Jeantex Group, Inc, a designer and manufacturer of consumer products for apparel markets, has mutually agreed with Sanatex to terminate the Letter of Intent previously entered into on November 25, 2005.

According to the Letter of Intent, Jeantex was to acquire all of the issued and outstanding stock of Sanatex in exchange for newly-issued shares of Class A common stock of Jeantex. The number of shares would have been equal to 51% of all the issued and outstanding shares of Class A common stock of Jeantex.

Henry Fahman, chairman of Jeantex Group, Inc., said, "We determined that operating Sanatex under the Jeantex Group was not the best platform to expand our business. We plan to continue to build our private label and branded business by increasing our distribution of existing brands and by adding additional lines to our portfolio. Jeantex remains committed to its growth strategy and will continue to seek new opportunities that create value for our shareholders."