PNGB Panglobal Brands Inc (CE)

Panglobal Brands Inc. (OTCBB:PNGB) has appointed Frank Chan as Chief Operating Officer. Most recently, Mr. Chan was Chief Financial Officer of Femme Knits, Inc. and joined Panglobal Brands after our acquisition of the Scrapbook and Crafty Couture trademarks. At Scrapbook, Mr. Chan was involved in all aspects of operations including domestic and import production, sales, design and human resources. Prior to Femme Knits, Mr. Chan spent 13 years in the Commercial Finance industry specifically working with apparel companies. Within these roles, he has provided both accounts receivable factoring and asset-based financing to numerous apparel companies and has been actively involved in monitoring operations, company performance and growth. At the beginning of his career, he trained as an accountant and attained a Bachelor of Science in Accounting and a Masters of Business Administration (M.B.A.). Mr. Chan is a Certified Public Accountant (C.P.A.). �Frank has a wealth of experience working with and helping apparel companies in all phases of their development. We are excited to have him as a part of our management team at Panglobal Brands, Inc.�, said Stephen Soller, Chief Executive Officer. 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; SoSik, which represents affordable fashions for the burgeoning junior market; and Scrapbook, which is aimed at the teen and junior markets and features mix and match knits. 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 consumer, and,; (ii) we can update our product offerings continually to be seen as a trend setter in fashionable clothing and accessories. 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. 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, competition from cheaper or more accepted products, and our ability to keep control on costs. 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.