Gatorz Inc.
TSX VENTURE : GTZ

Gatorz Inc.

April 30, 2008 16:00 ET

Gatorz Inc. Reports Financial Results for the Fourth Quarter and Fiscal 2007 Year End and New Distribution

TORONTO, ONTARIO--(Marketwire - April 30, 2008) - Gatorz Inc. (TSX VENTURE:GTZ) ("Gatorz") today reported financial results for the fourth quarter and year ended December 31, 2007.

Operational Highlights - Fourth Quarter:

- 74% increase in revenue to $382,955 from $219,739 for the same quarter last year.

- Gross margin for the quarter was $131,395, an increase of $8,267 over the same quarter last year.

- The net loss for the period was $0.01 per share.

- The sale of the former Australian distributor to an operator with 14 years experience in the optical business lead to fourth quarter sales increasing by 42% over the same quarter last year.

Operational Highlights - Year end:

- 3.4% increase in revenue for the year.

- Gross margin decreased by $23,733 from last year due to a one time inventory adjustment.

- Net loss for the year was $0.04 per share.

- Sales to travel retail industry increased by 683% compared to last year.

- While International sales to Europe increased by 21%; sales to Australia decreased 67.9% for the year. The Australian situation has been rectified in the fourth quarter.

Chief Executive Officer, Kerry Lynch, commented: "Last year was one of transition from a private company to a public company. We laid the ground work for both our governance and growth objectives to be met in 2008".

"Gatorz made extremely positive inroads with the Travel Retail Channel and the Airline Sector in 2007. This is a highly competitive sector to penetrate and Gatorz has succeeded in establishing its brand with American Airlines and Delta Airlines during the year". He continued, "We are proud that not only have
both airlines continued to re-order through 2008. More importantly, we have added two additional airlines, Air Canada and Continental Airlines to the program".

Fiscal 2008 Outlook:

The impressive results from the fourth quarter of 2007 were obtained in the face of it being traditionally the slowest time of the year (fourth and first quarters) for the sunglass industry, in the midst of a downturn in the U.S. economy.

We also have two announcements to make at this time. We have signed a distribution agreement with Looks Direct Limited, for the U.K. market. This is a very good fit with the existing European coverage Gatorz has with another distribution partner and we are pleased to report that initial orders have exceeded any other new distributor to date.

We have also signed a distribution agreement with Gatorz East Inc. that will market and distribute the Gatorz products in Canada and the east coast of the United States. Geographically Gatorz has been more established on the west coast.

Overall in 2008, we expect that the sales momentum achieved in the fourth quarter of last year will continue through fiscal 2008. We believe that the expansion of our coverage in the travel retail, international and domestic channels, new product introductions including the camouflage line, and a lower cost of manufacturing will grow both top line revenue and bottom line performance.

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.

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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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