TRUA Triumph Apparel Corporation (CE)

Triumph Apparel Corporation (OTC:PK: TRUA), which manufactures and distributes women�s dance apparel and active wear under the name Danskin, announced today that KSL Ventures, LLC had acquired 55% of the Company�s equity and voting stock in connection with a recapitalization of the Company.

KSL Ventures and affiliates will provide enhanced sourcing, manufacturing, distribution and marketing opportunities for Triumph�s well-established Danskin brand, which it licenses from an affiliate of Iconix. Danskin has been the premier supplier of dance apparel and related products as well as women�s active wear and performance wear for many years. The Company is well known and highly regarded for its successful sponsorship of The Danskin Triathlon series of events held across the country and a major supporter of women�s breast cancer research through its Danskin Triathlon activities.

In connection with the recapitalization, all future operations of Triumph will be managed by KSL Ventures, LLC, with the view of returning the Company to profitability. Carol Hochman has agreed to continue her association with the Company through her assumption of the role of Chief Executive Officer of the Company�s Triumph Marketing subsidiary, which will focus on product development, expansion of the Company�s brands and related opportunities. Carol will continue to represent the Company as a board member of the Sporting Goods Manufacturers Association and continue in her role as Chairperson of the American Apparel and Footwear Association.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995. The statements that are not historical facts contained in this press release are forward looking statements that involve a number of known and unknown risks, uncertainties and other factors, all of which are difficult or impossible to predict and many of which are beyond the control of the Company, which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. Such factors include, but are not limited to, uncertainty regarding the results of the Company's acquisition of additional licenses, continued market acceptance of current products and the ability to successfully develop and market new products particularly in light of rapidly changing fashion trends, the impact of supply and manufacturing constraints or difficulties relating to the Company's licensees� dependence on foreign manufacturers and suppliers, uncertainties relating to customer plans and commitments, the ability of licensees to successfully market and sell branded products, competition, uncertainties relating to economic conditions in the markets in which the Company operates, the ability to hire and retain key personnel, the ability to obtain capital if required, the risks of litigation and regulatory proceedings, the risks of uncertainty of trademark protection, the uncertainty of marketing and licensing acquired trademarks and other risks detailed in the Company's SEC filings. The words "believe", "anticipate," "expect", "confident", �project�, provide �guidance� and similar expressions identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward looking statements, which speak only as of the date the statement was made.

Triumph Apparel (CE) (USOTC:TRUA)
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