N@N

My Vintage Baby Makes Announcement

^{Published on 2010-12-24 12:35:18 - Market Wire}
 

MCKINNEY, Texas--([ BUSINESS WIRE ])--My Vintage Baby, Inc. (Pink Sheets: MVBY), a public childrena™s apparel company, announced today that its assets have been foreclosed upon by the senior secured lender.

"a piece of yesterday for the hip child of today."

My Vintage Baby, Inc. (MVBY) a Florida Corporation has spent months trying to move past the issues associated with and surrounding an SEC investigation. The investigation involved a firm who advised and led My Vintage Baby, Inc. to acquire the public shell corporation MVBY, and move into the Pink Sheet markets. These issues ultimately led to a freeze by the DTC on the MVBY stock.

With a freeze to the stock and the SEC investigation surrounding the past advisors, My Vintage Baby, Inc. has been unable to raise the necessary capital to continue normal operations and fulfill the companya™s obligations.

On or about November 9, 2010, My Vintage Baby, Inc., received notice of default from its largest secured lender, Agile Opportunity Fund, LLC, and their intent to accelerate and foreclose on their loan to My Vintage Baby, Inc.

My Vintage Baby, Inc.a™s Class aAa shareholders met in an emergency meeting to explore possible remedies to resolve the indebtedness, including but not limited to pursuing all possible legal avenues to prevent the foreclosure of the loan on the assets of the company. It was determined that there were no viable solutions within the time frame allowed to cure this default and secure the capital required to produce a new line of merchandise which would enable the company to continue operations. The class aAa shareholders therefore agreed to a peaceful transfer of the assets of My Vintage Baby, Inc. to Agile Opportunity Fund LLC, in lieu of the foreclosure and the termination of the company.

Accordingly, effective November 16, 2010, all assets of My Vintage Baby, Inc. were surrendered to Agile Opportunity Fund LLC.

For additional information, please contact us at [ invest@myvintagebaby.com ].

ABOUT MY VINTAGE BABY: My Vintage Baby is recognized as aa piece of yesterday for the hip child of today.a Visit My Vintage Babya™s website and click on the Shop MVBD tab for select childrena™s wear and accessories. This press release contains "forward-looking statements," which are statements related to future, not past, events. These forward-looking statements often include statements regarding our goals, plans, projections and guidance regarding our financial position, results of operations, market position, pending and potential business strategies, and often contain words such as "expects," "anticipates," "intends," "plans," "believes," or "seeks." Any such forward-looking statements are not assurances of future performance and involve risks and uncertainties that may cause results to differ materially from those set forth in these statements. These risks and uncertainties include, among other things, (a) general economic and business conditions, (b) the level of strategic partner incentives, (c) the future regulatory environment, (d) our cost of financing, (e) our ability to retain key personnel. These factors, as well as additional factors, could affect our forward looking statements. We urge you to carefully consider this information. We undertake no duty to update our forward-looking statements, including our earnings outlook.