Joe's Jeans Requests and Receives Additional 180 Day Grace Period From Nasdaq

Joe's Jeans Inc.

announced today that the Company received notification from The Nasdaq Stock Market indicating that the Company will have an additional 180 day grace period to regain compliance with Nasdaq's $1.00 minimum bid price requirement. Marc Crossman, President and CEO, stated, "We are pleased that we were able to receive this additional 180 day compliance period. During this period, we expect to release our 4th Quarter 2011 earnings report and articulate our growth strategy for 2012. We will also release our 1st Quarter 2012 earnings report." Crossman continued, "This grace period gives us time to increase our valuation through positive operating results in order to justify our stock trading above the $1.00 threshold for the required period."