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Sunday, September 25, 2022

Nitches Inc (OTCMKTS: NICH) Heating Up & Getting Noticed as Co Reduces OS by 80% and Launches NITCHES OVS” Its New Owner Verification System (OVS™) Mobile App

Nitches Inc (OTCMKTS: NICH) is heating up and moving northbound after the Company announced 189,000,000 of common shares are in the process of being returned and cancelled, which reduces the company’s outstanding common shares to 39,659,644 from 229,659,644. Nitches reached an agreement with two shareholders that will result in the retirement of around 80 percent of its common shares. Nitches is also negotiating to reduce some of the company’s debt to a more standard note of a 50 percent discount to market. This is big news for NICH which has a clean balance sheet with just $188k in total liabilities on the books one of which is a note payable. NICH has runner in its blood skyrocketing during the month of February to highs of $0.76 per share before coming back down to where it started. After a brief dip below a dime NICH is once again moving northbound. 

Nitches has created two luxury capsule collections with Nick Cooper, superstar vocal coach from American Idol, and John Lewis. The iconic streetwear clothing lines feature a limited number of hoodies, hats and more. Nitches works one-on-one with celebrities from design concept through final manufacturing to deliver high-quality items that reflect the personalities’ unique brands. The celebrities help market the products to their fanbases via their social media sites. The Company also recently completed work on its industry-changing Owner Verification System (OVS™) mobile app called “NITCHES OVS.” Nitches has successfully submitted the NITCHES OVS app to Apple iTunes (iPhone) and Google Play (Android) stores. It should be available later this month for buyers who purchase products from stores registered with Nitches. NITCHES OVS is a application (app) that can be used to prove ownership of Nitches’ luxury products, apparel and streetwear clothing items. 

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Nitches Inc (OTCMKTS: NICH) operating out of Las Vegas, Nevada is a diversified technology and exclusive clothing company that blends high-tech with high-end fashion to design luxury clothing items and NFTs. The Company specializes in creating limited-edition athleisure and streetwear apparel and accessories that are sustainable, authentic and exclusive. Nitches collaborates with fashion-forward influencers and celebrities to create capsule collections that reflect their vision and brand. The Company develops innovative technology to protect its intellectual property and prevent counterfeiting. Nitches strives for creativity, excellence and value in all that it does for its collaborators, customers and stakeholders. 

Recently Nitches completed work on its industry-changing Owner Verification System (OVS™) mobile app called “NITCHES OVS” and successfully submitted the NITCHES OVS app to Apple iTunes (iPhone) and Google Play (Android) stores. It should be available later this month for buyers who purchase products from stores registered with Nitches. NITCHES OVS is a application (app) that can be used to prove ownership of Nitches’ luxury products, apparel and streetwear clothing items. 

Nitches developed the OVS and advanced mobile app to prove the authenticity of its exclusive clothing items from capsule collections developed with top celebrities and influencers. Athleisure collections with Nick Cooper, vocal coach from American Idol, and John Lewis, the BadAss Vegan, will soon be available for sale. The app operates on both iOS and Android devices. Nitches plans to provide its NITCHES OVS to other businesses that want to protect their products, apparel and clothing from counterfeiting. According to Ghost Data, about 20 percent of fashion products advertised on social media are fake. To enable its verification technology, Nitches sews a unique QR code into the items (products, apparel and clothing) it manufactures. Buyers scan these codes to register their products on its NITCHES OVS app to authenticate them and claim ownership. Therefore, combating counterfeiting and proving their item is authentic and the real deal because it can be tracked and is registered on the NITCHES OVS app.  

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NICH

On March 31 NICH announced 189,000,000 of common shares are in the process of being returned and cancelled, which reduces the company’s outstanding common shares to 39,659,644 from 229,659,644. Nitches reached an agreement with two shareholders that will result in the retirement of around 80 percent of its common shares. Nitches is also negotiating to reduce some of the company’s debt to a more standard note of a 50 percent discount to market. Nitches has created two luxury capsule collections with Nick Cooper, superstar vocal coach from American Idol, and John Lewis, the “BadAss Vegan” influencer and filmmaker. The iconic streetwear clothing lines feature a limited number of hoodies, hats and more. Nitches works one-on-one with celebrities from design concept through final manufacturing to deliver high-quality items that reflect the personalities’ unique brands. The celebrities help market the products to their fanbases via their social media sites. 

CEO John Morgan stated: “Nitches continues to diligently protect the value of our common stock for shareholders. Our company takes great pride in being an excellent corporate citizen and conducting ourselves with exemplary integrity and ethics in our business and relations with all stakeholders.” 

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Currently trading at a market valuation of $6.9 million NICH has no assets, no revenues and just $188k in total liabilities on the books one of which is a note payable. This is an exciting time for NICH, the stock has runner in its blood skyrocketing during the month of February to highs of $0.76 per share before coming back down to where it started. After a brief dip below a dime NICH is once again moving northbound. NICH has been making big moves recently cancelling 80% of the OS to bring outstanding shares to just 39,659,644. They completed the industry-changing Owner Verification System (OVS™) mobile app called “NITCHES OVS and submitted it to the app stores. Also, the Company has created two luxury capsule collections with Nick Cooper, superstar vocal coach from American Idol, and John Lewis. The iconic streetwear clothing lines feature a limited number of hoodies, hats and more. NICH is currently under heavy accumulation, has momentum, significant liquidity, and has a significant gap to fill from recent $0.76 highs. We will be updating on NICH when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with NICH. 

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Disclosure: we hold no position in NICH either long or short and we have not been compensated for this article.

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