The Accessories Council, a not-for-profit national advocacy organization designed to stimulate awareness and demand for fashion accessory products, announced today that CloseOutNow.com(TM), the global B2B on-line auction servicing the $100 billion market of excess fashion inventories, has become a member of the organization. CloseOutNow.com is the first web site servicing the fashion industry to receive membership in the accessories efficacy group.

"With the Internet becoming a platform for the fashion industry, it is exciting for the Accessories Council to welcome CloseOutNow.com as the pioneer fashion web site member," said Sheila Block, Executive Director of the Accessories Council. "CloseOutNow.com's participation in the Council demonstrates a commitment to become a strong and contributing player in the accessories arena."

Established in 1995, the Accessories Council consists of manufacturers and retailers of fashion accessories as well as associated organizations, including CloseOutNow.com, that are otherwise involved in the $25 billion U.S. accessories industry. The Council conducts educational seminars, hosts networking events, and allows members exclusive opportunities to attend symposiums, conferences, and round table discussions providing valuable insights to the accessories industry.

"Accessory inventory is a significant portion of the merchandise auctioned through CloseOutNow.com," said Steven R. Lubinski, CEO. "We desire to become the leading venue for accessories manufacturers and retailers to distribute their excess inventory online. Membership in the national advocacy organization for the accessories industry is an important step toward achieving that milestone."

CloseOutNow.com facilitates a virtual marketplace where buyers and sellers of unsold branded and non-branded inventories of fashion merchandise are matched through auction. CloseOutNow.com's service allows manufacturers, wholesalers and retailers to considerably improve profit margins on merchandise that has historically made only pennies on the dollar.

About CloseOutNow.com(TM)

CloseOutNow.com is a privately held, B2B on-line auction site for excess inventories of branded and non-branded fashion merchandise. Based in Manhattan's Fashion District, CloseOutNow.com offers a global solution for manufacturers, wholesalers and retailers, both in its scope of services and its geographic reach. The company is the brainchild of fashion field notables Steven R. Lubinski, Chairman and CEO, and R. Fulton Macdonald, Vice Chairman and chief e-commerce officer, who together bring over 70 years of fashion and retail industry experience to the venture. In addition to facilitating a global marketplace, the full-service auction provides financing and logistical support, if necessary, to its customers.

About the Accessories Council (www.accessoriescouncil.org)

The Accessories Council is a not-for-profit, national advocacy organization established in 1995 which conducts educational seminars, networking functions, trend reports, market week gatherings, the annual esteemed black tie ACE Award Gala and other exclusive events designed to provide useful information to the accessories industry. Members of the Accessories Council may serve on special committees that help direct activities of the Council as well as have the opportunity to be elected to the Board of Directors. The Accessories Council launched a web site in February offering valuable information for both trade and consumer users including links to company sites.