Aussie Apparel Group Ltd. has signed a letter-of-intent to acquire the November Clothing Company. Aussie Apparel simultaneously announced a letter- of-intent with Krash Distribution Company to acquire the November trademark in an asset purchase agreement. Initial numbers provided by November Clothing Company to Aussie Apparel show sales of $1.5 million in 2002.

November Clothing Company, launched in 2000, caters to the core skateboard market with a strong fashion influence from alternative/punk music lifestyle. Outside of the United States, the November brand is also sold in Canada, England, New Zealand and Australia.

Bruce MacGregor, President and CEO of Aussie Apparel said, “This relatively new company has created an extremely strong buzz in the core skate community. I am really excited about the potential for November given our resources as compared to November as a stand-alone company. Their management, led by James Waataja and Anthony Mandich, is first-rate and nailed this brand in terms of their alternative/punk focus! The growth possibilities for November over the next five years are significant.”

Anthony Mandich, Senior Vice President of November Clothing Company said, “The ingredients are all there in terms of expanding our product line and distribution. We feel like weve got our pulse on what the kids are into and how to market the November brand effectively. The business knowledge and capabilities of Aussie Apparel’s management team will dramatically contribute to increases in sales and profits. I can honestly say that both parties are going to be better off as a by-product of joining forces. I am enthusiastic about what we can accomplish together and the resulting potential growth for the November brand.”


This announcement occurs two weeks after Aussie Apparel signed a letter- of-intent to purchase the brand name Bluetorch, and one day after the company declared that they had signed a letter-of-intent to acquire TSA Brand Inc.

Both parties to the agreement anticipate a definitive agreement within four to six weeks.