Alex and Ani in the Winner’s Circle at the Kentucky Derby Launches New Line of Charm Bangles

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CRANSTON, RI (April 30) – Giovanni Feroce, CEO of Alex and Ani, Inc., today announced that Alex and Ani will unveil a new line of expandable wire charm bangles featuring world-renowned symbols of the Kentucky Derby to coincide with the 138th running of the first jewel in Thoroughbred racing’s Triple Crown. The Kentucky Derby is held annually on the first Saturday in May™ in Louisville, Kentucky at Churchill Downs.

"Vibrant hats, mint juleps, shiny leather saddles, and, most importantly, the magnificent horses bred to run and triumph, invoke the energy of the Kentucky Derby," said Designer Carolyn Rafaelian, Owner and President.

“All of these symbols are featured in the new 3D charms,” Ms. Rafaelian added. “And the horse will take the lead on our main charm.”

Alex and Ani’s philanthropic division, Charity by Design, will be teaming up with Louisville, KY base nonprofit organization, Blessings in a Backpack. Charity by Design partnered with Blessings in a Backpack in January 2012 to launch a cornucopia bangle, in which 20% of sales are donated back to the organization to provide food for underprivileged school children on weekends.

The Kentucky Derby charm bangles and 3D collection will be available in Alex and Ani retail stores, online at www.alexandani.com at the Finish Line Gift Shop at the Kentucky Derby Museum in Louisville, Kentucky and The Churchill Downs Store at Gate 17 beginning May 4th. The eco-friendly, recycled charm bangles are affordably priced beginning at $28 and will be available in two color finishes, Russian Gold and Russian Silver.

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About Alex and Ani

Alex and Ani, Inc. offers eco-friendly, positive energy-infused products that adorn the body, enlighten the mind, and empower the spirit, designed by Carolyn Rafaelian and made in America. Carolyn’s design aesthetic underscores the idea that what is pure and natural is most beautiful. Alex and Ani’s products are entirely designed, sourced, and assembled in America because of Carolyn’s strong belief in the quality and value of the “Made in America” product. Reusing and recycling materials in the creation of her products is an integral part of Carolyn’s mission as an eco-conscious designer. Please visit www.alexandani.com for more information.

About Churchill Downs

Churchill Downs, the world’s most legendary racetrack, has conducted Thoroughbred racing and presented America’s greatest race, the Kentucky Derby, continuously since 1875. Located in Louisville, the flagship racetrack of Churchill Downs Incorporated (NASDAQ: CHDN) also operates Trackside at Churchill Downs, which offers year-round simulcast wagering at the historic track. Churchill Downs will conduct the 138th running of the Kentucky Derby on May 5, 2012, and its Spring Meet is scheduled for April 28-July 1. The track has hosted the Breeders’ Cup World Championships a record eight times. Information about Churchill Downs can be found on the Internet at www.churchilldowns.com.

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Alexandra Zaso

Phone: 212.385.1075

Email: alexandra@alexandani.com

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