Press Release

Tharanco Group’s division, Spicy Clothing Company, has concluded its relationship with TakeOut Inc and Richard Gossett (Takeout Inc.), as Spicy’s independent sales and design agent, effective January 1, 2015.

Leveraging its strong sourcing infrastructure and relationships, Spicy will continue to promote its “OneA” label from Tharanco’s corporate offices located at 134 West 37th Street in New York with a new team of seasoned Sales and Design professionals led by Bonnie Stein. A separate announcement introducing the “OneA” team will be released by Spicy.

Spicy is finalizing its plans and will make an announcement for its Junior “Takeout” trademark shortly.

Spicy Clothing Company and Richard Gossett jointly own the “Freshman” trademark, and each company will be responsible for their respective businesses.

Over the next few months, the parties will coordinate delivery of final orders and a smooth transition for their customers. Tharanco thanks Richard Gossett and his team for their service and dedication over the past 10 years and wishes them the very best in all their future endeavors.

Contact:

Manu K. Mirchandani

Tel. 201-243-2550

Warmest wishes for a great 2015 and beyond.

Best regards,

Haresh T. Tharani