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Toxic Avenger

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Toxic Avenger

Re: Penny Stocks 2.0 post# 230

Monday, 06/13/2016 1:43:46 PM

Monday, June 13, 2016 1:43:46 PM

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New York, NY, June 13, 2016 -- Hampshire Group, Limited (OTC Markets: HAMP) (“Hampshire” or “the Company”), updating its May 23, 2016 SEC filing on Form 8-K regarding its credit agreement, today announced that the Company to date has not secured a new credit facility to replace its previous agreement with its lender. Additionally, the Company’s lender has declined to extend the forbearance and maturity date beyond June 3, 2016; accordingly, Hampshire currently is in default of the credit agreement.

Hampshire continues to explore various alternatives, including an orderly wind down of its operations. Management plans to provide further updates on Hampshire’s situation as new information becomes available.

“No one in this world, so far as I know — and I have searched the records for years, and employed agents to help me — has ever lost money by underestimating the intelligence of the great masses of the plain people"
H.L. Mencken

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