Contact: Cherokee Global Brands:Jason Boling, CFO(818) email@example.comInvestors:Patricia NirAddo Communications(310) 829-5400
SHERMAN OAKS, Calif., April 27, 2017 (GLOBE NEWSWIRE) -- Cherokee Global Brands (NASDAQ:CHKE), a global brand marketing platform that manages a growing portfolio of fashion and lifestyle brands, today announced that it will release its fourth quarter and fiscal year 2017 financial results after market close on Thursday, May 11, 2017. A conference call is scheduled the same day at 1:30 p.m. PT / 4:30 p.m. ET. Participating on the call will be Henry Stupp, Chief Executive Officer, and Jason Boling, Chief Financial Officer. To join the conference call, please dial (877) 407-0784 (U.S.) or (201) 689-8560 (International) ten minutes prior to the start time. The earnings call and slide presentation will also be broadcast live over the Internet and can be accessed on the Investor Relations section of the Company's website at www.cherokeeglobalbrands.com. For those unable to participate during the live broadcast, a replay will be available until 8:59 p.m. PT / 11:59 p.m. ET on Thursday, May 18, 2017. To access the replay, dial (844) 512-2921 (U.S.) or (412) 317-6671 (International) and use passcode: 13661271. The Company expects to file its Annual Report on Form 10-K for its fiscal year ended January 31, 2017 on May 11, 2017. About Cherokee Inc. Cherokee is a global brand marketing platform that manages a growing portfolio of fashion and lifestyle brands including Cherokee®, Carole Little®, Tony Hawk® Signature Apparel and Hawk Brands®, Liz Lange®, Everyday California®, Sideout®, Hi-Tec®, Magnum®, 50 Peaks®, Interceptor® and Flip Flop Shops®, a leading franchise retail chain, across multiple consumer product categories and retail tiers around the world. The Company currently maintains license and franchise agreements with leading retailers and manufacturers that span over 110 countries in 12,000 retail locations and digital commerce. Safe Harbor Statement This news release contains forward-looking statements regarding future events and the future performance of Cherokee. A forward-looking statement is neither a prediction nor a guarantee of future events or circumstances and is based on currently available market, operating, financial and competitive information and assumptions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expected or projected, including, among others, risks that: the consolidated financial statements will not be completed on the timeline expected; the results actually reported upon completion of the financial statement will be materially different from anticipated results; the Nasdaq will issue a delisting letter as a result of the delayed filing; the expected benefits of the Hi-Tec Acquisition may not be realized; further delays in completion of the financial statements may cause the Company's lenders may declare an event of default and exercise their rights against the collateral; global economic conditions the financial condition of the apparel and retail industry and/or adverse changes in licensee or consumer acceptance of products bearing the Company's brands may lead to reduced royalties; the ability and/or commitment of the Company's licensees to design, manufacture and market Cherokee®, Carole Little®, Tony Hawk® and Hawk Brands®, Liz Lange®, Everyday California® and Sideout® branded products could cause our results to differ from our anticipations; the Company's dependence on a select group of licensees for most of the Company's revenues makes us susceptible to changes in those organizations; and the Company's dependence on its key management personnel could leave us exposed to disruption on any termination of service. The risks included here are not exhaustive. Other risks and uncertainties are described in our annual report on Form 10-K filed on April 14, 2016, its periodic reports on Forms 10-Q and 8-K, and subsequent filings with the SEC we make from time to time, including the preliminary prospectus supplement that we filed in connection with the offering described herein. Except as required by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.