Exhibit 99.1

                             SEL-LEB MARKETING, INC.
                         ANNOUNCES THE EXPIRATION OF ITS
                       LOAN AGREEMENTS WITH MERRILL LYNCH

PATERSON, NEW JERSEY, OCTOBER 15, 2003...Sel-Leb Marketing, Inc. announced today
that its loan agreements with its primary lender, Merrill Lynch Business
Financial Services Inc. ("Merrill Lunch"), have terminated. As previously
announced, the Company has been in default under its Merrill Lynch loans.
Merrill Lynch is entitled to exercise all remedies available to it as a secured
lender.

The Company is in discussions with Merrill Lynch for an extension of its loan
agreements. There can be no assurance that Merrill Lynch would extend the
maturity of its loans to the Company, and there can be no assurance Merrill
Lynch will not pursue actions as a result of the Company's default.

Any inability to extend the Merrill Lynch loans or obtain adequate alternative
financing would have a material adverse effect on the Company, including
possibly requiring the Company to significantly curtail or cease its operations.

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 cure any defaults under its financing
arrangements and to maintain its financing arrangements (or to 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, pending or unanticipated litigation,
claims or assessments, the delisting from the Nasdaq SmallCap Marketing May 2003
and the future trading market, if any, for the Company's securities, and other
risks detailed in the Company's filings with the Securities and Exchange
Commission.

Contact:  Jorge Lazaro, CFO. (973) 225-9880.