Everlast Worldwide Inc. Signs Agreement With Largest Licensee for Line of Kids' Products

Company Completes the 'Circle of Apparel' Licensed to Jacques Moret

Jun 01, 2006, 01:00 ET from Everlast Worldwide Inc.

    NEW YORK, June 1 /PRNewswire-FirstCall/ -- Everlast Worldwide Inc.
 (Nasdaq:   EVST), manufacturer, marketer and licensor of sporting goods and
 apparel under the Everlast brand name, today announced that it has signed a
 new agreement with its largest licensee, Jacques Moret, Inc. of New York
 City. Effective immediately, this new agreement grants Moret, a major
 supplier to the U.S. apparel market, a license for Everlast boys', girls',
 newborn, infants and toddlers apparel in the United States.
     The new products will be available in early 2007 for shipment to
 retailers. As with the men's activewear license signed in December 2005,
 Moret will partner with M. Hidary and Company Inc. for design, development
 and sales of the boys' portion of the license. M. Hidary has achieved great
 success with its many years of experience in the branded boys, infants and
 toddler apparel business.
     Seth Horowitz, Chairman, President and CEO of Everlast Worldwide Inc.,
 said, "This new license for kids' products completes the 'circle of
 apparel' licensed by Jacques Moret from Everlast, and this agreement
 further evidences the great belief that the company has in the Everlast
 brand. Starting with their successful women's apparel and recently adding a
 menswear license, Jacques Moret has introduced several lines and categories
 with increasing success. We have said in the past that licensing represents
 our greatest growth opportunity, and we will continue to pursue brand
 extensions where they make strategic sense."
     Joey Harary, President of Jacques Moret, Inc., stated, "As the largest
 licensee of Everlast-branded products, we foresee a very lucrative
 long-term future capitalizing on the universal appeal of this iconic brand.
 We believe the brand equity of existing products, as well as the deep
 knowledge and experience our design and production teams bring to the
 Everlast business, will translate into positive market reception. M. Hidary
 and Company Inc. will again partner with us to ensure that the kids'
 apparel business is handled with the dedication and expertise it deserves."
     About Everlast Worldwide Inc.
     Everlast Worldwide Inc. manufactures, markets and licenses sporting
 goods, apparel and active lifestyle products under the Everlast brand name.
 Since 1910, Everlast has been the preeminent brand in the world of boxing
 and is among the most dominant brands in the overall sporting goods and
 apparel industries. Over the past 96 years, Everlast products have become
 the "Choice of Champions(TM)", having been used for training and
 professional fights by many of the biggest names in the sport. Everlast is
 the market leader in nearly all of its product categories, responsible for
 leading eight of the top ten boxing equipment products in sales. In
 addition to producing and marketing boxing equipment and accessories,
 Everlast Worldwide Inc. licenses its brand to providers of men's and
 women's sportswear and active wear, children's wear, footwear, watches,
 cardiovascular exercise equipment and gym/duffel bags. At
     the retail level, Everlast's products generate over $700 million in
 revenues. The company's Web site can be found at http://www.everlast.com.
     About Jacques Moret, Inc.
     Jacques Moret, Inc. manufactures activewear, bodywear and intimates
 under its brand names: Jacques Moret; Everlast; Norma Kamali-Everlast;
 Jockey Activewear; Etonic; Freestyle, a Danskin Company; Scanty; and
 2(X)ist men's underwear. In addition Jacques Moret, Inc. is an activewear
 licensee and is the leading replenishment supplier of both branded and
 private label activewear in department stores, mass merchandisers and
 sporting goods chains nationwide. The company's Web sites can be found at
 http://www.moret.com or http://www.2xist.com.
     Statements made in this Press Release that are estimates of past or
 future performance are based on a number of factors, some of which are
 outside of the Company's control. Statements made in this Press Release
 that state the intentions, beliefs, expectations or predictions of Everlast
 Worldwide, Inc. and its management for the future are forward-looking
 statements. It is important to note that actual results could differ
 materially from those projected in such forward-looking statements.
 Information concerning factors that could cause actual results to differ
 materially from those in forward- looking statements is contained from time
 to time in filings of Everlast Worldwide with the U.S. Securities and
 Exchange Commission. Copies of these filings may be obtained by contacting
 Everlast Worldwide or the SEC.

SOURCE Everlast Worldwide Inc.