RYU Apparel Inc. Prevails in Trade-mark Legal Matter with Lululemon Over RYU Mark
VANCOUVER, Oct. 9, 2018 – RYU Apparel Inc. (TSXV: RYU) (OTCQB: RYPPF) (“RYU” or the “Company”), creator of urban athletic apparel, is pleased to announce that it has successfully protected its registration over its RYU trade-mark registrations in Canada, including the RYU logo. The Company also has trade-mark registrations in the United States, China and Hong Kong.
Lululemon Athletica Inc. (“Lululemon”) has advised that it does not intend to expunge any RYU trade-mark registrations of the Company that may be issued from the Canadian Intellectual Property Officer (“CIPO”), including the RYU (stylized) trade-mark (the “RYU Marks”) or oppose the current trade-mark applications for the RYU Marks. The legal matter started in March 2017 after the Company advertised its application for the RYU (stylized) trade-mark on the January 2017 edition of the Trade-marks Journal and Lululemon sought and received and extension from CIPO to consider whether to oppose the RYU Marks, having produced a T-shirt prominently featuring the letters RYU, even though the Company was already operating with multiple stores and a growing international e-commerce business.
Marcello Leone, CEO of RYU stated: “We will always protect our intellectual property and we are proud to own the RYU Marks. The word Respect is in our name and at the heart of our values and it is the purpose of our movement.”
For regular updates on RYU Apparel visit: http://ryu.com
About RYURespect Your Universe is an award winning urban athletic apparel and accessories brand engineered for the fitness, performance and lifestyle of athletically minded men and women. Innovatively designed without compromise and tailored for fit, comfort, and durability, RYU exists to facilitate human performance.For more information, visit: http://ryu.com
On Behalf of the Board
RYU APPAREL INC. “Marcello Leone” Marcello Leone, CEO Tel: 604-235-2880
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE RYU Apparel Inc.