Sew Cal Logo (SEWC) is a maker of embroidered caps, sports and other corporate identification items. The company operates primarily in the United States. Sew Cal Logo also provides contract embroidery and silk-screening services to the manufacturing and promotional industry; and designs and manufactures apparel under private labels. According to SEC filings, SewCal is quietly ramping up to launch a new line of surf and sportswear under the brand Pipeline Posse to be released by Pacific Sunwear Inc. and other retailers.
SEC filings also noted that SewCal currently generates approximately $2 million in annual revenues and carries $250,000 cash on the balance sheet. There are only 89.3 million shares outstanding. It sells its products to motion picture and television studios, retailers, local schools, shops, and small businesses. The Pipeline Posse clothing line is sold primarily over the Internet. The California-based company offers caps and headwear, jackets, denim, cargo shorts, pants, and related apparel.
SewCal also provides silk screening, heat transfers, sublimation, cap and hat design and manufacturing, and patches of all kinds and shapes to film and television wardrobe designers. Due to its low share price of less than a penny a share, SewCal is considered by many investors to be what is considered a sub-penny stock. The company also provides contract embroidery and silk-screening services to the manufacturing and promotional industry; and designs and manufactures apparel under private labels
SewCal Logo has a market value of about $27,000. The company currently carries $2.86 million of debt on its balance sheet and doesn’t have positive cash flow as of yet.
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