                                                                            NEWS

                                               Company Contact: Anthony Christon
                                                         Chief Financial Officer
                                                                    Jaclyn, Inc.
                                                                  (201) 909-6000

                 JACLYN REPORTS FIRST QUARTER FINANCIAL RESULTS

                              FOR IMMEDIATE RELEASE

Maywood,  NJ,  November  14,   2007...............................Jaclyn,   Inc.
(AMEX:JLN)  today  reported  financial  results  for  the  first  quarter  ended
September 30, 2007.

Net sales for the three-month  period ended September 30, 2007 were  $37,453,000
compared to $40,624,000 a year earlier.  The Company  reported first quarter net
earnings of $300,000,  or $.12 per diluted share,  compared to fiscal 2007 first
quarter net earnings of $463,000, or $.18 per diluted share.

Commenting  on the financial  results,  Allan  Ginsburg,  Chairman of the Board,
stated, "we experienced a decrease in net sales and net earnings for the quarter
compared to last year's first  quarter.  Net sales and pre-tax  earnings in this
year's  first  quarter  include a  customer  sales  allowance  of  approximately
$800,000  ($485,000 after tax) relating to a product  manufactured by a foreign,
third-party supplier which did not meet our quality standards and represents the
estimated balance of costs to repair or replace products that shipped during the
first quarter of fiscal 2008.  Excluding  this one-time  cost, the Company's net
earnings for the first  quarter  would have been  $785,000,  or $.31 per diluted
share." Mr. Ginsburg added,  "This quality issue is only a temporary setback for
the  Company.  Partly as a result of this  quality  issue,  full fiscal 2008 net
earnings are still expected to be below fiscal 2007 net earnings  (excluding the
previously  reported pension  settlement  expense in fiscal 2007).  However on a
positive note, while the retail climate is still  challenging,  we have recently
received new orders and indications of additional summer business,  primarily in
our  children's  apparel  division,  which  will help to boost our net sales for
fiscal 2008 to a level comparable with that of fiscal 2007."

Note: 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

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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.

                           *     *     *     *     *

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

                          JACLYN, INC. AND SUBSIDIARIES

            CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (Unaudited)

                                               First Quarter ended September 30,
                                               ---------------------------------
                                                   2007                2006
                                               ------------        -------------

Net Sales                                      $ 37,453,000        $ 40,624,000

Net Earnings                                   $    300,000        $    463,000

Net Earnings per Common Share - Basic          $        .12        $        .19

Net Earnings per Common Share - Diluted        $        .12        $        .18

Weighted Average Number of Shares
   Outstanding - Diluted                          2,498,000           2,529,000
