Gatorz Inc.
TSX VENTURE : GTZ

Gatorz Inc.

November 28, 2008 16:00 ET

Gatorz Inc. Reports Its Third Quarter Results for 2008

Year to date revenue increases 15.9% year over year

OAKVILLE, ONTARIO--(Marketwire - Nov. 28, 2008) - Gatorz Inc. ("Gatorz") (TSX VENTURE:GTZ) today reported its third quarter results for the period ending September 30, 2008. A complete copy of the financial statements along with the MD&A can be viewed at www.sedar.com.

Highlights:

- Overall revenue for the quarter increased 9.3% to $548,625 and year to date revenue increased 15.9% to $1,625,664;

- International sales for the quarter increased 123% versus the same period last year;

- Gross Profit decreased 19.5% from 47.2% at year end to 25.75% for Q3, due to an adjustment to the physical count taken in mid September, without this non- recurring adjustment Gross Profit would be 45.6% for Q3 and 45.3% for year to date;

- Net loss for the quarter increased $30,751 to ($305,685);

- Loss per share decreased year over year from $0.02 to $0.01.

Kerry Lynch, CEO of Gatorz, stated "This quarter marks the fourth quarter in a row in which Gatorz's revenue increased. We continue to execute our strategic plan and focus on growing revenue in Q4 and 2009, from non-traditional retail sales channels in this very challenging retail environment."

Outlook

As we mentioned in our second quarter report, the recession in the United States which is mirrored in other geographic regions that Gatorz sells products into, continues to dramatically affect consumer spending in many sectors including those that Gatorz operates and sells into.

Despite this economic downturn Gatorz sales are continuing to grow albeit at a slower rate than what management expected.

Gatorz is continuing its process of discussions with major global brands concerning potential strategic alliances and the company is always exploring its strategic alternatives.

About Gatorz

Gatorz Inc. (www.gatorz.com) designs and distributes aircraft aluminium and hand made acetate action performance eyewear, including sunglasses and accessories targeted to the Motorsports, Outdoors (hunting, fishing and boating), Travel Retail and Security/Military markets. Gatorz eyewear, proudly made in the USA with TruRay® optics, offers superior craftsmanship, performance and ability to customize the frame to your specific facial features.

Gatorz Inc. products are proudly worn by race car drivers Marco and Michael Andretti (IRL), Kurt Busch and Sam Hornish Jr. (NASCAR) as well as other professional and amateur athletes.

Investor Relations Inquiries:

All Gatorz investor relations inquiries should be directed to Mark Di Cristofaro at 905.339-7999 ext.224 or mdicristofaro@gatorz.com.

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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