American Apparel Provides Update on Status of Accounting Evaluation

American Apparel, Inc. (NYSE Amex:APP) yesterday provided an update on the status of its accounting evaluation of the classification of its revolving credit facility as a long-term obligation and certain other balance sheet and cash flow presentation matters in its previously issued consolidated financial statements.

On July 17, 2009, the Company’s management and the Audit Committee of the Board of Directors determined that the Company will need to restate its previously issued