CYDS Cygne Designs (MM)

Cygne Designs, Inc. (Nasdaq: CYDS) today announced that it has appointed Jay Furrow as the President and Chief Executive Officer of the Company. Bernard Manuel, the Company�s current Chairman, President and Chief Executive Officer, will continue to serve as Chairman of the Company. Additionally, Mr. Furrow will join the Company�s Board of Directors both effective immediately. Manuel commented, �We are extremely pleased to have Jay join the Company. Jay�s extensive background and expertise in the apparel industry will serve the Company well.� Furrow stated, �I look forward to the maximizing the opportunities that I believe exist in Cygne�s future. The Company has the knowledge and the talent to be a premier supplier in the apparel industry and I am excited to be a part of the organization as we move toward achieving this goal.� Furrow has held numerous executive positions within apparel industry including serving as the Chief Executive Officer of Innovo Group, Inc., now known as Joe�s Jeans, Inc. (Nasdaq, JOEZ). Furrow was a founder of the Joe�s Jeans brand and served in numerous executive capacities throughout Joe�s Jeans, Inc�s history. As an inducement to Mr. Furrow to join Cygne, the Company has granted him a fully vested 10-year option to purchase one million shares of the Company's common stock at a price of $0.30 per share. Cygne Designs, Inc. is a designer, merchandiser, manufacturer and distributor of branded and private label women�s denim, casual and career apparel with sales to retailers located in the United States. Statements contained in this press release, which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. All forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from those projected. Such risks and uncertainties are discussed more fully in the Company�s filings with the Securities and Exchange Commission.