PNGB Panglobal Brands Inc (CE)

Panglobal Brands Inc. (OTCBB:PNGB) has recorded its best quarterly sales revenue in the history of the Company, growing 62% over the same quarter last year. Sales revenue for the three months ended June 30, 2009 totaled $8,600,000 versus sales revenue of $5,321,000 for the three months ended June 30, 2008. Year to date sales revenue for the nine months ended June 30, 2009 totaled $20,225,000 versus $8,400,000 for the nine months ended June 30, 2009.

We now manage our women’s apparel business in three divisions-Sosik, Scrapbook, and contemporary labels. Our SoSik business continues to be our biggest seller with sales of $4,900,000 for the three months ended June 30, 2009 and year to date sales of $10,900,000. We continue to have strong customer relationships with J.C. Penney, Ross, The Buckle, Macy’s and Forever 21. Under the SoSik label, we design and market junior t-shirts, dresses and sportswear.

Panglobal Brands acquired the Scrapbook label in June, 2008. Scrapbook sales contributed approximately $2,330,000 toward the revenue for the three months ended June 30, 2009 and $6,750,000 year to date. The Scrapbook label is aimed at junior (teen and early 20’s) contemporary markets and is known for its mix and match prints and comfortable knit fabrics products and can be found at Nordstrom, Macy’s, Dillard’s and better boutiques nationwide. Its companion label CraftyCouture is a lower priced product line and its customers include Charlotte Russe, Forever 21 and Ross Stores.

Our contemporary divisions consist of Haven dresses and Tea and Honey dresses. Sales of our contemporary products totaled $1,400,000 for the three months ended June 30, 2009 and $2,700,000 year to date. Haven produces unique print dresses for the young and professional woman and can be found at Saks 5th Avenue, Nordstrom and Macy’s. Tea and Honey designs and sells women’s contemporary dresses and sportswear and currently sells at Macy’s, Anthropologie and at boutiques nationwide.

“We believe that our stable of brands has allowed us to present a variety of alternatives to our customers and to achieve this quarter’s tremendous sales growth. We continue to focus on fashion at a reasonable price and our customers perceive that we offer good value and understand today’s fast changing fashion trends. Our products sold well in many stores, including national department stores,” said Stephen Soller, Chief Executive Officer of Panglobal Brands Inc.

About Panglobal Brands Inc.

Panglobal Brands, Inc. is committed to building a diverse stable of apparel brands, capitalizing on opportunities to participate in the hottest fashion trends as they happen. Our business strategy is to create a balance with dynamic branded products and the traditionally more stable private label apparel business by selling branded products through specialty retailers and by running a private label division catering to department store chains. Our current brands include: SoSik, which represents affordable fashions for the burgeoning junior market; Scrapbook, which is aimed at the teen and junior markets and features mix and match knits; Tea & Honey, a casual ladies wear collection; and Haven, a value oriented contemporary print dress label.

This strategy plus a management team with significant apparel industry experience, enables Panglobal Brands to bring eye-popping product lines to market at competitive price points.

Forward-Looking Statements

This news release contains “forward-looking statements.” Statements in this press release, which are not purely historical, are forward-looking statements and include statements concerning the Company’s business outlook or future economic performance, anticipated revenues, expenses or other financial items; product introductions and plans and objectives related thereto; and assumptions or expectations relating to any future events, conditions, performance or other matters. Such forward-looking statements include, among others, that:; (i) we can build brand recognition by marketing our products to fashion conscious consumers, (iv)we can sustain or grow this level of sales Forward-looking statements are subject to risks, uncertainties and factors include, but are not limited to, the nature of the apparel industry, including changing customer demand and tastes, seasonality, customer acceptance of new products, the impact of competitive products and pricing, dependence on existing management, and general economic condition. In regards to our company, the following are also risk factors: our ability to finance operations and growth, our ability to attract and retain employees and consultants, our ability to finance our operations, competition from cheaper or more accepted products, and our ability to keep control on costs. Increased sales do not necessarily result in increased profit or any profit. Readers should also refer to the risk disclosures outlined in the Company’s quarterly reports on Form 10-Q, annual reports on Form 10-K and the Company’s other disclosure documents filed from time-to-time with the Securities and Exchange Commission available at www.sec.gov.

The Company assumes no obligation to update the information in this release.

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