Gatorz Inc.
TSX VENTURE : GTZ

Gatorz Inc.

May 28, 2009 11:43 ET

Gatorz Inc. Reports Its First Quarter Results for 2009

OAKVILLE, ONTARIO--(Marketwire - May 28, 2009) - Gatorz Inc. ("Gatorz") (TSX VENTURE:GTZ) today reported its first quarter results for the period ending March 31, 2009.

Strategic Alternatives

The Board of Directors set up a special committee on March 23, 2009 to generate and evaluate strategic alternatives for the Company. There are two viable alternatives being aggressively pursued by the Company.

The Company is in default of some contractual obligations and loans and is operating under informal forbearance agreement with a few of the creditors pending the outcome of the strategic alternative process.

Operational Highlights:

- Revenues decreased by 19.8% to $333,695;

- International & Travel Retail revenues decreased by $34,589 and $90,300, respectively over the same period last year;

- Domestic and Internet sales increased by $42,508

- Net loss for the period was $134,052, an improvement of $45,097 over the same period last year;

- Gross profit increased to 50.6%;

- Operating expenses decreased by $62,168 over the same period last year;

Kerry Lynch, CEO of Gatorz, stated "The Company is still feeling the effects of the downturn in the retail environment in the United States and Europe. We are focusing on closing the strategic alternatives process".

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 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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