DEERFIELD BEACH, Fla., April 25 /PRNewswire-FirstCall/ -- Gambino Apparel Group, Inc. (OTC Pink Sheets: GBNG) announced today that it had completed its acquisition of 100% of the capital stock of Gambino Apparel Group, Inc., a Florida corporation, which will remain a wholly owned subsidiary of the company, and will remain subject to a security agreement held by the selling shareholders in accordance with the terms of the acquisition agreement. In accordance with the terms of the acquisition, the company announced the appointment of Christopher J. Gambino, Evelina M. Gambino, Mickey Kleinman and Anthony Ricatti to the Board of Directors. Christopher J. Gambino has been appointed Chairman and Chief Executive Officer, and Thomas Hagan will remain as Corporate Secretary and a Director. Gambino Apparel Group specializes in trendy Brazilian-cut denim fashions, including its signature line of "Bullet Hole Jeans" accented with Swarovski crystals. The Company also designs and produces ladies tops, skirts and lingerie as well as men's shirts and jeans. The company's fashion line is scheduled to be featured in a series of nightclub promotions throughout the United States. A television infomercial will begin airing in May in both Spanish and English, and in early May a billboard in Times Square at Broadway and 45th Street will be unveiled. The Company website and online-boutique can be found at http://www.gambinoapparel.com/ . Certain statements in this press release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules, including, without limitation, statements regarding potential future plans and objectives of the company, and forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise. DATASOURCE: Gambino Apparel Group, Inc. CONTACT: Christopher J. Gambino, Gambino Apparel Group, Inc., +1-954-425-8787 Web site: http://www.gambinoapparel.com/

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