Prospect Ventures Inc (IVAP)

Description:

Dussault Apparel Inc. was incorporated on October 1, 2006, in the State of Nevada under the name Release Your Lease Inc. Effective June 11, 2007; it completed a merger with its wholly subsidiary Dussault Apparel Inc. As a result, it changed its name from Release Your Lease Inc. to Dussault Apparel Inc. The Company's current business is primarily limited to licensing its Deuce Collection of apparel such as hats and t-shirts; it also will continue to produce limited collections of its Dussault luxury hoodies and Dussault Headwear when deemed economically viable. It also designs skateboards and swimwear for promotional events; it outsources the manufacturing of promotional items to third parties. Any Dussault hoodies that are produced are manufactured in Canada, licensed products are managed entirely by its license partners it only incurs cost of design and sampling the license tee shirts are manufactured in the United States, Canada and China, its licensed head ware is manufactured in China. At present, its products are available in approximately 100 retail locations primarily across Western Canada, through approximately 40 different retailers. Given that such retailers only carry on an order by order basis, it can provide no assurances that such retailers will continue to purchase and carry its products on any ongoing basis. The Company's products are also available online through the Company's website.