Exhibit 99.1


               COOLBRANDS ANNOUNCES EXTENSION OF CREDIT FACILITIES

Toronto, Canada, December 30, 2005 - CoolBrands International Inc. (TSX:
COB.SV.A) today announced that it has obtained an extension of its existing
credit facilities with JP Morgan Chase Bank. The maturity date of the existing
facilities has been extended from January 3, 2006 to April 3, 2006. All other
terms and conditions of the existing facilities remain the same.

About CoolBrands International: CoolBrands International is a leading marketer
of dairy based snacks in the refrigerated and frozen snack foods categories. In
the frozen snack foods category, CoolBrands manufactures and distributes such
well known brands as Godiva Ice Cream, Disney Frozen Snacks, Whole Fruit Sorbet,
Eskimo Pie frozen snacks, Tropicana Fruit Bars, Chipwich Ice Cream Cookie
Sandwiches and many others. In the refrigerated dairy category, CoolBrands
manufactures and distributes Breyer's Yogurt and Creme Savers Yogurt. CoolBrands
operates a "direct store delivery" (DSD) ice cream distribution system in
selected markets in the U.S., serving CoolBrands products and a growing family
of Partner Brands to supermarkets, convenience stores and other retail
customers. CoolBrands' 50.1% owned subsidiary, Americana Foods, is a leading
U.S. manufacturer and supplier of soft serve mixes, packaged ice cream, frozen
yogurt and sorbet products, frozen snacks and other food products to well known
national retailers, food companies and restaurant chains. CoolBrands'
Foodservice Division manufactures and sells premium soft serve ice cream and
frozen yogurt to the foodservice industry. CoolBrands' Dairy Components Division
manufactures and sells a full line of quality flavours, chocolate coatings,
fudge sauces, powders for chocolate milk, egg nog bases and other ingredients
and flexible packaging products for use in private label dairy products in
addition to the Company's brands.

For more information about CoolBrands, visit www.coolbrandsinc.com.


Forward Looking Statements

This press release includes certain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995 regarding, among
other things, statements relating to goals, plans and projections regarding the
Company's financial position and business strategy. These statements may be
identified by the fact that they use such words as "anticipate," "estimate,"
"expect," "intend," "plan," "believe," and other words and terms of similar
meaning in connection with any discussion of future operating or financial
performance. Such forward-looking statements are based on current expectations
and involve inherent risks and uncertainties, including factors that could
delay, divert or change any of them, and could cause actual outcomes and results
to differ materially from current expectations. These factors include, among
other things, market factors, competitive product development and promotional
activity, the level of consumer interest in the Company's products, product
costing, the weather, the performance of management, including management's
ability to implement its plans as contemplated, the Company's relationship with
its customers, franchisees, licensees and licensors, governmental regulations
and legislation and litigation. The Company undertakes no obligation to publicly
update any forward-looking statement, whether as a result of new information,
future events or otherwise.


For more information, please contact:
David Stein
Co-Chairman, President and Chief Executive Officer
(631) 737-9700