ACCESSORY NETWORK GROUP LLC TO ACQUIRE YAK PAK, INC.

NEW YORK (APRIL 2011) – Accessory Network Group LLC (“ANG”), a privately held, diversified prestige handbag and accessories company, announced today that it signed a contract to acquire Yak Pak, Inc.  Yak Pak, founded in 1989, is a fashion bag company which sells backpacks, messenger bags, and casual accessories for the teen and college consumer.“Yak Pak is an iconic brand with a very clear DNA that has untapped potential,” said Abe Chehebar, CEO of Accessory Network Group.  “Steve Holt and his team have a very keen understanding of the Yak Pak consumer and continue to excite him/her with