Orbit Brands Corporation Takes Positive Steps in its Restructuring

18 October 2005

Orbit Brands Corporation
(OTC: OBBCQ), a company specializing in the acquisition and development of
early-stage, high-growth companies, announced today that it has taken positive
steps in its proposed restructuring by filing its plan of reorganization, and
that it is now trading under a new ticker symbol.
The Company's proposed plan of reorganization was filed with the
Bankruptcy Court in Los Angeles and noticed to its creditors on October 6,
2005. As part of the plan, the Company proposes that the interests of common
shareholders in the Company will not be impaired. The proposed plan is
subject to amendment by the Company and additional input from the Official
Committee of Unsecured Creditors and the Office of the United States Trustee,
and must be approved by the Bankruptcy Court.
The Company also obtained approval from the Securities Exchange Commission
(SEC) to change its ticker symbol to OBBCQ from OBTV, and commenced trading
under the new symbol OBBCQ on October 12, 2005. The "Q" in the ticker symbol
is an SEC designation for companies in bankruptcy status. Upon emergence from
bankruptcy, the "Q" will be removed and the ticker will change to OBBC. The
next scheduled hearing date for the Company to report on the status of its
reorganization effort is November 15, 2005.
Joe Cellura, Chairman and Chief Executive Officer of the Company, said,
"This is a solid step forward in the reorganization of the Company. Our
reorganization plan takes into account the best interests of our shareholders,
and we appreciate their continued support in our reorganization process. The
Company's objective is to clean up the balance sheet and eliminate costly,
vexatious litigation that has been ongoing since 1998."

About Orbit Brands Corporation
Orbit Brands Corporation specializes in the acquisition and development of
early-stage, high-growth companies in the technology, consumer goods, and
media and entertainment industries. The Company is positioned to identify,
acquire, fund and develop these companies for the purpose of creating business
and shareholder value. For further information, visit the Company website:
http://www.orbitbrandscorp.com.

Safe Harbor Statement Under The Private Securities Litigation Reform Act
of 1995: The statements in the press release that relate to the Company's
expectations with regard to the future impact on the Company's results from
new products in development are forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. The results
anticipated by any or all of these forward-looking statements may not occur.

For further information, contact:
At the Company:
Orbit Brands Corporation
Joseph R. Cellura
Investor Relations
718-966-5892
http://www.orbitbrandscorp.com

Investor Relations:
OTC Financial Network
Rick McCaffrey
Investor Relations
781-444-6100, ext. 625
rick@otcfn.com
http://www.otcfn.com/obbcq