Blue Holdings Inc. (BLUE).

WEEKLY PROFILE

BLUE HOLDINGS INC. (BLUE)
Business Overview

Blue Holdings Inc., incorporated on February 9, 2000, designs,
develops, markets and distributes fashion jeans, apparel and
accessories under the brand names, Antik Denim, Yanuk, U and
Tavemiti So Jeans. The company's products, as of December 31, 2005,
included jackets, belts, purses and T-shirts. The company sells its
products in the United States, Canada, Japan and the European Union
directly to department stores and boutiques, and through distribution
arrangements in certain foreign jurisdictions. Blue Holdings Inc.
also operates in the denim industry. Until January 2005, the company
focused on developing and marketing boat propulsion technology. On
April 14, 2005, it entered into an exchange agreement with Antik
Denim, LLC (Antik), the members of Antik, and Keating Reverse Merger
Fund, LLC (KRM Fund). At the close of the agreement, Antik became a
wholly owned subsidiary of the company, and the exchange transaction
was accounted for as a reverse merger.

Income Statement                     LTM *          2005 **

Revenue (millions)                    $53.4       $36.4
Operating Income (millions)             6.3        7.50
Net Income (millions)                   3.2        5.10
EPS                                    $0.13       0.20

Income Statement                     Summary

Revenue (millions)                   Headquarters: Commerce
Operating Income (millions)          Market Cap: $49.5 million
Net Income (millions)                Dividend Yield: NA
EPS                                  P/E Ratio: 13.1

* Latest Twelve Months Ending 9/2006
** Fiscal Year Ending 12/2005

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