US Highland, Inc. (OTCMKTS:UHLN) according to Yahoo’s profile page, operates as a recreational power sports original equipment manufacturer (OEM) in the United States. It develops motorcycles, quads, single cylinder engines, and v-twin engines under its own brand, and for other OEMs. The company is based in Dallas, Texas. The company’s website is inactive and they have not released press in over a year.
However, in that last press release the company seemed to be changing over to a more modern, differentiated business model. In that release, UHLN trumpeted themselves as a diversified product development, sales, and marketing company, today provided this release highlighting opportunities in the growing and challenging global sourcing and apparel sectors. At the time, CEO Josh Whitaker said this about the new mission: “Over the last several months, we have been very busy redefining our business model, exploring new areas for investment, and evaluating several exciting opportunities for potential acquisitions, joint ventures or other strategic partnerships.”
US Highland, Inc. (OTCMKTS:UHLN) is carrying a $176,260 market cap with 58 million shares outstanding. The company has seen increased volume recently with more than 19 million shares trading hands yesterday. This volatility is not coming from any public press to speak of.
Find out when $UHLN stock reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.
Here was the interesting part of that press release that seems to go along with their reasoning for adding a new variant to their business:
According to the most recent data issued by the US Department of Commerce – Office of Textiles and Apparel http://otexa.trade.gov/ (“OTEXA”) on December 31, 2015, US imports of apparel continued to climb in 2015, reaching almost $84.9 billion (year-end Nov. 2015) for an increase of 3.97% over the previous year.
As the OTEXA data reflects, the growth of apparel imports into the US is being driven by the lower cost and quality improvements of offshore manufacturing, a relatively strong US dollar, and recent weakness in the Chinese yuan. According to OTEXA, shipments from China, the largest supplier of apparel to the US, were up 1.98% in the last year to $30.44 billion (35.86% of total US apparel imports). Other major manufacturers and exporters of apparel to the US are Vietnam (12.34%), Bangladesh (6.3%), Indonesia (5.78%), India (4.3%), and Mexico (4.24%).
US Highland believes it is well-positioned to take advantage of this growth trend in apparel and other imports that it expects to create numerous new business opportunities for the Company and its joint venture, Lahva, Inc., as it believes in an ongoing trend of many US companies choosing to partner with sourcing specialists to cost effectively manage their production in low-cost foreign manufacturing centers. Sourcing specialists breakdown cultural and geographic barriers between US apparel firms and international factories, providing a competitive advantage to U.S. apparel firms by reducing production cost and facilitating production of simple to complex designs.
Lahva, Inc. 40% owned by US Highland, is a sourcing joint-venture with M&M Sourcing Sdn Bhd, an established Malaysian apparel sourcing consortium. Lahva provides customers with end-to-end sourcing of the apparel supply chain. This strategy includes overseeing the entire process, including design, raw material acquisition, garment construction, packaging, shipping, distribution/warehousing, delivery to retail, and consumer purchase. Lahva also utilizes its resources to incubate and support emerging apparel brands.
US Highland, Inc. (OTCMKTS:UHLN) is riding some serious volume but there is very little to go on here. The company completely reversed its mission and business model a few years back and that is the last most have heard from them, so most would assume there is no promotional pump here. UHLN is a strange company that was taking on debt not to long ago (2015) and some would say the volume is due to fall, but we will be watching this rather unpredictable stock. For continuing coverage on shares of $UHLN stock, as well as our other breakout stock picks, sign up for our free newsletter now and get our next hot stock pick!