<SUBMISSION>
<ACCESSION-NUMBER>0000910680-07-000889
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>3
<PERIOD>20070927
<ITEMS>2.02
<ITEMS>8.01
<ITEMS>9.01
<FILING-DATE>20070927
<DATE-OF-FILING-DATE-CHANGE>20070927
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>JACLYN INC
<CIK>0000052969
<ASSIGNED-SIC>3100
<IRS-NUMBER>221432053
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>0630
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>001-05863
<FILM-NUMBER>071139493
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>635 59TH STREET
<CITY>WEST NEW YORK
<STATE>NJ
<ZIP>07093
<PHONE>2018689400
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>5801 JEFFERSON STREET
<CITY>WEST NEW YORK
<STATE>NJ
<ZIP>07093
</MAIL-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>f8k092707.htm
<DESCRIPTION>CURRENT REPORT
<TEXT>
<html>
    <head>
        <title></title>
    </head>

    <body>
        <h1 align="center"><font face="Times New Roman, Times, Serif" size="2">UNITED STATES<br>
        SECURITIES AND EXCHANGE COMMISSION<br>
        Washington, D.C. 20549</font></h1>
        <!-- MARKER FORMAT-SHEET="Center Rule" FSL="Default" -->

        <p align="center">_________________</p>
        <!-- MARKER FORMAT-SHEET="Head Major Center Bold" FSL="Default" -->

        <h1 align="center"><font face="Times New Roman, Times, Serif" size="3">FORM 8-K</font></h1>
        <!-- MARKER FORMAT-SHEET="Head Major Center Bold" FSL="Default" -->

        <h1 align="center"><font face="Times New Roman, Times, Serif" size="2">CURRENT REPORT<br>
        Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</font></h1>
        <!-- MARKER FORMAT-SHEET="Head Minor Center" FSL="Default" -->

        <p align="center"><font face="Times New Roman, Times, Serif" size="2">Date of Report (Date
        of earliest event reported): September 27, 2007</font></p>

        <table cellspacing="0" cellpadding="0" width="100%" align="center">
            <tr valign="bottom">
                <th align="center">
                </th>
            </tr>

            <tr valign="top">
                <td align="center" width="100%">
                <font face="Times New Roman, Times, Serif" size="3"><b>JACLYN, INC.</b></font>
                </td>
            </tr>

            <tr valign="top">
                <td align="center"><font face="Times New Roman, Times, Serif" size="2"><i>(Exact
                Name of Registrant as Specified in its Charter)</i></font> </td>
            </tr>
        </table>
        <br>
        <!-- MARKER FORMAT-SHEET="Head Minor Center Bold" FSL="Default" -->

        <h1 align="center"><font face="Times New Roman, Times, Serif" size="2">Commission File No.
        1-5863</font></h1>

        <table cellspacing="0" cellpadding="0" width="100%" align="center">
            <tr valign="bottom">
                <th align="center">
                </th>

                <th align="center">
                </th>
            </tr>

            <tr valign="bottom">
                <td align="center" width="50%">
                <font face="Times New Roman, Times, Serif" size="2"><b>Delaware</b></font></td>

                <td align="center" width="50%">
                <font face="Times New Roman, Times, Serif" size="2"><b>22-1432053</b></font></td>
            </tr>

            <tr valign="bottom">
                <td align="center"><font face="Times New Roman, Times, Serif" size="2"><i>(State or
                other jurisdiction of incorporation)</i></font></td>

                <td align="center"><font face="Times New Roman, Times, Serif" size="2"><i>(IRS
                Employer Identification Number)</i></font></td>
            </tr>
        </table>
        <br>

        <table cellspacing="0" cellpadding="0" width="100%" align="center">
            <tr valign="bottom">
                <th align="center">
                </th>

                <th align="center">
                </th>
            </tr>

            <tr valign="bottom">
                <td align="center" width="50%">
                <font face="Times New Roman, Times, Serif" size="2"><b>197 West Spring Valley
                Avenue</b></font></td>

                <td align="center" width="50%">
                <font face="Times New Roman, Times, Serif" size="2">&nbsp;</font> </td>
            </tr>

            <tr valign="bottom">
                <td align="center"><font face="Times New Roman, Times, Serif" size="2"><b>Maywood,
                New Jersey</b></font></td>

                <td align="center">
                <font face="Times New Roman, Times, Serif" size="2"><b>07607</b></font></td>
            </tr>

            <tr valign="top">
                <td align="center"><font face="Times New Roman, Times, Serif" size="2"><i>(Address
                of Principal Executive Offices)</i></font></td>

                <td align="center"><font face="Times New Roman, Times, Serif" size="2"><i>(Zip
                Code)</i></font></td>
            </tr>

            <tr valign="bottom">
                <td align="center">
                </td>
            </tr>
        </table>
        <br>
        <!-- MARKER FORMAT-SHEET="Head Minor Center" FSL="Default" -->

        <p align="center"><font face="Times New Roman, Times, Serif" size="2"><b>(201)
        909-6000</b><br>
        <i>(Registrant&rsquo;s telephone number, including area code)</i></font></p>

        <table cellspacing="0" cellpadding="0" width="100%" align="center">
            <tr valign="bottom">
                <th align="center">
                </th>
            </tr>

            <tr valign="top">
                <td align="center" width="100%">
                <font face="Times New Roman, Times, Serif" size="2"><b>Not Applicable</b></font>
                </td>
            </tr>

            <tr valign="top">
                <td align="center"><font face="Times New Roman, Times, Serif" size="2"><i>(Former
                Name or Former Address, if Changed Since Last Report)</i></font> </td>
            </tr>
        </table>
        <br>
        <!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->

        <p><font face="Times New Roman, Times, Serif" size="3">Check the appropriate box below if
        the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the
        registrant under any of the following provisions:</font></p>
        <!-- MARKER FORMAT-SHEET="Para Hang" FSL="Default" -->

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="5%">
                <font face="Times New Roman, Times, Serif" size="3"><img height="15" src="ballot.jpg" width="15">
                </font> </td>

                <td><font face="Times New Roman, Times, Serif" size="3">&nbsp;</font> </td>

                <td width="95%"><font face="Times New Roman, Times, Serif" size="3">Written
                communications pursuant to Rule 425 under the Securities Act (17 CFR
                230.425)</font> </td>
            </tr>
        </table>
        <!-- MARKER FORMAT-SHEET="Para Hang" FSL="Default" -->

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="5%">
                <font face="Times New Roman, Times, Serif" size="3"><img height="15" src="ballot.jpg" width="15">
                </font> </td>

                <td><font face="Times New Roman, Times, Serif" size="3">&nbsp;</font> </td>

                <td width="95%"><font face="Times New Roman, Times, Serif" size="3">Soliciting
                material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font>
                </td>
            </tr>
        </table>
        <!-- MARKER FORMAT-SHEET="Para Hang" FSL="Default" -->

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="5%">
                <font face="Times New Roman, Times, Serif" size="2"><img height="15" src="ballot.jpg" width="15">
                </font> </td>

                <td><font face="Times New Roman, Times, Serif" size="3">&nbsp;</font> </td>

                <td width="95%">
                <font face="Times New Roman, Times, Serif" size="3">Pre-commencement communications
                pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font> </td>
            </tr>
        </table>
        <!-- MARKER FORMAT-SHEET="Para Hang" FSL="Default" -->

        <table cellspacing="0" cellpadding="0" width="100%">
            <tr valign="top">
                <td width="5%">
                <font face="Times New Roman, Times, Serif" size="3"><img height="15" src="ballot.jpg" width="15">
                </font> </td>

                <td><font face="Times New Roman, Times, Serif" size="3">&nbsp;</font> </td>

                <td width="95%">
                <font face="Times New Roman, Times, Serif" size="3">Pre-commencement communications
                pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font> </td>
            </tr>
        </table>
        <br>

        <div style="PAGE-BREAK-AFTER: always">
        </div>
        <!-- *************************************************************************** -->
        <!-- MARKER PAGE="sheet: 4; page: 4" -->
        <hr color="gray" noshade size="5">

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify">
        </p>
        <strong>Item 2.02. Results of Operations and Financial Condition.<br>
        </strong>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify">
        &nbsp;</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify">
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On September 27, 2007, Jaclyn,
        Inc. (the "<u>Company</u>") issued a press release (the &ldquo;<u>Press Release</u>&rdquo;)
        announcing, among other things, its financial results for its fiscal year ended June 30,
        2007. A copy of the Press Release is attached to this Current Report on Form 8-K as Exhibit
        99 and is incorporated by reference herein.</p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify">
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The information contained in
        this Current Report on Form 8-K, including the exhibits hereto and the information
        contained therein, is being furnished to the Securities and Exchange Commission, shall not
        be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934,
        as amended (the "<u>Exchange Act</u>"), or otherwise subject to the liabilities of that
        section, and shall not be incorporated by reference into any filing under the Exchange Act
        or the Securities Act of 1933, as amended, except as specifically set forth in such
        statement or report.</p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify">
        <b>Item 8.01</b> <b>Other Events.</b><br>
        &nbsp;</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify">
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On June 21, 2007, the Company announced it had entered into
        an agreement (the &ldquo;<u>Purchase Agreement</u>&rdquo;) under which the Company agreed
        to sell to its former executive offices and warehouse facility, as well as two adjacent
        lots, located in West New York, New Jersey at a proposed purchase price of $8,000,000. The
        proposed purchaser had the right under the Purchase Agreement to extend the originally
        scheduled closing date (October 15, 2007) for two separate 4-month periods. The proposed
        purchaser has extended the closing date for the first extension period, until February 15,
        2008. Under the Purchase Agreement, the extension of the closing date entitles the Company
        to receive $150,000 of the original $500,000 deposit paid by the proposed purchaser under
        the Purchase Agreement. With certain exceptions, the payment is
        <font style="COLOR: #000000">non-refundable, and will be credited against the purchase
        price of the property if a closing occurs.</font></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">
        <b>Item 9.01</b> <b>Financial Statements and Exhibits.</b></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">
        (a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Financial Statements of Businesses
        Acquired</u>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not Applicable.<br>
        <br>
        (b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Pro Forma Financial
        Information</u>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
        Not Applicable.<br>
        <br>
        (c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Shell Company
        Transactions</u>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
        Not Applicable.<br>
        <br>
        (d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Exhibits</u>.<br>
        <br>
        </p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">
        &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Exhibit
        No</u>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
        <u>Description</u><br>
        <br>
        &nbsp;&nbsp;&nbsp;
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
        Press Release of the Company dated September 27, 2007.</p>

        <p></p>

        <div style="PAGE-BREAK-AFTER: always">
        </div>
        <!-- *************************************************************************** -->
        <!-- MARKER PAGE="sheet: 5; page: 5" -->
        <hr color="gray" noshade size="5">

        <p style="BORDER-RIGHT: #ffffff 0.8pt solid; BORDER-TOP: #ffffff 0.8pt solid; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; BORDER-LEFT: #ffffff 0.8pt solid; TEXT-INDENT: 0px; BORDER-BOTTOM: #ffffff 0.8pt solid" align="center">
        <b>SIGNATURES</b></p>

        <table style="MARGIN-LEFT: 0in" cellspacing="0" cellpadding="0" width="100%" border="0">
            <tr>
                <td valign="top" width="100%">
                    <br>


                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify">
                    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities
                    Exchange Act of 1934, the registrant has duly caused this report to be signed
                    on its behalf by the undersigned hereunto duly authorized.</p>
                </td>
            </tr>
        </table>

        <p></p>

        <table style="MARGIN-LEFT: 0in" cellspacing="0" cellpadding="0" width="100%" border="0">
            <tr>
                <td valign="top" width="282">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify">
                    Date:&nbsp;&nbsp;September 27, 2007</p>
                </td>

                <td valign="top" width="356" colspan="2">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify">
                    JACLYN, INC.</p>
                </td>
            </tr>

            <tr>
                <td valign="top" width="282">&nbsp;</td>

                <td valign="top" width="356" colspan="2">&nbsp;</td>
            </tr>

            <tr>
                <td valign="top" width="282">&nbsp;</td>

                <td valign="top" width="356" colspan="2">&nbsp;</td>
            </tr>

            <tr>
                <td valign="top" width="282">&nbsp;</td>

                <td valign="top" width="356" colspan="2">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify">
                    By:&nbsp;&nbsp;&nbsp; <u>/s/ Anthony C.
                    Christon&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
                    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
                    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
                    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></p>
                </td>
            </tr>

            <tr>
                <td valign="top" width="282">&nbsp;</td>

                <td valign="top" width="24">&nbsp;</td>

                <td valign="top" width="332">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">
                    Anthony C. Christon, Chief Financial Officer</p>
                </td>
            </tr>
        </table>

        <div style="PAGE-BREAK-AFTER: always">
        </div>
        <!-- *************************************************************************** -->
        <!-- MARKER PAGE="sheet: 3; page: 3" -->
        <hr color="gray" noshade size="5">

        <p style="BORDER-RIGHT: #ffffff 0.8pt solid; BORDER-TOP: #ffffff 0.8pt solid; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; BORDER-LEFT: #ffffff 0.8pt solid; TEXT-INDENT: 0px; BORDER-BOTTOM: #ffffff 0.8pt solid" align="center">
        <b>EXHIBIT INDEX</b></p>

        <p></p>

        <table style="MARGIN-LEFT: 0in" cellspacing="0" cellpadding="0" width="600" border="0">
            <tr>
                <td valign="top" width="121">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify">
                    <u>Exhibit No.</u></p>
                </td>

                <td valign="top" width="388">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify">
                    <u>Description</u></p>
                </td>

                <td valign="top" width="108">&nbsp;</td>
            </tr>

            <tr>
                <td valign="top" width="121">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify">
                    99</p>
                </td>

                <td valign="top" width="388">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify">
                    <a href="ex99_1-f8k092707.htm">Press Release of the Company dated September 27,
                    2007</a></p>
                </td>

                <td valign="top" width="108">&nbsp;</td>
            </tr>
        </table>

        <p></p>
    </body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>ballot.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 ballot.jpg
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?6G8V5OINGVUC:1^5;6T2PPQ@D[44`*,GG@`=:`/_V3\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>3
<FILENAME>ex99_1-f8k092707.htm
<DESCRIPTION>EX-99.1; PRESS RELEASE DATED SEPTEMBER 27, 2007
<TEXT>
<html>
    <head>
        <title></title>
    </head>

    <body>
        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">
        <b><u><a name="ex99_1">Exhibit 99</a></u></b></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
        <b><font style="FONT-SIZE: 16pt">NEWS</font></b></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="right">
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Company
        Contact: Anthony Christon<br>
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
        Chief Financial Officer<br>
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
        Jaclyn, Inc.<br>
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
        (201) 909-6000</p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center">
        <b><font style="FONT-SIZE: 11pt">JACLYN REPORTS FINANCIAL RESULTS</font></b></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center">
        <u><font style="FONT-SIZE: 11pt">FOR IMMEDIATE RELEASE<br>
        &nbsp;</font></u></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify">
        <font style="FONT-SIZE: 11pt">West New York, NJ, September 27,
        2007...............................Jaclyn, Inc. (AMEX:JLN) today reported financial results
        for the fiscal year ended June 30, 2007.</font></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify">
        <font style="FONT-SIZE: 11pt">Net sales for the year ended June 30, 2007 were $154,507,000
        compared to $126,601,000 a year earlier. The Company had net earnings of $709,000, or $.28
        per diluted share, compared to fiscal 2006 net earnings of $1,530,000, or $.60 per diluted
        share. Our fiscal 2007 results include a reduction in net earnings of $1,970,000 in
        connection with the final settlement distribution to participants of the Company&rsquo;s
        pension plan, as noted below. Excluding this charge, the Company&rsquo;s net earnings for
        fiscal 2007 would have been $2,679,000, or $1.06 per diluted share.</font></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify">
        <font style="FONT-SIZE: 11pt">Commenting on the financial results, Allan Ginsburg, Chairman
        of the Board, stated, &ldquo;we experienced substantial increases in net sales for the
        year, including in our children&rsquo;s apparel, women&rsquo;s sleepwear, and premium
        incentive divisions. However, earnings results were adversely affected by the previously
        disclosed pension plan termination and settlement, which resulted in a one-time charge to
        earnings before income taxes of approximately $3,089,000 ($1,970,000 after tax). This
        pretax charge to earnings included a non-cash charge of approximately $2,188,000 for the
        write-off of unamortized pension costs, as well as a final cash payment of approximately
        $901,000 to fully fund the pension plan.</font> <font style="FONT-SIZE: 11pt">The Company
        also experienced a significant increase in its effective tax rate for fiscal 2007 compared
        to the prior fiscal year due primarily to the one-time pension plan settlement. In
        addition, our results for fiscal 2007 include a fourth quarter reserve of approximately
        $284,000 relating to a product which was manufactured by a foreign, third-party supplier
        which did not meet our quality standards. The reserve provides for the estimated costs of
        repairing or replacing a portion of this product that shipped during the fourth quarter of
        fiscal 2007. We anticipate the total cost of repair and replacement (the balance of which
        we intend to ship in fiscal 2008) may approximate $1,000,000 and, accordingly, our fiscal
        2008 earnings before income taxes may be adversely affected by an amount equal to the
        remaining actual costs of repair or replacement.&rdquo;<br>
        &nbsp;</font></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify">
        <font style="FONT-SIZE: 11pt">Mr. Ginsburg added, &ldquo;Retail sales generally have been
        disappointing in the past few months and we have recently experienced a decline in orders
        from a major customer of our children&rsquo;s division. As a result, while we achieved
        substantial increases in net sales during fiscal 2007 compared to the prior year, we now
        expect net sales and earnings in fiscal 2008 to be significantly below 2007 levels,
        particularly during the second half of the current fiscal year.&rdquo;</font></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify">
        <b><i><font style="FONT-SIZE: 10pt">Note</font></i></b><b><font style="FONT-SIZE: 10pt">:</font></b>
        <font style="FONT-SIZE: 10pt">This press release may contain forward-looking statements
        that are being made pursuant to the Private Securities Litigation Reform Act of 1995, which
        provides a "safe harbor" for forward-looking statements to encourage companies to provide
        prospective information so long as those statements are accompanied by meaningful
        cautionary statements identifying important factors that could cause actual results to
        differ materially from those discussed in the statement. Our forward-looking statements are
        subject to a number of known and unknown risks and uncertainties that could cause actual
        results, performance or achievements to differ materially from those described or implied
        in the forward-looking statements, including, but not limited to, general economic and
        business conditions; competition in the accessories and apparel markets, potential changes
        in customer spending; acceptance of our product offerings and designs; the variability of
        consumer spending resulting from changes in domestic economic activity; any significant
        variations between actual amounts and the amounts estimated for those matters identified as
        our critical accounting estimates, as well as other significant accounting estimates made
        in the preparation of our financial statements; and the impact of hostilities in the Middle
        East and in other geographic areas, as well as other geopolitical concerns. Accordingly,
        actual results may differ materially from such forward-looking statements. You are urged to
        consider all such factors, as well as those included in our Annual Report on Form 10-K for
        the year ended June 30, 2007. The Company assumes no obligation for updating any such
        forward-looking statements to reflect actual results, changes in assumptions or changes in
        other factors affecting such forward-looking statements.</font></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center">
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify">
        <i>Jaclyn, Inc. is a designer, manufacturer and marketer of apparel, women&rsquo;s
        sleepwear, infants&rsquo; and children&rsquo;s apparel, handbags, premium incentives and
        related accessories.</i> Website: jaclyninc.com</p>

        <div style="PAGE-BREAK-AFTER: always">
        </div>
        <!-- *************************************************************************** -->
        <!-- MARKER PAGE="sheet: 2; page: 2" -->
        <hr color="gray" noshade size="5">

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center">
        <b>JACLYN, INC. AND SUBSIDIARIES</b></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center">
        CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS</p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center">
        For the Fiscal Year ended June 30, 2007<br>
        With comparisons to 2006<br>
        &nbsp;</p>

        <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
            <tr valign="bottom">
                <th colspan="3">
                    <p align="left"><font face="Times New Roman" size="2">Year Ended June
                    30,</font></p>
                </th>

                <th colspan="3"><font face="Times New Roman" size="2">2007</font></th>

                <th colspan="3"><font face="Times New Roman" size="2">2006</font></th>
            </tr>

            <tr valign="bottom" bgcolor="#c0c0c0">
                <td align="left" width="58%"><font face="Times New Roman" size="3"><br>
                Net Sales</font></td>

                <td align="left" width="1%"><font face="Times New Roman" size="3">&nbsp;</font>
                </td>

                <td align="left" width="2%"><font face="Times New Roman" size="3">&nbsp;</font>
                </td>

                <td align="right" width="1%"><font face="Times New Roman" size="3">$</font></td>

                <td align="right" width="14%">
                <font face="Times New Roman" size="3">154,507,000</font></td>

                <td align="left" width="7%"><font face="Times New Roman" size="3">&nbsp;</font>
                </td>

                <td align="right" width="1%"><font face="Times New Roman" size="3">$</font></td>

                <td align="right" width="14%">
                <font face="Times New Roman" size="3">126,601,000</font></td>

                <td align="left" width="2%"><font face="Times New Roman" size="3">&nbsp;</font>
                </td>
            </tr>

            <tr valign="bottom">
                <td align="left"><font face="Times New Roman" size="3"><br>
                Earnings before Income Taxes</font></td>

                <td align="left"><font face="Times New Roman" size="3">&nbsp;</font> </td>

                <td align="left"><font face="Times New Roman" size="3">&nbsp;</font> </td>

                <td align="right"><font face="Times New Roman" size="3">&nbsp;</font> </td>

                <td align="right"><font face="Times New Roman" size="3">1,602,000</font></td>

                <td align="left"><font face="Times New Roman" size="3">(1)&nbsp;</font> </td>

                <td align="right"><font face="Times New Roman" size="3">&nbsp;</font> </td>

                <td align="right"><font face="Times New Roman" size="3">2,711,000</font></td>

                <td align="left"><font face="Times New Roman" size="3">&nbsp;</font> </td>
            </tr>

            <tr valign="bottom" bgcolor="#c0c0c0">
                <td align="left"><font face="Times New Roman" size="3"><br>
                Net Earnings</font></td>

                <td align="left"><font face="Times New Roman" size="3">&nbsp;</font> </td>

                <td align="left"><font face="Times New Roman" size="3">&nbsp;</font> </td>

                <td align="right"><font face="Times New Roman" size="3">$</font></td>

                <td align="right"><font face="Times New Roman" size="3">709,000</font></td>

                <td align="left"><font face="Times New Roman" size="3">(1)&nbsp;</font> </td>

                <td align="right"><font face="Times New Roman" size="3">$</font></td>

                <td align="right"><font face="Times New Roman" size="3">1,530,000</font></td>

                <td align="left"><font face="Times New Roman" size="3">&nbsp;</font> </td>
            </tr>

            <tr valign="bottom">
                <td align="left"><font face="Times New Roman" size="3"><br>
                Net Earnings per Common Share - Basic</font></td>

                <td align="left"><font face="Times New Roman" size="3">&nbsp;</font> </td>

                <td align="left"><font face="Times New Roman" size="3">&nbsp;</font> </td>

                <td align="right"><font face="Times New Roman" size="3">$</font></td>

                <td align="right"><font face="Times New Roman" size="3">.29</font></td>

                <td align="left"><font face="Times New Roman" size="3">&nbsp;</font> </td>

                <td align="right"><font face="Times New Roman" size="3">$</font></td>

                <td align="right"><font face="Times New Roman" size="3">.62</font></td>

                <td align="left"><font face="Times New Roman" size="3">&nbsp;</font> </td>
            </tr>

            <tr valign="bottom" bgcolor="#c0c0c0">
                <td align="left"><font face="Times New Roman" size="3"><br>
                Weighted average shares outstanding - basic</font></td>

                <td align="left"><font face="Times New Roman" size="3">&nbsp;</font> </td>

                <td align="left"><font face="Times New Roman" size="3">&nbsp;</font> </td>

                <td align="right"><font face="Times New Roman" size="3">&nbsp;</font> </td>

                <td align="right"><font face="Times New Roman" size="3">2,478,000</font></td>

                <td align="left"><font face="Times New Roman" size="3">&nbsp;</font> </td>

                <td align="right"><font face="Times New Roman" size="3">&nbsp;</font> </td>

                <td align="right"><font face="Times New Roman" size="3">2,480,000</font></td>

                <td align="left"><font face="Times New Roman" size="3">&nbsp;</font> </td>
            </tr>

            <tr valign="bottom">
                <td align="left"><font face="Times New Roman" size="3"><br>
                Net Earnings per Common Share - Diluted</font></td>

                <td align="left"><font face="Times New Roman" size="3">&nbsp;</font> </td>

                <td align="left"><font face="Times New Roman" size="3">&nbsp;</font> </td>

                <td align="right"><font face="Times New Roman" size="3">$</font></td>

                <td align="right"><font face="Times New Roman" size="3">.28</font></td>

                <td align="left"><font face="Times New Roman" size="3">&nbsp;</font> </td>

                <td align="right"><font face="Times New Roman" size="3">$</font></td>

                <td align="right"><font face="Times New Roman" size="3">.60</font></td>

                <td align="left"><font face="Times New Roman" size="3">&nbsp;</font> </td>
            </tr>

            <tr valign="bottom" bgcolor="#c0c0c0">
                <td align="left"><font face="Times New Roman" size="3"><br>
                Weighted average shares outstanding - diluted</font></td>

                <td align="left"><font face="Times New Roman" size="3">&nbsp;</font> </td>

                <td align="left"><font face="Times New Roman" size="3">&nbsp;</font> </td>

                <td align="right"><font face="Times New Roman" size="3">&nbsp;</font> </td>

                <td align="right"><font face="Times New Roman" size="3">2,528,000</font></td>

                <td align="left"><font face="Times New Roman" size="3">&nbsp;</font> </td>

                <td align="right"><font face="Times New Roman" size="3">&nbsp;</font> </td>

                <td align="right"><font face="Times New Roman" size="3">2,557,000</font></td>

                <td align="left"><font face="Times New Roman" size="3">&nbsp;</font> </td>
            </tr>
        </table>

        <p><font face="Times New Roman, Times, Serif" size="2">(1)&nbsp;&nbsp;&nbsp;&nbsp; Includes
        a charge to earnings before income taxes of $3,089,000 ($1,970,000 after tax), in
        connection with the final settlement distribution to participants of the Company&rsquo;s
        pension plan, consisting of the write-off of the unamortized pension costs totaling
        $2,188,000, plus a final cash contribution to fully fund the pension plan totaling
        approximately $901,000.</font></p>

        <p></p>
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