Horiyoshi (OTC:HHWW) Tanks -70% Today

Big selloff today in Horiyoshi Worldwide (OTC:HHWW) today as the company’s stock price has dipped as low as $1.03 per share on very heavy volume of nearly 17 million shares. The specialty, high-end retail provider has jumped as high as $3.25 per share and seen volume numbers skyrocket since acquiring Horiyoshi the Third, but it looks like the stock was significantly overvalued with all the selling going on today.

The Company had fresh news today that has been ineffective to say the least and failed to stop the bleeding. In a press release, Horiyoshi Worldwide announced that it has secured retail distribution with multi-brand department store, DASLU. www.daslu.com.br

Established in 1996, DASLU is a posh multi-brand department store in Sao Paulo, Brazil - known as the "Fashion Mecca" of South America. The establishment houses more than 60 labels plus 30 store-in-store boutiques including Chanel, Jimmy Choo, Louis Vuitton and Valentino. Daslu is highly regarded for being a 'purveyor' in chic and exclusive couture in South America. Horiyoshi the Third's Spring / Summer 2011 Collection will be sold at DASLU's prestigious flagship store in Sao Paulo.

"We are excited to increase our profile and expand our brand reach in Brazil. Daslu is a renowned shopping institution and the gateway to the South American market for luxury brands. Entering into Brazil with Daslu plays a key role in establishing Horiyoshi the Third as a premier brand in South America." says Dawn Green, Commercial Director of Horiyoshi Worldwide.

Horiyoshi Worldwide Inc., designs, manufactures, and markets Horiyoshi the Third (HIII) - a high end clothing and accessories product line based on the artistry of World renowned Japanese Tattoo Artist, Yoshihito Nakano (Horiyoshi III). The Company is rapidly expanding its distribution platform with the line currently being sold in approximately 45 luxury retail boutiques located in 25 cities worldwide. Debuting in Fall 2009 - HIII has been featured in leading fashion publications such as the New York Times, International Herald Tribune, the Los Angeles Times, Anotherman Magazine, Vogue and Style.com.

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