NEW YORK, Nov. 11, 2011 (GLOBE NEWSWIRE) -- Xcel Brands, Inc (OTCQB:XELB) announced today that trading of the Company's common shares has commenced under a new ticker symbol "XELB," effective as of November 09, 2011 in accordance with the Financial Industry Regulatory Authority (FINRA). The Company previously traded under the symbol "NFBH." The new symbol has been issued following the Company's name change from Netfabric Holdings, Inc. to Xcel Brands, Inc and its acquisition of the Isaac Mizrahi brand. Holders of the Company's common shares do not need to take any action as a result of the recent changes.
Xcel Brands, Inc. ("Xcel" or the "Company") engages in the acquisition, design, licensing, and marketing of consumer brands. Xcel's management team consists of executives with significant experience in creating and growing businesses in the branded consumer products industry and a proven track record for successfully completing multiple similar acquisitions. Xcel will seek to acquire brands that it can utilize in a multi-channel distribution strategy (bricks and mortar, internet retailers and interactive media) with a focus on identifying designers or celebrities with personalities that connect directly with consumers through social and other media.