TORONTO, ONTARIO, July 7, 2008 - Newlook Industries Corp. (TSX Venture: NLI), ("Newlook") is pleased to announce record revenues for the second quarter of fiscal 2008.

Unaudited consolidated revenues for the second quarter of 2008 were approximately $10,278,000 up from approximately $9,667,000 during the first quarter. Retail segment revenues were approximately $5,074,000 and commercial segment revenues were approximately $5,204,000.

Unaudited consolidated June 2008 revenues were approximately $3,344,000, of which $1,684,000 arose from retail operations and $1,660,000 from commercial segment operations.

John G. Simmonds, Newlook CEO stated; "As expected, our second quarter revenues were higher due to the burgeoning economies of Saskatchewan and Manitoba. We closed the original Selkirk store that was acquired last fall and reopened in an exciting new location outside of the downtown core. We're anticipating substantial growth from this new store and plan to invest in renovating other locations within our portfolio shortly. Our Wireless Age subsidiary continues to purchase its shares for cancellation. During June, Wireless Age acquired 97,000 shares and year-to-date it has now acquired 1,029,100 common shares at an average price of approximately $0.24 per share."

Newlook Industries Corp., headquartered in Toronto, Ontario is a publicly traded company listed on the TSX Venture Exchange. For more information please call (416) 477-5656 or refer to www.sedar.com.

The management of the company, who take full responsibility for its content, prepared this press release. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This press release contains forward-looking statements relating to future events and results that are based on Newlook's current expectations. These statements involve risks and uncertainties including, without limitation, Newlook's ability to successfully develop and market its products, consumer acceptance of such products, competitive pressures relating to price reductions, new product introductions by third parties, technological innovations, and overall market conditions. Consequently, actual events and results in future periods may differ materially from those currently expected.

For more information contact:

John G. Simmonds
Chief Executive Officer
Newlook Industries Corp
Telephone: (416) 477-5656 x301