Signature Eyewear Reports 15th Consecutive Profitable Quarter

Signature Eyewear, Inc. (OTCBB:SEYE) reported net income of $155,000 on net sales of $5.9 million for the quarter ended July 31, 2009 and net income of $570,000 on net sales of $18 million for the nine months ended July 31, 2009. This compares to net income of $176,000 on net sales of $6.4 million for the quarter ended July 31, 2008 and net income of $538,000 on net sales of $18.6 million for the nine months ended July 31, 2008.

“We have maintained net income at close to 2008 levels despite declining net sales through continued cost-cutting measures and lower interest expense,” explained Michael Prince, Signature Eyewear’s CEO. “Net sales have declined due to the deepening global recession, which has materially impacted our international sales. Domestic sales have remained relatively level primarily through the growing popularity of our largest line, bebe eyewear, and our Dakota Smith Eyewear line, and the addition of Carmen Marc Valvo Eyewear and Michael Stars Eyewear,” he added.

“We have continued our efforts to improve our balance sheet during this recessionary period. We have reduced inventory from $5.6 million at October 31, 2008 to $4.4 million at July 31, 2009 while reducing our accounts payable and accrued expenses by $1.2 million. Total debt has decreased by $367,000 in fiscal 2009, from $4.9 million at October 31, 2008 to $4.5 million at July 31, 2009,” Prince concluded.

Operating expenses declined approximately $201,000 from the third quarter of 2008 compared to the third quarter of 2009 and approximately $302,000 from the first nine months of 2008 compared to the first nine months of 2009.

Interest expense, net, decreased $13,000 in the third quarter of 2009 and $61,000 in the 2009 nine months primarily due to lower outstanding borrowings and reductions in the interest rate on the company’s revolving line of credit.

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, Dakota Smith, 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.