PNGB Panglobal Brands Inc (CE)

Panglobal Brands Inc. (the “Company”) (OTCBB:PNGBE) announced today that its shares may be delisted from the Over the Counter Bulletin Board quotation system. The delisting is pursuant to a notice that it is ineligible for continued listing due to late periodic filings three times in the past 24 months. The Company has appealed the ruling and has a hearing scheduled for Friday March 12, 2010.

If the Company’s common stock is delisted, it will continue to be available for trading under the ticker symbol of PNGB on the Nasdaq Pink Sheets at http://www.otcmarkets.com/pink/quote/quote.jsp?symbol=ispg.pk

The Company remains a reporting issuer and its periodic reports are filed on the SEC’s EDGAR system at http://www.sec.gov/edgar/searchedgar/webusers.htm

If delisted, the Company expects to reapply for a listing on the OTCBB when it becomes eligible to do so in 12 months.

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 and Crafty Couture, which are aimed at the teen and junior markets and features mix and match knits; 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 high-value products 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 we could be delisted from the Over the Counter Bulletin Board quotation system, that our stock common stock will continue to be available for trading under the ticker symbol of PNGB or PNGBE on the Nasdaq Pink Sheets, that we expect to reapply for a listing on the OTCBB when we becomes eligible to do so in 12 months and that we will continue to develop our brands and products.

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. In addition, we may not be able to file our periodic reports because of lack of resources or other unforeseen problems. 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.

Panglobal Brands (CE) (USOTC:PNGB)
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Panglobal Brands (CE) (USOTC:PNGB)
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