
                                                                      Exhibit 99
                                                                      ----------

                                                              NEWS

                                               Company Contact: Anthony Christon
                                                         Chief Financial Officer
                                                                    Jaclyn, Inc.
                                                                  (201) 868-9400

                 JACLYN REPORTS SECOND QUARTER FINANCIAL RESULTS

                              FOR IMMEDIATE RELEASE
                              ---------------------

West New York, NJ, February 14, 2007.............Jaclyn, Inc. (AMEX:JLN) today
reported financial results for the second quarter ended December 31, 2006.

Net sales for the three-month period ended December 31, 2006 were $47,584,000
compared to $35,514,000 a year earlier. The Company reported second quarter net
earnings of $1,716,000, or $.68 per diluted share, compared to net earnings of
$931,000 in the fiscal 2006 second quarter, or $.37 per diluted share.

Net sales for the six-month period ended December 31, 2006 were $88,208,000
compared to $64,762,000 for the same period last year. Net earnings for the
six-month period ended December 31, 2006 were $2,179,000, or $.86 per diluted
share, compared to net earnings of $1,077,000, or $.42 per diluted share in the
same period last year.

Commenting on the financial results, Allan Ginsburg, Chairman of the Board,
stated that "we are obviously pleased with the substantial increases in net
sales and net earnings for the quarter and year-to-date periods in light of a
challenging and competitive business environment. Net sales increases in our
children's apparel, women's sleepwear, and premium incentive divisions, as well
as in our general handbag business, primarily accounted for the improved
financial results." He added, though, that "our business is subject to
substantial seasonal variations, with our first and second fiscal quarters
typically being among our strongest periods. Favorable financial results for the
first half of our fiscal year do not necessarily translate into similar results
for the second half, which is customarily a slower period for us."

Jaclyn also reported that during the second half of the fiscal year, it expects
to make a final settlement distribution to participants of the Company's pension
plan which, as previously disclosed, was terminated effective January 31, 2006,
and as to which the Company recently received a favorable IRS determination
letter. At the time of settlement, the Company will be required to record a
one-time charge to earnings before income taxes of approximately $3,091,000,
consisting of a final cash payment of approximately $904,000 to fully fund the
pension plan, and a non-cash charge of approximately $2,187,000 consisting of
prepaid pension costs. In addition, due primarily to this one-time charge and
the related loss of certain net operating loss carry-forwards and other tax
benefits, the Company expects a significant increase in its effective tax rate
for fiscal 2007. The combination of the one-time charge and the tax rate
increase is expected to have a material adverse effect on the Company's net
earnings for the 2007 full fiscal year.

Note: This press release may contain forward-looking statements that are being
made pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. The Company's actual performance and results may vary as a
result of a number of risks, uncertainties and other factors, both foreseen and
unforeseen, including general economic and business conditions, competition in

<PAGE>

the accessories and apparel markets, continuing favorable sales patterns,
pricing and consumer buying trends. Additional uncertainty exists for the
potential negative impact any widespread health hazards may have on our business
relative to production in the Far East and other countries in which we operate.


                                    * * * * *

Jaclyn, Inc. is a designer, manufacturer and marketer of apparel, women's
sleepwear, infants' and children's apparel, handbags, premium incentives and
related accessories. Website: jaclyninc.com


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                          JACLYN, INC. AND SUBSIDIARIES

            CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (Unaudited)



                                      Second Quarter               Six Months
                                    Ended December 31,          Ended December 31,
                                 -------------------------   -------------------------
                                    2006          2005          2006          2005
                                 -----------   -----------   -----------   -----------
<S>                              <C>           <C>           <C>           <C>
Net Sales                        $47,584,000   $35,514,000   $88,208,000   $64,762,000


Earnings before income taxes     $ 2,842,000   $ 1,689,000   $ 3,608,000   $ 1,961,000

Net Earnings                     $ 1,716,000   $   931,000   $ 2,179,000   $ 1,077,000

Net Earnings per
    Common Share - Basic         $       .69   $       .38   $       .88   $       .43

Net Earnings per
   Common Share - Diluted        $       .68   $       .37   $       .86   $       .42

Weighted Average Number of
  Shares Outstanding - Diluted     2,541,000     2,550,000     2,544,000     2,594,000

</TABLE>
