JACLYN, INC. ANNOUNCES TERMINATION OF PURCHASE AND SALE AGREEMENT FOR FORMER OFFICE AND WAREHOUSE FACILITY

Termination Agreement

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JACLYN INC | Jaclyn, Inc

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Title: JACLYN, INC. ANNOUNCES TERMINATION OF PURCHASE AND SALE AGREEMENT FOR FORMER OFFICE AND WAREHOUSE FACILITY
Date: 12/13/2007
Industry: Apparel/Accessories Sector: Consumer Cyclical

JACLYN, INC. ANNOUNCES TERMINATION OF PURCHASE AND SALE AGREEMENT FOR FORMER OFFICE AND WAREHOUSE FACILITY, Parties: jaclyn inc , jaclyn inc

Exhibit 99.01

NEWS

	Company Contact: Anthony Christon
	Chief Financial Officer
	Jaclyn, Inc.
	(201) 909-6000

JACLYN, INC. ANNOUNCES TERMINATION OF
PURCHASE AND SALE AGREEMENT FOR

FORMER OFFICE AND WAREHOUSE FACILITY

FOR IMMEDIATE RELEASE

West New York, NJ, December 12, 2007....................Jaclyn, Inc. (AMEX:JLN) today announced the termination of a purchase and sale agreement it previously entered into relating to the Company’s former executive offices and warehouse facility, as well as two adjacent lots, located in West New York, New Jersey.

In June 2007, the Company announced it had entered into a purchase and sale agreement to sell its former executive offices and warehouse facility, as well as two adjacent lots, located in West New York, New Jersey. The closing under the purchase and sale agreement was contingent on the proposed purchaser&r

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