Marc Crossman, Chief Executive Officer and Director, stated, "We are extremely pleased with the results of our 2007 annual shareholders meeting, and are further pleased with the number of shareholders who voted for the proposals presented at the meeting."
"In particular, the approvals to enter into the merger to acquire the Joe's brand and to change the corporate name to Joe's Jeans Inc. represent a significant transformation of our Company going forward as we continue our initiative to expand Joe's into a full lifestyle brand."
"As of Monday, October 15, 2007, our new ticker symbol on the Nasdaq stock market will be JOEZ. Additionally, we anticipate closing on the approved merger within the coming days, and are truly excited to continue our growth in order to bring long-term value to our shareholders."