Xcel Brands, Inc. (XELB)

[slazenger7]

That is the wrong phone number. I just called and talked to Seth Burroughs. His new number is 347-532-5894. They changed the phone number and have the old numbers forwarded to that number. The old number I had, 646-330-5851 forwards to the new number. I think the number you used is a general office building number and it does not forward.

I asked him about the trading or lack of it. He said there is only about 140,000 shares in the float right now and no one wants to sell yet. They are working on the small float problem as we speak and are going through the SEC process of registering shares from Isaac Mizrah to increase the float. He also said that they have been advised not to take on just any Market Makers (besides NITE) to trade the stock. They have relationships with some solid banking institutions such as Goldman Sachs, and want certain Market Makers to trade the stock, not just the usual bulletin board MM's. He said it may take one or two quarters to get everything worked out.

Only thing to do now is to hold our stock and see what transpires over the next few months.

New number again for Seth Burroughs - 347-532-5894