JLM Couture, Inc. Reports Results for Fiscal 2004

Business Wire, Feb 15, 2005

NEW YORK -- The headline should read xxx Fiscal 2004 (sted Fiscal 2003).

The corrected release reads:

JLM COUTURE, INC. REPORTS RESULTS FOR FISCAL 2004

JLM Couture, Inc. (NASDAQ: JLMC), a designer, manufacturer and marketer of wedding apparel, today said that for the fiscal year ended October 31, 2004, the company had revenues of $ 24,588,977 an 8 percent decrease on revenue of $ 26,781,400 reported a year ago. Net income for JLM's fiscal year decreased to $ 367,773, or $ 0.19 per basic share and $ 0.18 per diluted share, as compared to $ 807,752 or $ 0.42 per basic and $ 0.40 diluted share a year ago.

Joseph L. Murphy, president and CEO, said the decline in sales for the fiscal year was a result of lighter traffic at bridal salons throughout the country in the first half of 2004. The company believes that this was due to the uncertainty in the job market and the impact of the ongoing war in Iraq. Earnings declined primarily due to the decline in sales and a weaker gross profit margin, attributable to a change in product mix. The margins were also impacted by increased sample costs associated with the development of new dress collections. Management is making efforts to improve its margins and explore new avenues of sales growth.

Mr. Murphy said he was optimistic about the potential impact of new products the company plans to introduce this year.

JLM Couture, Inc., founded in 1987 and based in New York City, is the nation's only publicly traded manufacturer of wedding apparel. The company's lines include Occasions, its bridesmaids \ social occasions collection and the Occasions' Just Separates collection; Lazaro, a contemporary bridal rendition of the finest in classic European bridal styling; Jim Hjelm a collection of upscale bridal designs offer made from the finest fabrics; and Alvina Valenta, featuring an elegant look in upscale contemporary- classic bridal styling; and Lazaro Ensemble bridesmaids, and the recently launched Alvina Valenta bridesmaids collection.

Consolidated Statement of Income
                          For the Years Ended
                 October 31, 2004 and October 31, 2003

                               October 31,        October 31,
                                  2004               2003

Revenues                      $ 24,588,977      $ 26,781,400

Net Income                    $    367,773      $    807,752

Earnings Per Common Share

  Basic                       $       0.19      $       0.42
  Diluted                     $       0.18      $       0.40

Weighted Average Number of
 Common and Common
 Equivalent Shares
 Outstanding
  Basic                          1,962,644         1,914,392
  Diluted                        2,008,092         1,995,823

This document contains forward- looking statements. There are certain important factors that could cause results to differ materially from those anticipated by the statements made above. Additional information on these and other factors are included in the company's quarterly reports on Form 10-Q, the company's annual report on Form 10-K ended October 30, 2004 and the company's annual report to shareholders.