SOURCE: OmniaLuo, Inc.

December 20, 2007 15:16 ET

OmniaLuo Announces Effectiveness of SB-2 Registration Statement for Resale of Shares by Selling Stockholders

SHENZHEN, CHINA--(Marketwire - December 20, 2007) - OmniaLuo, Inc. ("OmniaLuo" or the "Company"), a China-based company engaged in the business of designing, developing, marketing and distributing fine women's apparel under the name OmniaLuo, announced today that on December 19, 2007, the Securities and Exchange Commission declared effective the Company's registration statement on Form SB-2 relating to resale of up to 12,703,165 shares (including up to 5,704,752 shares issuable upon exercise of common stock purchase warrants) of the Company's common stock, par value $0.01 per share, by certain selling stockholders. The Company was required to register these shares due to commitments it made in connection with the issuance of $6.15 million in equity financing to certain institutional investors and other high net worth individuals.

The resale registration statement, while effective, allows selling stockholders to publicly resell their shares of OmniaLuo common stock, subject to the satisfaction by selling stockholders of the prospectus delivery requirements of the Securities Act of 1933, as amended, in connection with any such resale. The Company's founders and principal stockholders' shares are not included in the resale registration statement.

The Company will not receive any proceeds from any sales by selling stockholders, but will receive the proceeds from the exercise of warrants held by selling stockholders, if exercised.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the Company's securities, nor shall there be any sale of these securities in any state in which offer, solicitation, or sale would be unlawful prior to registration of qualification under the securities laws of any such state.

Additional information with regard to this transaction and related transactions can be found in the Company's Registration Statement on Form SB-2, as filed with the Securities and Exchange Commission on November 7, 2007, as amended by Amendment No.1 thereto, as filed with the Securities and Exchange Commission on December 17, 2007, which can be viewed without charge on the internet at

"Now that our registration statement has been declared effective by the SEC, we look forward to initiating trading on the OTC Bulletin Board," stated Cindy Luo, President and Chairwoman.

About OmniaLuo, Inc.

OmniaLuo, Inc. (, whose primary operating subsidiary is based in China's fashion capital of Shenzhen, is in the business of designing, developing, marketing and distributing fine women's apparel under the brand name OmniaLuo. OmniaLuo's apparel embodies elegance, femininity and sophistication for China's rapidly growing class of urban and affluent female professionals. With its rapid and strategic expansion plan, OmniaLuo plans to increase its retail presence across 29 provinces in China from its current 154 stores to 264 stores by year-end 2008. Under the leadership of Cindy Luo, the Company's founder and award winning chief designer, OmniaLuo is positioned to become the Chinese brand equivalent of Donna Karan or Liz Claiborne.


This news release contains forward-looking statements, including statements that include the words "believes," "expects," "anticipates," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance, or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements. Factors that may affect these forward-looking statements include, among others, our dependency on our chief executive officer, principal stockholder and chief designer, our sensitivity to economic conditions and consumer spending in China, competition in our industry, our ability to effectively manage our growth, our ability to raise capital in the future, changes in China's economic or political situation, and other factors set forth in our Current Report on Form 8-K filed with the United States Securities and Exchange Commission in October 2007 or otherwise set forth from time to time in our other public filings. This news release speaks as of the date first set forth above and the Company assumes no responsibility to update the information included herein for events occurring after the date of this news release.

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