Everlast Worldwide Inc. Signs New Licensing Agreement for Work Boots and Safety Footwear

Dec 13, 2005, 00:00 ET from Everlast Worldwide Inc.

    NEW YORK, Dec. 13 /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 licensing agreement for work boots, safety shoes, steel-toed shoes and
 electrostatic dissipating footwear in the U.S. and Canada. The new products
 will be sold to retailers specializing in this type of footwear, as well as
 directly to manufacturing factories in the U.S. and Canada.
     Federated Venture Capital Group of Beijing will lead the consortium of
 companies, including M&B Imports of Miami and Rontex Federated of Beijing,
 combining efforts to offer this innovative new Everlast line.
     Seth Horowitz, Chairman, President and CEO of Everlast Worldwide Inc.,
 said, "The work boots and safety footwear are tough and rugged applications of
 the Everlast name in our already successful footwear category. This is one of
 several steps that we have taken and will continue to take in order to
 maximize our footwear presence in the U.S., Canada and abroad. Consumers turn
 to the Everlast brand for its durability and value whether at work, play or
 leisure. In this case, the consumer also depends on quality that will stand up
 to severe conditions while providing foot protection. The Federated Venture
 Capital Group and its partners are more than capable of delivering on our
 company's authentic traditions."
     B.P. Chien, Chief Portfolio Strategist of Federated Venture Capital,
 added, "I am pleased and honored to work with such a great team at Everlast
 Worldwide. Given our association with a world-renowned brand of Everlast's
 stature, I am extremely optimistic regarding the enormous opportunities that
 this deal can bring to our organizations."
     About Everlast Worldwide Inc.
     Everlast Worldwide Inc. manufactures, markets and licenses sporting goods
 and apparel 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 95 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. Through its apparel division, Everlast men's active wear
 products are sold to over 20,000 retail locations throughout the United States
 and Canada, including a variety of department stores, specialty stores,
 catalog operations and better mass merchandisers. In addition to producing and
 marketing the 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 licensed products generate over $700
 million in revenues. The company's Web site can be found at
 http://www.everlast.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.