ZAGG Announces Debt Refinancing with Wells Fargo

  ZAGG Announces Debt Refinancing with Wells Fargo

Business Wire

SALT LAKE CITY -- December 12, 2012

ZAGG Inc (NASDAQ: ZAGG), a leading mobile device accessories company, today
announced it has entered into an $84 million credit facility with Wells Fargo
Bank, consisting of a $24 million 2 year term note and a $60 million revolving
line of credit. With these new loans in place ZAGG has retired all existing
loans to the Company, including the aggregate $45.97 million balance under a
term loan with Cerberus Business Finance, LLC and a revolving credit facility
with PNC Bank National Association.

"The refinancing of our debt with Wells Fargo represents a significant
achievement for ZAGG," said Brandon O’Brien, ZAGG’s CFO. "Our average cost of
funds has been reduced by more than 5 percentage points which will reduce our
interest expense by over $2,000,000 per year. With the commercial credit
agreement we were able to put in place with Wells Fargo, we have adequate
working capital to execute on our operating plan."

About ZAGG Inc:

ZAGG Inc (NASDAQ: ZAGG) is a leading mobile device accessories and technology
company with products that protect, personalize and enhance a consumer's
mobile experience. ZAGG differentiates itself as the preferred brand by
offering creative product solutions through targeted global distribution
channels, with the broadest product offering in its sector. With a brand
portfolio that includes ZAGG® and iFrogz™, the company manufactures and
markets a complete line of products to improve the functionality of portable
gadgets, including keyboards, cases, audio and protective films, through
direct, retail, specialty and international channels. More information about
the company and its brands is at

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified,
community-based financial services company with $1.4 trillion in assets.
Founded in 1852 and headquartered in San Francisco, Wells Fargo provides
banking, insurance, investments, mortgage, and consumer and commercial finance
through more than 9,000 stores, 12,000 ATMs, the Internet (,
and has offices in more than 35 countries to support the bank’s customers who
conduct business in the global economy. With approximately 265,000 full-time
equivalent team members, Wells Fargo serves one in three households in the
United States. Wells Fargo & Company was ranked No. 26 on Fortune’s 2012
rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy
all our customers’ financial needs and help them succeed financially.

Safe Harbor Statement

This release contains "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, and such forward-looking
statements are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. "Forward-looking statements"
describe future expectations, plans, results, or strategies and are generally
preceded by words such as "may," "future," "plan" or "planned," "will" or
"should," "expected," "anticipates," "draft," "eventually" or "projected." You
are cautioned that such statements are subject to a multitude of risks and
uncertainties that could cause future circumstances, events, or results to
differ materially from those projected in the forward-looking statements,
including the risks that actual results may differ materially from those
projected in the forward-looking statements as a result of various factors,
and other risks identified in filings made by the company with the Securities
and Exchange Commission. We disclaim any obligation to update any
forward-looking statement contained in this release.


Investor Relations:
Genesis Select Corp.
Kim Rogers-Carrete, 303-415-0200
Lane PR
Jane Taber, 503-546-7888
Nathan Nelson, 801-263-0699 ext. 107
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