Replies to post #665 on Xcel Brands, Inc. (XELB)

[HDOGTX]

List of Purchasers

Purchasers Number of Shares

Scarborough Ltd.
c/o Euroba Management Limited
P.O. Box HM 370
Hamilton, Bermuda HM BX 29,011,258

Beaufort Ventures PLC
c/o Beaufort International Associates Limited
49 Whitehall London SW1A 2BX United Kingdom 26,476,924

Agua Alta Ltd.
c/o TMF (B.V.I.) Ltd.
Mill Mall P.O. Box 964,
Road Town, Tortola, British Virgin Islands 4,832,476

Il Brolo Ltd.
c/o Euroba Management Limited
P.O. Box HM 370
Hamilton, Bermuda HM BX 1,000,000