Market Overview

Banjo & Matilda, Inc. Enters into an Agreement to Acquire Spectrum King LED

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Banjo & Matilda, Inc (OTC:BANJ) ("BANJ") announced today that it has
entered into an agreement to acquire Spectrum King LED ("SKLED"), the
world's premier full spectrum LED grow lighting technology.

"Spectrum King LED has a compelling story to share with the public. We
developed a proven technology that has been very well received and we
believe that this transaction positions the company to maximize
shareholder value, especially with the favourable outlook for the
sectors that we serve. Our transformative suite of cutting-edge LED
solutions are ready for the next level of expansion and accessing the
market should enhance Spectrum King's business model, by accelerating
our production and market expansion," stated Rami Vardi, SKLED's Founder
and CEO.

Further details of the transaction are available in the recently filed
8-K.

About Spectrum King LED

As the premier LED grow light tech company, Spectrum King LED ("SKLED")
specializes in designing, manufacturing and selling full-spectrum LED
grow lights (currently patent pending), for indoor and greenhouse
applications, targeting a number of grow industries.

SKLED's powerful advantages include innovative LED grow lights that are
designed to mimic natural outdoor sunlight to help your plants grow
healthier and yield better harvests, more consistently, with quality and
intensity of light that they are accustomed to from natural sunlight,
and at a lower cost than outdoor growing.

For further information on SKLED, please go to www.spectrumkingled.com

Forward looking Statement

Certain matters discussed in this press release are 'forward-looking
statements' intended to qualify for the safe harbor from liability
established by the Private Securities Litigation Reform Act of 1995. In
particular, the Company's statements regarding trends in the
marketplace, growth in the number of stores that will carry its
products, increases in its sales and financial results, are examples of
forward-looking statements. Forward-looking statements are subject to
numerous risks and uncertainties, including, but not limited to,
economic trends and conditions, trends in the fashion and retail
industries, the acceptance of new product designs, inherent discrepancy
in actual results from estimates, projections and forecasts made by
management and other factors not within the Company's control The
factors discussed herein and expressed from time to time in the
Company's filings with the Securities and Exchange Commission could
cause actual results and developments to be materially different from
those expressed in or implied by forward looking statements made by the
Company. The forward-looking statements contained herein are made only
as of the date of this press release and the Company undertakes no
obligation to publicly update such forward-looking statements to reflect
subsequent events or circumstances.

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