SOURCE: Jeantex Group, Inc.

March 17, 2006 13:57 ET

Jeantex Group Provides Important Corporate Update to Investment Community

LOS ANGELES, CA -- (MARKET WIRE) -- March 17, 2006 -- Jeantex Group, Inc. (OTC BB: JNTX) today announced a corporate update for the investment community.

Jeantex Group, Inc. (http://www.jeantexgroup.com), through its wholly owned subsidiary Jeantex, Inc., a Los Angeles-based company, engages in the design, development, manufacturing, and marketing of consumer products for the apparel markets worldwide.

The Company manufactures and markets new lines of uniquely designed premium jeans, T-Shirts, and accessories under the "Bone People" (www.bonepeople.org) trademark and is a majority owner of Yves Castaldi Corp. (http://www.yvescastaldi.com), which designs high-end fashion collections under the 'Just Yves,' 'I Generation,' 'Instinct Yves,' and 'Yves Castaldi Raw Denim' brands.

Recently, the Company has partnered with Michael Cassel, founder of the "VON DUTCH" clothing brand to launch an innovative line under the name "LSD" (Leather Silver Denim).

The Company has designed a four-pronged business model that can potentially yield long term rewards with relatively diversified revenue streams, which include:

1. Private Label Manufacturing -- With over 20 years of design and manufacturing experience, Jeantex, Inc. continues to be a leader in providing full packaging services to prominent private label brands to include Karen Kane, Limited Express, Country Girl (licensed by John Deere) and Blue Cult. Jeantex is able to produce over 40,000 pieces on a monthly basis. This sector of the business produces healthy profit margins of 35%+.

2. Branded Fashion -- At the forefront of fashion, Jeantex carries prominent brands under the Yves Castaldi Corporation and the Bone People trademark, including the new LSD line with Michael Cassel and others to be added in the near future. This sector of the business produces healthy profit margins of 50%+ and is forecasted to represent 65% of gross revenues in 2006.

3. Strategic acquisitions -- The Company has investigated and begun negotiating to acquire several target companies in the US and abroad to increase both critical mass and profitability.

4. Auxiliary Denim Services: including sewing, embroidery, washing, baking, tucking, and etc.

Jeantex Group believes what makes it unique is a combination of some salient factors that come from our strategy:

--  A solid manufacturing platform, with over 20 years experience;
--  Branded fashions with over three decades of experience and
    international recognition;
--  Auxiliary services can be a highly stable profit center;
--  Prudent acquisitions of established targets in the US and Asia,
    especially Vietnam, that   will quickly increase critical mass and
    profitability;
--  The Company has closed a $10 Million funding from an institutional
    investor to execute its business plan.
    
In the next three to six months, investors should expect to see an increase of private label capacity and branded business, new strategic alliance, expansion of auxiliary denim services in the US, and selective acquisitions in both private label operations and branded business. The Company believes these activities will bring revenues and profitability that help it qualify for listing on NASDAQ Small Cap or American Stock Exchange in twelve to eighteen months, if not sooner.

For more information, please visit our websites at www.jeantexgroup.com, www.yvescastaldi.com.

SAFE HAROBOR: This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. Such forward-looking statements are made based upon management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995.

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