Legacy Athletic Apparel, LLC., a development-stage company that designs and manufactures athletic shoes and apparel, announced the recent closing of its reverse merger into Mondial Ventures Inc., with Mondial being the surviving entity.
Through this transaction, Legacy becomes a public reporting company with Legacy's executive team, including CEO Rodney Henry, becoming the new management of the combined company. Mondial Ventures will subsequently be changing its name to Legacy Athletic Brand, Inc. to reflect the new business model. Until such time as a new stock symbol is obtained, the shares will continue to trade under the existing symbol, (MNVN.PK).
There are currently a total of 100,000,000 common shares issued and outstanding in the newly combined entity. As part of the merger, Marc Juliar resigned from his positions as chief executive officer and chief financial officer of Mondial while Rodney Henry and Rob Fiallo became the respective chief executive officer and chief operating officer of the company.
Legacy's core business is the development, design, marketing and distribution of athletic shoes and apparel for mass markets. Legacy was founded and created by lifestyle entrepreneur Rodney Henry, who is now CEO of the combined company. Henry is also the founder and co-owner (along with well known investor and “CEO of Hip Hop” Ruby Azrak) of Protege, a successful footwear and clothing company whose products are sold at accessible price points exclusively through Sears and K-Mart in over 3,000 stores. The North American rights to Protege's brand and product lines are currently licensed by Sears Holdings Corporation.
Prior to the founding of ProtÃ©gÃ©, Henry was instrumental in
establishing the “Starbury” brand of shoes and athletic apparel for
former NBA player, Stephon Marbury.
“Becoming a publicly listed company is essential for attracting investors as we prepare to launch our brand in the domestic market,” remarked Henry. “I remain committed to the concept that proved so successful in my last venture; a high performance, beautifully designed shoe at a practical price. The Legacy line will be available through low-to-mid tier retailers and appeal to young, cost-conscious consumers.”