StonePoint Global Brands Inc.
TSX VENTURE : SPG

StonePoint Global Brands Inc.

November 23, 2009 12:41 ET

StonePoint Announces $2,500,000 Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 23, 2009) - StonePoint Global Brands Inc. (TSX VENTURE:SPG), the "Company", announced its intention to undertake, subject to regulatory approval, a brokered private placement of up to 10,000,000 common shares at a price of $0.25 per share for gross proceeds of up to $2,500,000 (Cdn). An agreement has been reached with Canaccord Capital Corporation, to act as an Agent on a best efforts basis. For brokered funds received, Canaccord will be paid a commission payable in cash and Broker Warrants.

Finders' fees may be paid according to TSX guidelines. The shares issued under this financing will be subject to a hold period of four months plus one day from the date of closing of the offering. The proceeds will be used for the financing of purchase orders, general working capital and new business development purposes.

About StonePoint Global Brands Inc.
StonePoint delivers custom branded solutions across multiple consumer product categories. Through comprehensive quality control, best of class branding and innovative product development, StonePoint drives new revenue and brand equity for its hotel clients and international partners. Management is committed to creating value for its shareholders while maintaining the highest of ethical standards. StonePoint currently trades on the TSX Venture Exchange under the symbol "SPG".

Cautionary Statements on Forward-Looking Information.

The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the Company.

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

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