StockGuru Shines its Spotlight on Respect Your Universe (OTCBB: RYUN) Upon Announcement of Oversubscribed Equity Financing – July 18, 2011

StockGuru Shines its Spotlight on Respect Your Universe (OTCBB: RYUN) Upon Announcement of Oversubscribed Equity Financing – July 18, 2011

Dallas, Texas (July 18 , 2011) – StockGuru shines its Spotlight on Respect Your Universe (“RYU”) (OTCBB: RYUN).  The Company announced on Friday, July 15, 2011, that due to investor demand its previously disclosed equity financing in June 2011 was oversubscribed and the final total proceeds in the offering were $3,249,090. With this increased capital investment, RYU has even more resources with which to successfully develop and distribute its MMA inspired apparel and merchandise.  The Company closed at $2.09 on July 15, 2011, trading on volume of roughly 109,000 shares.

RYU commenced the offering on Friday, June 17, with intentions to raise only $2,500,000, but within days the interest and demand in the offering was so substantial the Company was able to raise an addition $749,090 and close the offering. For the investment, RYU issued 5,415,151 shares of restricted common stock and two year warrants to purchase another 5,415,151 shares of restricted common stock at an exercise price of $1.80 per share. If all of the investor warrants are exercised, RYU will receive an additional $9,747,272 in financing.

Chief Financial Officer Steve Eklund said of the financing: “We are very pleased that our June 2011 offering was significantly oversubscribed. This demonstrates the confidence that our shareholders have in our brand strategy, our business plan and the talented and experienced team we have assembled at RYU. With this funding in place, we will soon be bringing to market the most innovative and authentic performance apparel for MMA athletes to help them perform at their best. Thanks to all of our investors for their support.”

About Respect Your Universe, Inc. (OTCBB: RYUN): RYU is a premium performance apparel and equipment company rooted in and inspired by Mixed Martial Arts. Focused on the needs of the athlete, RYU brings innovative design, development and production of premium performance gear with style to mixed martial artists and athlete enthusiasts worldwide. The RYU brand is based on respect, honor and sustainability.

Safe Harbor Statements

Except for the statements of historical fact contained herein, the information presented in this news release constitutes “forward-looking statements” as such term is used in applicable United States laws. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any other statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect,” “is expected,” “anticipates” or “does not anticipate,” “plans,” “hopes,” “estimates,” “projects” or “intends,” or stating that certain actions, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved) are not statements of historical fact and should be viewed as “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, the actual results of sales and designs of our apparel, the MMA industry and market, the apparel industry and market, the availability of capital to fund our business plan and the resulting dilution caused by the raising of capital through the sale of shares, product manufacturing and sourcing, and labor. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release.

 

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