Trunkbow Announces Pricing of Initial Public Offering

The shares will begin trading on February 3, 2011, on the Nasdaq Global Market under the ticker symbol "TBOW". The underwriters have a 45-day option to purchase up to 600,000 additional shares of common stock from Trunkbow to cover over-allotments, if any.  The Company intends to use the net proceeds of the offering to build out its mobile payment service platforms in Zhejiang Province, Xinjiang Province, Shandong Province, Shanxi Province and Henan Province in the People's Republic of China and for working capital and general corporate purposes.

Roth Capital Partners, LLC acted as sole bookrunner and Merriman Capital, Inc. acted as co-manager for the offering.

Trunkbow's registration statement relating to these securities was declared effective as of February 2, 2011 by the U.S. Securities and Exchange Commission. Copies of the final prospectus may be obtained on the SEC's website, www.sec.gov, and by contacting Roth Capital Partners, LLC at 24 Corporate Plaza, Newport Beach, CA 92660, Attention: Equity Capital Markets, Fax: (949) 720-7227 or by e-mail to: rothecm@roth.com.

This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Trunkbow International Holdings Limited:

Trunkbow International Holdings (NASDAQ: TBOW), is an innovative mobile application enabler, focused on providing telecom operators in China, with application platforms on which to offer Mobile Value Added Solutions ("MVAS") and Mobile Payment Solutions ("MPS") to their subscribers. Trunkbow's solutions enable the telecom operators to offer their subscribers access to unique mobile applications, innovative tools and value-added services that create a superior mobile experience, and as a result generate higher average revenue per user and reduce subscriber churn. Since its inception in 2001, Trunkbow has established a proven track record of innovation, and has developed a significant market presence in both the Mobile Value Added and Mobile Payment solutions markets. Trunkbow supplies to all three Chinese mobile telecom operators, as well as re-sellers, in 10 provinces of China.