Multimedia Concepts International Inc today announced that the board of directors is considering the spin off or divestiture of all US Apparel subsidiary's assets to its existing shareholders.

The potential divestiture or spin off of US Apparel's assets could provide shareholders with significant value considering the company's successful revenue history and potential growth. It concurrently provides the company the opportunity to explore ventures in non-synergistic, but potentially highly profitable businesses in other industry sectors.

Ilan Arbel, president and CEO of Multimedia Concepts, said: "Increasing shareholder value is always at the forefront of our activities. It is with great enthusiasm that the board is considering sharing the assets of US Apparel to its loyal shareholders. Additionally, the company has been presented with a number of opportunities that would allow us access to markets that are attractive investment vehicles."