On behalf of Vander Group, I’m pleased to announce that Reign Sapphire Corporation (OTCQB: RGNP) has signed a letter of intent to acquire Coordinates Collection from our flagship business unit, FD9 Group. FD9 Group is a Los Angeles based fashion incubator and strategic Vander partner. Since its conception in 2012, Coordinates has provided consumers with an exquisite way to commemorate meaningful memories by preserving their longitude and latitude in fine jewelry. Vander Group served as the agency of record as well as a financing partner for Coordinates Collection and has maintained a close relationship with the brand throughout its growth and acquisition. Vander is particularly proud to have provided Coordinates with the technology it needed to market its concept, including the development of a third party website sales widget and a custom jewelry builder with Google Maps API integration allowing customers to automatically place any location’s specific coordinates on their design along with just-in-time strategic factory interactions for decreased production time of the bespoke pieces.
We’re proud of our relationship with Coordinates in the past, and we hope to play a role in the next chapter of its success. Reign’s mine-gate to consumer business model complements Coordinates’ innovative concept and fashion expertise, and we hope the acquisition will allow both companies to expand their reach and profitability.