BlueEast signs term sheet for Virgin Teez
Lahore: BlueEast has signed a Term Sheet Agreement with the online Clothing store Virgin Teez on 4th of April 2017 to lay the ground for their official partnership.
The Term Sheet was signed by both founders of VirginTeez, Moeez Javed and Aneeq Arshad, as well as the CEO and COO of BlueEast, Abdul Rehman Talat and Junaid Hafeez.
Talat encountered Virgin Teez and the show Idea Caroron Ka and was impressed by the company’s online business module for quality personalized shirts so much so that he offered to invest in it right there and then.
The nonbinding Term Sheet is the extension of that vow and would form the foundation of the official Shareholder Agreement.
All the involved parties from both sides believe that this is the beginning of a great partnership. Talat, while speaking of the agreement, said, “Virgin Teez has the potential to be an international success and what makes it so easy to collaborate is that we both are on the same page. BlueEast is certainly looking forward to assisting them in reaching great heights.”
Javed too had similar sentiments about the occasion and said, “We are grateful to have caught the eye of Mr Talat and are confident that this Term Sheet will lead to only better things.”
Now both the companies hope to convert this agreement into a permanent alliance and work on producing products of exceptional quality for netizens.