Signature Eyewear Reports Increased Earnings in Second Quarter, 14th Consecutive Profitable Quarter

Business Wire, June 10, 2009

LOS ANGELES -- Signature Eyewear, Inc. (OTCBB:SEYE) reported net income of $216,000 ($.03 per share basic and fully diluted) on net sales of $6.1 million for the quarter ended April 30, 2009. This compares to net income of $212,000 ($.03 per share basic and fully diluted) on net sales of $6.7 million for the quarter ended April 30, 2008. This is the company’s 14th consecutive profitable quarter.

For the six months ended April 30, 2009, compared to the comparable period in fiscal 2008, net income increased to $415,000 from $362,000 while net sales declined slightly to $12.1 million from $12.2 million.

The increase in net income in the fiscal 2009 periods was due primarily to lower operating expenses and a reduction in interest expense. Operating expenses decreased $354,000 from the 2008 quarter to the 2009 quarter and $100,000 between the six-month periods.

The net sales declines were due to the deepening global recession. However, net sales were benefited by the continued increase in net sales of the Company’s largest line, bebe eyewear, and the introduction of Carmen Marc Valvo Eyewear in the Spring of 2008 and Michael Stars Eyewear in the second quarter.

“Expenses are down and earnings are up because we are continuing to contain our costs during a very challenging global economy,” stated Michael Prince, Chief Executive Officer of Signature. “We believe our excellent earnings results in the quarter also reflect the consumer-friendly price structure of our lines and our ability to adapt to the current market conditions. While most companies are not immune from the recession, we are managing our expenses and reducing our inventory and debt in 2009 to combat the tough business environment.”

About Signature Eyewear

Signature Eyewear is a leading designer and marketer of prescription eyeglass frames and sunglasses under internationally recognized brand names, including bebe, Carmen Marc Valvo, Cutter and Buck, Hart Schaffner Marx, Hummer, Laura Ashley, Michael Stars and Nicole Miller. 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.