Orange 21 Appoints Board Member

On Oct. 25, 2010, Orange 21 Inc., the parent of Spy Optic, appointed Gregory Andrews to the board of directors. Andrews is currently the chief financial officer of Ramco-Gershenson
Properties Trust, a publicly traded real estate investment trust listed
on the New York Stock Exchange.

In connection with his appointment, Andrews was appointed to the audit committee of the board of directors. Prior to his appointment to the board, Andrews did not have any related party transaction or material relationship with the company. Andrews does not have any family relationships with any of the company's other directors or officers.

Prior to joining Ramco-Gershenson in 2010, Andrews served as chief financial officer of Equity One, Inc. from 2006 to 2009. From 1997 to 2006, Andrews was a principal at Green Street Advisors, Inc., an investment research and advisory firm. Andrews also previously served as vice president in the corporate (Hong Kong) and commercial real estate (U.S.) divisions of Bank of America and as an analyst at First Interstate Bank of California. 

Orange 21 Appoints Board Member

Orange 21 Inc., the parent of Spy Optic, appointed Seth W. Hamot to its Board of Directors. Hamot has served as Managing Member of Roark, Rearden & Hamot Capital Management, LLC (“RRHCM”) since 1997 and was the owner of its corporate predecessor, Roark, Rearden & Hamot, Inc. RRHCM is the investment manager to Costa Brava Partnership III L.P. (“Costa Brava”), an investment fund, whose principal business is to make investments in, buy, sell, hold, pledge and assign securities.

Hamot is also President of Roark, Rearden & Hamot Capital Management, LLC, the general partner of Costa Brava. Prior to 1997, Mr. Hamot was one of the partners of the Actionvest entities. Mr. Hamot is currently on the board of directors, audit committee and compensation committee of CCA Industries, Inc., an AMEX listed manufacturer of health and beauty aids, and on the board of directors of Telos Corporation, a networking and security products and services provider. Hamot graduated from Princeton University in 1983 with a degree in Economics.

Prior to the company’s currently pending rights offering, Costa Brava and its affiliates owned approximately 19.8% of the Company’s outstanding common stock. Costa Brava participated in the rights offering up to its full pro rata share purchasing an additional 1,622,271 shares of the Company’s common stock.

Stone Douglass, the company’s chief executive officer and chairman, said, “We are delighted that Seth has agreed to bring his broad experience to the Board and look forward to working with him as we continue our turnaround efforts.” Ted Roth, chairman of the Nominating and Corporate Governance Committee of the Board, commented further, “We are excited to be working with Seth and believe he will be a great asset to the Company and our shareholders as we continue our efforts to build shareholder value.”

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