Lust for Life Footwear Meets Strong Consumer Demand with On-Time Deliveries for Projected 50% Revenue Growth in Shipping Dollars for 2022
NEW YORK, NY/ACCESSWIRE/February 10, 2022/ Lust for Life Footwear LLC (the “Company”), the principal subsidiary of Renewable Energy & Power, Inc. (OTC PINK:RBNW), is delighted to report that our spring sandals have been shipped on time despite the disruptions in the shipping and supply chain that continue to affect the industry. We have succeeded in minimizing shipping hurdles through organizational streamlining, pre-booking of vessels and sourcing from reliable factories. This strategy has ensured the on-time delivery of our popular women’s sandals to Lust for Life customers and has secured us growth potential next year of a fifty percent increase in shipping dollars.
Lust for Life is now gearing up for Fall 2022 and entering men’s shoes. We incorporate a large retailer for the production of men’s and women’s footwear in our Mexican factory. We plan to start manufacturing the Lust for Life men’s line in September/October 2022 and our women’s line will follow with sandals. Our technologically equipped Mexican factories fully participate in the USMCA trade treaty. It is a great incentive because there is no customs duty.
As previously reported, Lust for Life Footwear manufactures an iconic brand from Italy and will begin shipping first orders of approximately $200,000 from 1st quarter of this year. The growth potential of this brand is expected to reach $750,000 for the year 2022.
Lust for Life Footwear is also very pleased to announce our powerful relationship with Brazil. Short manufacturing and shipping times have given us a clear competitive advantage. We are currently working with a strong partner who has set up a sample facility to quickly process development samples. This gives Lust for Life a huge opportunity to turn development into production. We are intensifying this operation during this 1st quarter and will start shipping in the 2n/a quarter of this year.
Looking ahead to the coming months, Lust for Life Footwear is in talks with a major e-commerce customer to manufacture its athletic shoes. Lust for Life continues to create specialty products for each customer and their needs. There continue to be great opportunities for growth with existing Lust for Life customers, which come from the ability of our retailers to continue to maintain higher margins alongside on-time delivery and customer-specific product.
About Renewable Energy & Power, Inc.:
Renewable Energy & Power, Inc. (OTC: RBNW) is the parent company of Lust for Life Group. RBNW is a holding company for clothing lines with both direct-to-consumer sales and wholesale sales to national retail chains. Previously, RBNW focused on renewable energy projects, but in August 2019, with the acquisition of Blind Faith Concepts, Inc., which owns 100% of Lust for Life, LLC, RBNW management decided to redirect its operations to focus on clothing. For more information about RBNW, visit www.lustforlifeshoes.com.
Safe Harbor and forward-looking statements:
This press release contains statements that involve expectations, plans or intentions (such as those relating to future expansion or financial results) and other factors discussed from time to time in the Company’s filings on over-the-counter markets. These statements are forward-looking and are subject to risks and uncertainties, so that actual results may vary materially. You can identify these forward-looking statements by words such as “may”, “should”, “expect”, “anticipate”, “believe”, “estimate”, “intend”, “plan” and other similar expressions. Our actual results could differ materially from those anticipated in these forward-looking statements due to certain factors beyond the Company’s control. The company cautions readers not to place undue reliance on these forward-looking statements, which speak only as of the date made. The Company disclaims any obligation to subsequently revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.
Lust for Life Shoes, LLC
55 Washington Street, Suite 703
Brooklyn, NY 11201
THE SOURCE: Renewable Energy and Power, Inc.
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