RYU Apparel Inc. announced the appointment of Cesare Fazari as Chairman of the Board and CEO. As part of this reorganization, Marcello Leone has resigned as Executive Chairman and Director and Martino Ciambrelli has also resigned as Director of the Company. Mr. Fazari is a significant investor in RYU.

Under Mr. Fazari's leadership, RYU will evolve its business model to focus primarily on on-line sales in addition to key retail locations in major markets including Vancouver, Toronto, New York and Southern California.