Gatorz Inc.

Gatorz Inc.

October 20, 2009 10:20 ET

Gatorz Inc. Announces New Control Person

OAKVILLE, ONTARIO--(Marketwire - Oct. 20, 2009) - Gatorz Inc. ("Gatorz" or "Company") (TSX VENTURE:GTZ) today announced pursuant to the previously announced press release on September 23, 2009, No Fear Retail, Inc. ("No Fear Retail") will become a control person as defined by TSX Venture Policy. No Fear Retail will hold 16.72% (7,500,000 common shares) of the issued and outstanding shares in Gatorz Inc. As part of the share exchange agreement with Gatorz, No Fear Retail can elect a person to sit on the Board of Directors for Gatorz Inc. This transaction is subject to disinterested shareholder approval by way of written consent. This transaction is subject to TSX Venture approval.

After the close of this transaction, No Fear Retail plans to elect Boris Said to the Board of Directors.

About No Fear Retail

No Fear Retail Stores, Inc. ( is a retailer of action sports and casual lifestyle apparel and accessories targeting young adults and teens. No Fear Retail sells a broad range of apparel and accessories, primarily under the No Fear and So Cal brands, including t-shirts, jackets, sweatshirts, jeans, walk shorts, board shorts, bags and watches. In addition to these proprietary brands, the company sells apparel and accessories consistent with its lifestyle focus from leading brands including FMF, Metal Mulisha, Spy Optic and SRH. No Fear Retail currently operates 53 retail stores in six states predominately in the south western United States, with a majority of stores in California. No Fear Retail, which is a privately-held California corporation, generated revenues of USD $40.2 million in its fiscal year ending August 2008. Mark Simo, CEO of No Fear Retail, founded and led the early growth of Orange 21, a NASDAQ listed company that designs, manufactures and distributes Spy Optic sunglasses. Mark possesses over 15 years of experience in the optical market and, in addition, was instrumental in establishing numerous iconic brands including, in addition to Spy Optic and No Fear, Bad Boy Club and Life's A Beach.

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.

Completion of the transaction is subject to a number of conditions, including but not limited to, TSXV acceptance. There can be no assurance that the transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the filing statement to be prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon.

This document may contain forward-looking statements, relating to Gatorz's operations or to the environment in which it operates, which are based on its operations, estimates, forecasts and projections. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict and/or are beyond Gatorz's control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Factors that may cause such differences include, but are not limited to, Gatorz's lack of operating profits, its dependence on key personnel, general economic conditions and other external events that may impact on consumer spending, competition from other companies. Consequently, readers should not place any undue reliance on such forward-looking statements. Gatorz disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The closing of the proposed transaction could be delayed if Gatorz is not able to obtain the necessary regulatory approvals on the timelines it has planned. The proposed transaction will not be completed at all if these approvals are not obtained or some other condition to the closings is not satisfied. Accordingly, there is a risk the proposed transaction will not be completed within the anticipated time or at all. Additional information identifying risks and uncertainties is contained in the Corporation's filings with the Canadian securities regulators, which filings are available at

This is not an offer for sale, or solicitation of an offer to buy, in the United States or to any U.S. Person (as defined in Regulation S under the U.S. Securities Act of 1933, as amended) of any equity shares or any other securities of the Corporation or Gatorz.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

Contact Information