VANCOUVER, BC -- Greenscape Capital Group is pleased to announce that it has acquired 19.3% of Open Sundaes, a fast growing bath and body product company with retail and wholesale sales throughout North America and Europe.
Open Sundaes, founded in 2005, is a sweets inspired bath and body product company with headquarters in Vancouver, British Columbia and a manufacturing facility in Calgary, Alberta. The company has two stand alone retail locations, a Canadian manufacturing facility and is available at 30 Hudson Bay locations, 24 Save-On-Foods locations and at 66 retail partners across North America. Each luxury Open Sundaes product is handmade in Canada with natural ingredients such as cocoa seed butter, shea butter, castor oil, food starch, egg whites, grapeseed oil, jojoba oil, ricebran oil, and sugar.
Open Sundaes has achieved a large following amongst luxury consumers and Hollywood celebrities alike and the company is the subject of growing media excitement and interest.
Bryan Slusarchuk, CEO, states, "Open Sundaes is becoming a big success story in the bath and body industry and Greenscape is proud to have acquired 19.3% of the company at this stage of their rapid growth. Open Sundaes product is generating rave reviews across the sector and is seeing very large same store sales growth as well as new store growth. Our role within Open Sundaes, in addition to being equity owners, will also be to add value as they define and refine their environmental targets through the ongoing greening of their operations. This is an excellent example of the value that Greenscape offers investment partners above and beyond investment capital. Open Sundaes has a top notch management team, an exciting and innovative product and is expanding rapidly. Exactly the type of situation we like to get involved with at an early stage."
About Greenscape Capital Group Inc.
Greenscape Capital Group Inc. is a forward-thinking eco-luxury company that is acquiring and managing a portfolio of emerging companies that design and manufacture fashionable luxury products that are eco-friendly or are in the process of becoming more environmentally-responsible companies. As a value added investor in these companies, Greenscape will assist companies in evolving as eco-friendly and socially responsible entities.
ON BEHALF OF GREENSCAPE CAPITAL GROUP INC.
"Bryan J.R. Slusarchuk"
Bryan Slusarchuk, CEO and Director
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Greenscape Capital Group Inc.
Suite 520 - 470 Granville Street
Vancouver, B.C., Canada V6C 1V5
Tel. 604/687-7130 Fax. 604/687-7165 Email: info@greenscapecapital.com
Website: www.GreenscapeCapital.com
Forward Looking Statements:
Forward-Looking Statements. This Company Press Release contains certain "forward-looking" statements and information relating to the Company that are based on the beliefs of the Company's management, as well as assumptions made by and information currently available to the Company's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors and strategic partners, the interest rate environment, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein.
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