PNGB Panglobal Brands Inc (CE)

Panglobal Brands Inc. (OTCBB: PNGB) is dedicated to building a series of apparel brands, consisting of mainly women�s apparel, and to building brand recognition by marketing its products to fashion conscious consumers who shop in major department stores and boutiques. Our SoSik brand and junior apparel can be found nationwide at Charlotte Russe, Wet Seal, Buckle, Mandee, Anchor Blue, Urban Brands, Forever 21, American Rag and Ross Stores as well as YM stores in Canada. We have recently accepted our first order from Nordstrom for our Sosik brand. Our success in the junior apparel business relies on our ability to continually keep our products new, fresh and part of what is in fashion. Our contemporary divisions consist of Hauteur Mynk denim, and Nela and Tea and Honey dresses. Hauteur Mynk is our trademarked brand name selling premium denim jeans and is sold at Saks 5th Avenue, will shortly appear in Nordstrom and is carried by over 150 boutiques nationwide. Nela designs, and sells women's better dresses using Italian prints and related fabrics and can be seen at Henri Bendel and over 90 boutiques. Tea and Honey designs and sells women�s contemporary dresses and sportswear and currently has orders from Nordstrom, Nieman Marcus, Anthropologie and over 100 boutiques nationwide. Tea and Honey products are expected to commence shipping in May 2008. Based upon our contemporary branded products, we have manufactured private label women�s apparel for Macy�s, Sears, Victoria�s Secret, Harold�s, Arden B and Anthropologie. Panglobal Brands Inc. has year-to-date revenues of $3,800,000 and currently has a sales order backlog totaling $6,550,000�for deliveries to retail stores totaling $10,350,000 for this year for its SoSik,�contemporary and private label apparel divisions. �We believe that our strategy of having diversified brands from juniors through contemporary is beginning to generate revenues for us across all of our different product lines. For example, we have orders from Nordstrom for three of our product lines and orders from Macy�s for two of our product lines. We are very pleased with our progress and with the dramatic build-up of open orders for future shipments,� 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: Mynk, a high-end, high-fashion denim brand selling at specialty retailers and Saks 5th Avenue; Nela, an upscale contemporary print dress label; Tea & Honey, a casual ladies wear collection that�s ready to burst onto the scene later this year; and, So Sik, which represents affordable fashions for the burgeoning junior market. 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) deliveries to retail stores will total $10,350,000 for this year for our SoSik,�contemporary and private label apparel divisions;(ii) we will build brand recognition by marketing our products to fashion conscious consumers; (iii) we plan to update our product offerings continually to be seen as a trend setter in fashionable clothing and accessories. (iv) our Tea & Honey products will burst onto the scene later this year. 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, general economic condition. Readers should also refer to the risk disclosures outlined in the Company�s quarterly reports on Form 10-QSB, annual reports on Form 10-KSB 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.