Exhibit 99.1


                             SEL-LEB MARKETING, INC

       SEL-LEB MARKETING, INC. ANNOUNCES NASDAQ DELISTING OF COMMON STOCK
                             AND SIGNIFICANT LOSSES


PATERSON, NJ (MAY 22, 2003)...SEL-LEB MARKETING, INC. ("Sel-Leb")(NASDAQ: SELBE)
announced today that NASDAQ has notified the Company that it will be delisted
from the Nasdaq SmallCap Market with the opening of business on Friday May 23,
2003. After the Company had filed a request for a hearing before the Nasdaq
Listing Qualifications Board, the Company determined it would still be unable to
file its 10-KSB for the year ended December 31, 2002 and its first quarter 2003
10-QSB in the near term, due to the delay in receiving pertinent information
from an independent third party, and in the Company's opinion it would not be
able to meet various minimum listing requirements based on minimum share price
and market value of public float. The Company therefore decided to withdraw its
request for the hearing. As a result, the Company received notice of the
cancellation of its hearing and that it would be delisted.

The Company's shares will not be listed on the National Quotation Bureau's Pink
Sheets or on the Nasdaq Over The Counter Bulletin Board until it is current in
its SEC filings, market makers come forward to apply for the listing of the
Company's shares and the applications are cleared by the applicable quotation
service. Sel-Leb is working diligently towards bringing its SEC filings current
as soon as possible. Thereafter, it will seek to find market makers who make the
appropriate applications. Despite these intentions, the Company is not able to
provide assurance with respect to when or if its SEC filings will be brought
current, market makers found, applications be cleared, or quotations will be
available for its common stock.

The Company also reported that, while it has not completed the preparation of
its December 31, 2002 and the first quarter 2003 financial statements and
reports, it nevertheless has experienced a substantial reduction in revenues for
the year 2002, with a resulting significant net loss, and a significant
reduction in revenues for the first quarter of 2003, with the expectation of a
net loss for the period. The delay in completion of this data is due to delays
in the receipt of information from an independent third party, which is an
integral and important part of the Company's operations. Major contributing
factors to these losses were the production problems and then chapter 11 filing
of a major supplier, followed shortly afterwards by the loss of a major
customer.

In a related matter, Sel-Leb is the defendant in a lawsuit brought by Wells
Fargo Bank arising out of Wells Fargo Bank's creditor relationship with the
major supplier referred to in the preceding paragraph, alleging the Company
improperly made payments to the supplier and took offsets against receivables
owed by the Company to the supplier. Exclusive of punitive damages, Wells Fargo
Bank alleges damages in the amount of approximately $850,000. The Company's
counsel has responded to the complaint brought by Wells Fargo Bank and has
asserted various defenses and has advised the Company that its liability is
likely limited to the amount of the debt owed by Sel-Leb's supplier to Wells





Fargo Bank, which the Company believes is currently no more than approximately
$400,000. Presently, Sel-Leb is continuing to purchase products and inventory
from the supplier, and pursuant to the direction of the court presiding over the
bankruptcy case of Sel-Leb's supplier, Sel-Leb has been and will continue to
make payment for such new products and inventory directly to Wells Fargo Bank,
which, under the details of the arrangement, shall be applied against the
supplier's indebtedness to Wells Fargo Bank and by extension, will further
reduce Sel-Leb's potential liability to Wells Fargo Bank. The Company believes
its ultimate liability to Wells Fargo in this lawsuit, if any, will not be
material.



Sel-Leb is a company primarily engaged in the distribution and marketing of
consumer products through mass merchandisers, discount chain stores and food,
drug and electronic retailers. The company's business also includes marketing
and selling products to be promoted by celebrity spokespersons and sold to mass
merchandise retailers.

The statements which are not historical facts contained herein are
forward-looking statements that relate to plans for future activities. Such
forward-looking information involves important risks and uncertainties that
could significantly affect results in the future, including but not limited to
general trends in the retail industry (both general as well as electronic
outlets), the ability of the company to maintain its financing arrangements (or
obtain satisfactory alternative financing) on favorable terms, or at all, the
ability of the company to successfully implement any future expansion plans,
consumer acceptance of any products developed and sold by the company, the
ability of the company to continue to develop its "celebrity" product business,
the ability of the company to sell its specially purchased merchandise at
favorable prices, on a timely basis or at all, the ability of the company to
adequately source products that it sells to its customers, unanticipated
litigation, claims or assessments, the delisting from the Nasdaq SmallCap Market
effective May 23,2003 and the future trading market for the Company's
securities, and other risks detailed in the company's filings with the
Securities and Exchange Commission.

Contact: Hal Markowitz, Chairman of the Board of Sel-Leb Marketing, Inc., (973)
225-9880.