PNGB Panglobal Brands Inc (CE)

Panglobal Brands Inc. (OTCBB: PNGB) has again recorded growth in sales, growing 75% over the same quarter last year. Sales revenue for the three months ended March 31, 2009 totaled $5,177,000 versus sales revenue of $2,963,000 for the three months ended March 31, 2008. Fiscal year to date sales revenue for the six months ended March 31, 2009 totaled $11,629,000 versus $3,084,000 for the six months ended March 31, 2008.

Panglobal Brands Inc. currently has a sales order backlog which continues to improve totaling $10,300,000�for deliveries to its retail store customers. Our Sosik brand accounts for $6,300,000 of that total and our Scrapbook brand and our contemporary divisions account for the balance of $4,000,000. Most of the order backlog is intended to be shipped during the five months to September, 2009. In addition, we already had $2,000,000 in shipments for the month of April.

We now manage our women�s apparel business in three segments-Sosik/juniors, Scrapbook, and contemporary labels. Our SoSik/junior business continues to be our biggest seller for the six months ended March 31, 2009 with sales of approximately $6,000,000. We continue to have strong customer relationships with Charlotte Russe, Ross, The Buckle, Macy�s and Forever 21. In the quarter ended March 31, 2009, J.C. Penney was added to this list and based upon our sales order backlog, J.C. Penney could become our largest customer. 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 $4,400,000 toward the revenue for the six months ended March 31, 2009. 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. Scrapbook products can be found at Nordstrom, Macy�s, Dillard�s and better boutiques nationwide.

Our contemporary divisions consist of Haven dresses and Tea and Honey dresses. 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 continue to grow in these tough economic times as we produce well-designed fashion products that are fairly priced and offer good value to our customers. Our backlog of open orders continues to increase. We are pleased to add J.C. Penney to our list of fine retail customers and are excited about the sell through of our products in their stores. We achieved profitability for the month of March and continue to look for ways to save on operating expenses in order to sustain profitability,� 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) our orders backlog will become a firm sale (ii) we will ship our entire sales order backlog of $10,300,000 through September,2009; (iii) we can build brand recognition by marketing our products to fashion conscious consumers, (iv) J.C. Penney can become our biggest customer, (v) we can sustain profitability 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, 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-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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