Clothing company Aussie Apparel Group Ltd on Wednesday it had signed a letter-of-intent to acquire the extreme sports-related Bluetorch trademark and other intellectual property for an undisclosed amount. The California-based firm, whose brands include Hot Tuna and Xisle, said the potential deal with GBI would allow it to utilise the Bluetorch name in all categories with the exception of Bluetorch TV whose rights are owned by Fox Sports Net.