Gambino Apparel Group, Inc. Enters Japanese Market

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Green Bond	LSE:GBNG	London	Exchange Traded Fund

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Gambino Apparel Group, Inc. Enters Japanese Market

23/05/2006 5:32pm

PR Newswire (US)

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DEERFIELD BEACH, Fla., May 23 /PRNewswire-FirstCall/ -- Gambino Apparel Group, Inc. (OTC Pink Sheets: GBNG) announced today that it had entered into an exclusive license and distribution agreement pending the payment of the initial license fee with Gambino Japan, Inc., a newly formed Japanese distribution company, for use of the Gambino tradename and trademarks in Japan and marketing of Gambino-branded apparel. Under the direction of Jin Eun Ki, Chief Executive Officer, and Yoji "Freddie" Hayakawa, Chief Operating Officer, Gambino Japan, Inc. plans to open up to three Gambino-branded retail boutiques within the next twelve months, as well as distribute the Company's product line to other Japanese retailers. The agreement requires minimum product purchases by Gambino Japan, Inc. of US$3 million during the first year, based on the Company's current wholesale price schedule. "We are proud to be represented in the Japanese market by these distinguished gentlemen and their significant retail network. We look forward to an extremely beneficial mutual relationship in Japan, and we intend work with them to find additional opportunities in other fast-growing Asian markets", said Christopher J. Gambino, Chairman and Chief Executive Officer. 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 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, are subject to the safe harbor created by those rules, including, without limitation, statements regarding potential future plans and objectives of the company, and are 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:/// http://www.gambinoapparel.com/

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