Stoneville, NC (November 16, 2012) – Gerbing's Heated Clothing, Inc., a leading manufacturer of heated clothing and accessories, announced today that it has been acquired by Prospect Brands, LLC and will be led by Tom Nolan, who will serve as President and Chief Executive Officer. The acquisition provides Gerbing's with a long-term capital provider and senior leadership that have the experience and resources to help the company build on its reputation for producing high-quality, innovative outerwear products. “I am humbled by the opportunity to lead this iconic brand, and I am excited by the prospect of working closely with the team to take this company to the next level. I look forward to the bright future we have ahead of us and working hard to get there”, said Mr. Nolan. “We are excited to partner with Tom Nolan and are committed to helping management build a global outerwear business,” said Patrick Duffy, Managing Partner of McCarthy Capital. About Gerbing's Heated Clothing Gerbing's Heated Clothing was founded in 1976 by Gordon Gerbing in a small machine shop outside of Seattle. Over the years, Gerbing's has developed a loyal customer base in the motorcycle market through its industry-leading technology and product quality guarantees. The company has two major product lines, one directed at motorcyclists and powersports enthusiasts and another marketed more generally to broader outerwear customers. For more information, please visit http://gerbing.com/. About Prospect Brands, LLC Prospect Brands, LLC is a partnership between McCarthy Capital Fund V and Tom Nolan. McCarthy Capital Fund V is managed by McCarthy Partners Management, LLC, an affiliated RIA of McCarthy Capital (“McCarthy”). McCarthy is an Omaha-based private equity firm focused exclusively on lower middle-market companies. For more than 25 years, the McCarthy organization has been partnering with founders, families, and exceptional management teams to support the growth of their companies. For more information, please visit www.mccarthycapital.com.

November 16, 2012 To Whom It May Concern: I wanted to take a moment to share some exciting news with you. Gerbing's Heating Clothing, Inc. has recently been acquired by Prospect Brands, LLC. Prospect Brands is a partnership between myself and McCarthy Capital Fund V, a Private Equity fund with substantial experience in consumer products. I currently serve as President and Chief Executive Officer and am excited to partner with a long-term investor focused on building businesses in partnership with management. We have properly capitalized the Company for growth and will strive to provide you with the highest-quality heated apparel in the market and will settle for nothing less. Since 1975, there have been a lot of changes as Gerbing's has evolved and grown in an effort to deliver quality products to the marketplace. This latest move is just another part of Gerbing's evolution as a global brand. We are going to work hard to make sure we deliver the best products on the planet, on time, and when you need them. We know the last several months have been difficult, but the future is bright for the Company, its employees, and our partners who depend on us to provide them with the best product in the market. We'll never again make the mistakes we've made in the past and we'll never stop working to be the best. This new chapter will provide the Company with the resources necessary to take our businesses to the next level, together. I am looking forward to taking this journey with you and want to let you know that I am here to answer any questions you may have or help in anyway possible, so feel free to contact me anytime. Tom Thomas J. Nolan President & CEO Gerbings, LLC Tel: 336-613-6101 Tom.nolan@gerbing.com

Gerbing's Heated Clothing, the industry's leading manufacturer of heated clothing, gloves, socks and accessories, announces that it has opened a new factory in the U.S.

"We're bringing Jobs back to America and employing our fellow Americans," said President and CEO, Jeff Gerbing. "It's about time we started thinking of our country first, instead of just who's got the cheapest prices. And the response from our customers has been over the top. They love it, and our high loyalty rankings have shot up even more."

Mr. Gerbing spoke highly of the work force he's encountered at his factory's location in Stoneville, NC. "This area has a great textile history. And the skills and productivity of the people is second to none. Our U.S.-made products are every bit as good as what China used to make for us, and in several areas they're better. We're working on making them better in all areas."

Part of that commitment has been to go beyond just manufacturing in the U.S. It's a commitment to source all raw materials in the U.S. as well. "When I say we're going to make a product in America, that means top to bottom. Every piece of cloth, every zipper, every plug, every wire, every thread is going to be sourced from American companies." The Gerbing's owner went on to say, "That means we're helping to employ Americans at those supplier companies as well. It's win/win for us and for our country."

The process of bringing all products back to U.S. sourcing and manufacture is on a timetable. Mr. Gerbing explained, "As you can imagine, this takes a tremendous investment. Right now we're making our Heated Jacket Liners, Pant Liners and Vest Liners in North Carolina. Over the next 3-to-5 years, we're going to be investing even more and bringing our Heated Outerwear production here as well. Our gloves will also transition to the U.S. as will socks and all our accessories."

The North Carolina facility is massive, as plans for growth continue. "We're using 25,000 of an available 80,000 square feet. And there are more adjacent buildings to grow into. So our future is secure here. This is a vision I've had for years. It's just time that someone took the lead and decided that Americans should come first."

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