US Clothing Company Announces Convenient Delay

American clothing company announced that the company's convenience and second mortgage financing facilities expired for three months.

These changes also include certain contracts. At the same time, if the company discusses the long-term financing with the lender and other partners, the company's obligations will be increased correspondingly according to the ability to run the company's business.

The company has submitted revised copies and related securities and exchange commissions.

Dov Charney, chairman and CEO of the company, said: "we are happy to postpone the maturity of the loan because the credit market is very difficult at present.

We also discuss with the lender, hoping to extend the maturity date of the loan to 2010. We will continue to discuss these issues. At the same time, we need to find alternative financing tools. "

"During the holiday season, our business is still encouraging," he said.

American clothing companies must bid farewell to 2008 with good performance. We opened at least 80 retail stores in 2008, and the same store sales increased 2 figures compared with 2007.

Most importantly, we will continue to expand the productivity of the company's retail stores and bring the cash flow into the 2009.

Yang Jing: editor in charge