Gatorz Inc.
TSX VENTURE : GTZ

Gatorz Inc.

April 30, 2009 09:36 ET

Gatorz Inc. Reports Financial Results for the Fourth Quarter and Fiscal 2008 Year End

OAKVILLE, ONTARIO--(Marketwire - April 30, 2009) - Gatorz Inc. (TSX VENTURE:GTZ)("Gatorz") today reported financial results for the fourth quarter and year ended December 31, 2008.

Operational Highlights - Fourth Quarter:

- Gross margin for the quarter was $143,164, an increase of $11,769 over the same quarter last year.

- The net loss for the quarter was less than $0.01 per share.

- Revenue decreased by $20,867 to $362,088 from $382,955 from the same quarter last year.

Operational Highlights - Year end:

- 11.3% increase in revenue for the year.

- Gross margin decreased by 9.6% from last year due to a one time inventory adjustment.

- Net loss for the year was $0.03 per share.

- A target cash flow break even budget was put in place at year end.

Chief Executive Officer, Kerry Lynch, commented: "Although we were able to grow revenues 11% year over year, we face an even tougher retail market in 2009. We have reduced expenses and overhead which we feel will place Gatorz in a better position once the retail market rebounds".

Fiscal 2009 Outlook:

- As a direct result of the global economic crisis, travel retail and international sales for Gatorz has hit a wall in the first quarter of 2009. Outlook for travel retail and international sales is very poor for the first half of 2009.

The Company formed a special committee to review strategic alternatives as disclosed in the press release dated March 23, 2009. The committee is made of Jean-Francois Thormann, Mark Alden and Bryan Welsh who are all independent directors of the board. The committee is currently considering three strategic alternatives.

You can view the complete financial statements along with the MD&A at www.sedar.com

About Gatorz

Gatorz Inc. (www.gatorz.com) designs and distributes aircraft aluminum 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 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. 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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