Nitches, Inc. Announces Receipt of Nasdaq Letter Due to Death of Board Member

SAN DIEGO, CA–(EMWNews – August 21, 2008) – Nitches, Inc. (NASDAQ: NICH) announced today

the receipt of a letter from The Nasdaq Stock Market LLC (“Nasdaq”)

indicating that as a result of the death of director T. Jefferson Straub,

the Company no longer complies with the audit committee requirement set

forth in Nasdaq Marketplace Rule 4350(d)(2). This rule requires the audit

committee of each Nasdaq issuer to have at least three independent members

on its audit committee. As a result of Mr. Straub’s passing away, we only

have two of the three required independent audit committee members.

However, consistent with Nasdaq Marketplace Rule 4350(d)(4), we have until

the earlier of our next annual shareholders’ meeting or August 10, 2009 to

regain compliance with Nasdaq Marketplace Rule 4350(d)(2), or if our next

annual shareholders’ meeting is held before February 9, 2009, then we must

evidence compliance no later than February 9, 2009. We are currently in the

process of seeking and evaluating candidates to fill the vacancy created by

Mr. Straub’s passing away and we intend to appoint a new director within

the cure period.

About Nitches

Nitches is headquartered in San Diego, California with offices in New York

City, Los Angeles, Dallas, Austin and Hong Kong. The Company’s shares are

traded on the NASDAQ Capital Market under the symbol NICH.

Except for historical information contained herein, the statements in this

release are forward-looking and made pursuant to the safe harbor provisions

of the Private Securities Litigation Reform Act of 1995. Forward-looking

statements involve known and unknown risks and uncertainties that may cause

the Company’s actual results in future periods to differ materially from

forecasted results. Those risks include, among other things, a softening

of retailer or consumer acceptance of the Company’s products, pricing

pressures and other competitive factors, or the unanticipated loss of a

major customer. The Company’s results may also differ materially from

period to period due to the seasonal nature of the Company’s product lines.

These and other risks are more fully described in the Company’s filings

with the Securities and Exchange Commission.