CHARLES & COLVARD REPORTS SECOND QUARTER 2010 FINANCIAL RESULTS

• Profitable Q2 2010 – net income of $336,000
• 152% net sales increase over Q2 2009
• $8.12 million cash and investments, no long-term debt
• Positive cash flow from operations of $141,000

CHARLES & COLVARD ANNOUNCES SECOND QUARTER 2010 EARNINGS WEBCAST AND TELECONFERENCE
July 21, 2010

CHARLES & COLVARD ANNOUNCES ANNUAL MEETING OF SHAREHOLDERS LIVE VIDEO WEBCAST
May 19, 2010

CHARLES & COLVARD SIGNS NEW MANUFACTURING AGREEMENT WITH FREDERICK GOLDMAN, INC.
April 28, 2010

CHARLES & COLVARD REPORTS FIRST QUARTER 2010 FINANCIAL RESULTS

• Profitable Q1 2010 – net income of $298,000
• 15% net sales increase over Q1 2009, 21% increase over Q4 2009
• $7.84 million cash and liquid investments, no long-term debt
• Positive cash flow from operations of $489,000