BEVERLY HILLS, Calif., November 7, 2016 /PRNewswire/ -- Reign Sapphire Corporation, (OTCQB: RGNP) ("Reign" or the "Company"), the first mine-gate to customer jewelry company to sell branded Australian Sapphire Jewelry direct to consumers, today announced the it has signed a binding letter of intent to acquire 100% of the assets of custom jewelry company, Coordinates Collection Inc. Founded in 2012, Coordinates Collection offers customized jewelry that uses materials such as semi-precious to precious metals and stones as well as ceramic coatings. The company sells bracelets, rings and necklaces that display the latitude and longitude of any place that represents a special memory to the customer with 90% online distribution as well as hundreds of wholesale accounts and distribution agreements to Middle East markets. Products are designed and manufactured in Los Angeles, CA. Coordinates Collection Inc.'s revenue for the last financial year was $3.2 million USD. "Coordinates Collection is a strong accretive acquisition for Reign, offering dynamic infrastructure, human resources, intellectual property, supply chain, product, up and downstream distribution, geographic expansion and revenue synergies that will support the growth of our collective Brands throughout the US, Europe, Asia and the Middle East," said Joseph Segelman, Reign Sapphire Corporation, CEO. "This acquisition will enable us to retain founder Owen De Vries, who will continue as Head of International Business Development and Strategic Partnerships across the Reign group of companies, while also retaining Coordinates Collection Inc.'s strong team and infrastructure in downtown Los Angeles, providing expansion opportunities for Reign in Sales and Marketing Distribution, Fulfillment and R&D. "Driven by technology, Coordinates Collection has established Widgets, a 3D Web Simulator and a first of its kind retail display and guided sales technology kiosk which create a scalable, highly personalized experience, further complementing Reign's Concierge, VIP Service and online shopping approach, while setting the stage for future wholesale and retail expansion," he continued. Coordinates Collection founder, Owen Devries stated," We are thrilled to integrate with Reign Sapphire Corporation as we carry forward our innovative and highly successful brand growth expertise into this new incarnation. We are highly confident that the combination of Reign and Coordinates Collection Inc., will yield exponential growth across our brands by leveraging our unique and soon to be united expertise. We consider Reign visionary in driving the growth of the Miner-Gate to Consumer luxury Australian Sapphire Jewelry brand and envision expansive value creation across our complementary brands and business models. Together, Reign will strengthen its core capabilities to expand not just vertically but also outwardly, across channels and geographies with truly compelling brand growth, technology and strategies that will gain strong traction.