Signature Eyewear Reports Increased Sales and Earnings in First Quarter

Business Wire, March 12, 2009

LOS ANGELES -- Signature Eyewear, Inc. (OTCBB:SEYE) reported net income of $199,000 ($.03 per share basic and $.02 per shared fully diluted) on net sales of $6.0 million for the quarter ended January 31, 2009. This compares to net income of $150,000 ($.02 per share basic and fully diluted) on net sales of $5.6 million for the quarter ended January 31, 2008.

The 7.3% increase in net sales was due to increased domestic sales, principally of bebe eyewear and Nicole Miller Eyewear. These increases in domestic sales more than offset the continued decline in international sales. The increase in net income was due primarily to higher sales and reductions in interest expense and the allowance for returns.

Gross profit increased $273,000 from the 2008 quarter to the 2009 quarter due to increased sales, while gross margin increased slightly to 64.6% from 64.4% between period. Selling expenses increased $206,000 or 1.1% from the 2008 quarter to the 2009 quarter. During the same period, general and administrative expenses increased $35,000, resulting in a 1.1% decrease in these expenses as a percentage of sales.

Michael Prince, Chief Executive Officer of Signature, stated, “We are continuing to emphasize our value-priced products, particularly with the recent introduction of Michael Stars Eyewear and our expanded Signature Collection. We believe our excellent results in the quarter reflect the consumer-friendly price structure of our lines.”

About Signature Eyewear

Signature Eyewear is a leading designer and marketer of prescription eyeglass frames and sunglasses under internationally-recognized brand names, including bebe eyewear, Cutter & Buck Eyewear, Carmen Marc Valvo Eyewear, Dakota Smith Eyewear, Hart Schaffner Marx Eyewear, Hummer Eyegear, Laura Ashley Eyewear, Michael Stars Eyewear and Nicole Miller Eyewear. Signature Eyewear's products are sold worldwide to opticians, optometrists and ophthalmologists and to optical and retail chains. For information about Signature Eyewear, visit the Company's website at http://www.seye.com.

The above news release contains forward-looking statements. These statements are based on assumptions that management believes are reasonable based on currently available information, and include statements regarding the intent, belief or current expectations of the Company and its management. Readers are cautioned that any such forward-looking statements are not guarantees of future performance, and are subject to a wide range of business risks, external factors and uncertainties, including increasing market interest rates. Actual results may differ materially from those indicated by such forward-looking statements. For additional information, please consult the Company’s most recent public filings and Form 10-K for the year ended October 31, 2008. The Company assumes no obligation to update the information contained in this press release, whether as a result of new information, future events or otherwise.