Swank, Inc. Announces Matter to be Addressed at Previously Announced Nasdaq Listing Hearing

[And Filing of Form 10-K for Fiscal 2000]



Apr 30, 2001, 01:00 ET from Swank, Inc.

    ATTLEBORO, Mass., April 30 /PRNewswire/ -- SWANK, INC., (Nasdaq:   SNKI)
 announced today that it has received notice from Nasdaq indicating that Swank
 was not in compliance with Nasdaq's requirement for continued listing of its
 shares of Common Stock on the Nasdaq SmallCap Market due to a delinquency in
 the filing of its Form 10-K for fiscal 2000.  The Company previously announced
 that has been granted a hearing before a Nasdaq Listing Qualifications Panel
 on May 10, 2001 to review the potential delisting of its Common Stock.  The
 Company has been advised that the Form 10-K filing will be considered by the
 Panel at the hearing.
     There is no assurance that the Qualifications Panel will grant the
 Company's request for continued listing on the Nasdaq SmallCap Market.
 Regardless of the outcome, however, Swank expects its Common Stock will
 continue to be publicly traded.  If the Common Stock is not traded on the
 Nasdaq SmallCap Market, the Company expects it would be traded in the over-
 the-counter market.
     Swank manufactures and markets men's and women's jewelry, belts and
 personal leather goods.  The Company distributes its products to retail
 outlets throughout the United States and in numerous foreign countries. These
 products, which are known throughout the world, are distributed under the
 names "Kenneth Cole", "DKNY", "Claiborne", "Tommy Hilfiger", "Guess?", "Anne
 Klein", "Anne Klein II", "Geoffrey Beene", "John Henry ", "Pierre Cardin",
 "Colours by Alexander Julian", and "Swank".  Swank also manufactures jewelry
 and leather items for distribution under private labels.
     This press release contains forward-looking statements which are based
 upon current expectations and involve certain risks and uncertainties.  Under
 the safe harbor provisions of the Private Securities Litigation Reform Act of
 1995, readers should note that these statements may be impacted by, and the
 Company's actual performance and results may vary as a result of, a number of
 factors, including general economic and business conditions, competition in
 the men's and women's accessories and jewelry markets, continuing sales
 trends, pricing and consumer preferences.
 
      Contact:
      Jerold R. Kassner
      Swank, Inc.
      Attleboro, MA 02703
      (508) 222-3400
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X13634122
 
 

SOURCE Swank, Inc.
    ATTLEBORO, Mass., April 30 /PRNewswire/ -- SWANK, INC., (Nasdaq:   SNKI)
 announced today that it has received notice from Nasdaq indicating that Swank
 was not in compliance with Nasdaq's requirement for continued listing of its
 shares of Common Stock on the Nasdaq SmallCap Market due to a delinquency in
 the filing of its Form 10-K for fiscal 2000.  The Company previously announced
 that has been granted a hearing before a Nasdaq Listing Qualifications Panel
 on May 10, 2001 to review the potential delisting of its Common Stock.  The
 Company has been advised that the Form 10-K filing will be considered by the
 Panel at the hearing.
     There is no assurance that the Qualifications Panel will grant the
 Company's request for continued listing on the Nasdaq SmallCap Market.
 Regardless of the outcome, however, Swank expects its Common Stock will
 continue to be publicly traded.  If the Common Stock is not traded on the
 Nasdaq SmallCap Market, the Company expects it would be traded in the over-
 the-counter market.
     Swank manufactures and markets men's and women's jewelry, belts and
 personal leather goods.  The Company distributes its products to retail
 outlets throughout the United States and in numerous foreign countries. These
 products, which are known throughout the world, are distributed under the
 names "Kenneth Cole", "DKNY", "Claiborne", "Tommy Hilfiger", "Guess?", "Anne
 Klein", "Anne Klein II", "Geoffrey Beene", "John Henry ", "Pierre Cardin",
 "Colours by Alexander Julian", and "Swank".  Swank also manufactures jewelry
 and leather items for distribution under private labels.
     This press release contains forward-looking statements which are based
 upon current expectations and involve certain risks and uncertainties.  Under
 the safe harbor provisions of the Private Securities Litigation Reform Act of
 1995, readers should note that these statements may be impacted by, and the
 Company's actual performance and results may vary as a result of, a number of
 factors, including general economic and business conditions, competition in
 the men's and women's accessories and jewelry markets, continuing sales
 trends, pricing and consumer preferences.
 
      Contact:
      Jerold R. Kassner
      Swank, Inc.
      Attleboro, MA 02703
      (508) 222-3400
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X13634122
 
 SOURCE  Swank, Inc.