Joe's Jeans Reiterates 4th Quarter Earnings Guidance

LOS ANGELES, CA, Mar 24 (MARKET WIRE) --
Joe's Jeans Inc. (the "Company") (NASDAQ: JOEZ) announced today that it
expects its fourth quarter net sales to be $17.8 million, slightly above
the high end of its previously announced range of $17.4 and $17.7
million. Further, the Company expects to earn $0.02 per share, also at
the high end of its previously announced guidance, before consideration
of any non-cash charges.

The Company anticipates first quarter of fiscal 2009 net sales to be
between $16.0 million and $16.5 million, reflecting 5% to 8% top line
growth. In addition, the Company expects to earn $0.01 per share, before
consideration of any non-cash charges.

The Company expects to provide more information on its fourth quarter and
full fiscal year 2008 on its conference call to be held after its filing,
which has been delayed due to a pending restatement regarding its method
of accounting for its merger transaction with JD Holdings, Inc. completed
in October 2007. For more information regarding the restatement, see the
Company's Form 8-K filed with the Securities and Exchange Commission on
March 24, 2009.

About Joe's Jeans Inc.

Joe's Jeans Inc. designs, produces and sells apparel and apparel-related
products to the retail and premium markets under the Joe's(R) brand and
related trademarks. More information is available at the company website
at www.joesjeans.com.

This release contains forward-looking statements within the meaning of the
safe harbor provisions of the Private Securities Litigation Reform Act of
1995, as amended. The matters discussed in this document involve
estimates, projections, goals, forecasts, assumptions, risks and
uncertainties that could cause actual results or outcomes to differ
materially from those expressed in the forward-looking statements. All
statements in this news release that are not purely historical facts are
forward-looking statements, including statements containing the words
"intend," "believe," "estimate, "project," "expect" or similar
expressions. Any forward-looking statement inherently involves risks and
uncertainties that could cause actual results to differ materially from
the forward-looking statements. Factors that would cause or contribute to
such differences include, but are not limited to: the risk that the
Company will be unsuccessful in gauging fashion trends and changing
customer preferences; the risk that changes in general economic
conditions, consumer confidence, or consumer spending patterns will have
a negative impact on the Company's financial performance or strategies;
the highly competitive nature of the Company's business in the United
States and internationally and its dependence on consumer spending
patterns, which are influenced by numerous other factors; the Company's
ability to respond to the business environment and fashion trends;
continued acceptance of the Joe's(R) brand in the marketplace; successful
implementation of any growth or strategic plans; effective inventory
management; the Company's ability to continue to have access on favorable
terms to sufficient sources of liquidity necessary to fund ongoing cash
requirements of its operations, which access may be adversely impacted by
a number of factors, including the reduced availability of credit
generally and the substantial tightening of the credit markets, including
lending by financial institutions, who are sources of credit for the
Company, the recent increase in the cost of capital, the level of the
Company's cash flows, which will be impacted by the level of consumer
spending and retailer and consumer acceptance of its products; the
ability to generate positive cash flow from operations; competitive
factors, including the possibility of major customers sourcing product
overseas in competition with our products; the risk that acts or
omissions by the company's third party vendors could have a negative
impact on the company's reputation; a possible oversupply of denim in the
marketplace; and other risks. The Company discusses certain of these
factors more fully in its additional filings with the SEC, including its
last annual report on Form 10-K filed with the SEC, and this release
should be read in conjunction with that annual report on Form 10-K,
together with all of the Company's other filings, including current
reports on Form 8-K, made with the SEC through the date of this release.
The Company urges you to consider all of these risks, uncertainties and
other factors carefully in evaluating the forward-looking statements
contained in this release.

Any forward-looking statement is based on information current as of the
date of this document and speaks only as of the date on which such
statement is made, and the Company undertakes no obligation to update
these statements to reflect events or circumstances after the date on
which such statement is made. Readers are cautioned not to place undue
reliance on forward-looking statements.

Contact:
Joe's Jeans Inc.
Hamish Sandhu
323-837-3700 x 304

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