Schedule 13G Filing for XCel Brands, Inc. by Potomac Capital Entities

This Schedule 13G filing, submitted by Potomac Capital Management Inc., Potomac Capital Management V LLC, Potomac Capital Partners V, LP, and Paul J. Solit, reports their beneficial ownership of shares in XCel Brands, Inc. The filing indicates that the Reporting Persons collectively own 6.6% of the company's common stock, with 315,299 shares held directly by Potomac Capital Partners V, LP and an additional 950 shares held in accounts in the names of Mr. Solit's children. The filing is made pursuant to Rule 13d-1(c) and includes a Joint Filing Agreement, confirming that the Reporting Persons agree to the joint filing of this statement. The principal business office of the Reporting Persons is located at 360 East 89th Street, Apt 8B, New York, NY, 10128.