Gatorz Inc.

Gatorz Inc.

October 06, 2009 16:14 ET

Gatorz Inc. Announces Closing of Private Placement Offering

TORONTO, ONTARIO--(Marketwire - Oct. 6, 2009) - Gatorz Inc. ("Gatorz") (TSX VENTURE:GTZ) is pleased to announce that it has completed a non-brokered private placement offering previously announced on July 31, 2009 and August 25, 2009. Gatorz issued 1,818,880 common shares at CDN $0.25 per share, for aggregate gross proceeds of CDN $454,720 ($406,000 was received in USD and then converted into CDN at the exchange rate of 1.12). The underlying securities will be subject to a four month hold period following closing of the Offering, expiring on February 6, 2010.

The proceeds of the Offering will be used for among other things, debt repayment and for general working capital purposes.

About Gatorz
Gatorz Inc. designs, manufactures, and distributes performance eyewear, including sunglasses crafted from 7075 billet aluminum and from acetate. Gatorz precision built aluminum eyewear is proudly made in the USA, offering superior craftsmanship, performance and durability. Gatorz proprietary technologies include the ability to customize the frame to the wearer's specific facial features. In addition, the Company's lens technology, TruRay Optics, offers a comprehensive assortment of ballistic impact-proof lenses which are 100% UV blocking, optically correct and distortion free. Gatorz distribution markets include motorcycling and other motorsports, skydiving, military, off-road, action sports, hunting & fishing, and others.

Gatorz products are proudly worn by premier athletes, such as race car drivers Marco and Michael Andretti, Kurt Busch and Sam Hornish Jr., top U.S bike builders and the famous Golden Knights parachute team.

Certain information in this press release may contain forward-looking statements. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. The risks going forward remain adding production capacity and the ability to meet this demand, controlling costs and sourcing ongoing funds to meet increased growth targets. Gatorz is also subject to the general economic conditions in the domestic and international markets it operates in. Gatorz Inc. assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to Gatorz Inc.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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