PS Imports Inc

PS Imports was founded in 1989 as a concession selling custom jewelry within a Puerto Rico based department store. The companys founder Paul Shames had recently graduated from Babson College in Wellesley, Massachusetts when the concession opportunity was presented. With a $15,000 investment which was his entire savings he opened the first kiosk. After three years, 10 such outlets had been opened. In 1992 the first opportunity to open a full scale store within a prominent regional mall presented itself. The new brand would be known as Exentrix and occupy 900 square feet. PS Imports purchased the store without inventory for $40,000 from the ailing public company Edison Brothers. The new inline store would require product expansion from custom jewelry alone into a fully diverse accessory concept. Instant success allowed the model to rollout into 19 stores by the year 2000. That year the company was given the biggest opportunity to date which enabled it to open a large concept store ...