Everlast Worldwide Inc. to Launch Apparel, Footwear in the Philippines Fourth quarter debut expected as Everlast enters licensing agreement with

Manila-based WS Sports, Inc.



    NEW YORK, April 26 /PRNewswire-FirstCall/ -- Everlast Worldwide Inc.
 (Nasdaq:   EVST), manufacturer, marketer and licensor of sporting goods,
 apparel and other active lifestyle products under the Everlast brand name,
 today announced that it has signed a licensing agreement with Manila-based
 WS Sports, Inc. to manufacture and distribute Everlast-branded men's,
 women's and children's apparel, footwear, underwear and socks in the
 Philippines. The new products are expected to be introduced by the fourth
 quarter of this year.
     Seth Horowitz, Chairman, President and CEO of Everlast Worldwide, said,
 "The Philippines represent a high growth and relatively untapped market for
 Everlast. Given the island nation's heritage in the martial arts, and
 recent success in championship boxing, the Everlast brand name holds
 special meaning for its citizens and enjoys a high degree of consumer
 awareness. In addition to unparalleled knowledge of the sports apparel and
 footwear markets, WS Sports possesses many strengths, particularly in the
 areas of design, distribution and marketing and has a tremendous commitment
 to quality. We look forward to a successful launch of their Everlast
 products."
     Mr. Chim Esteban, President of WS Sports, Inc., added, "The Everlast
 brand has achieved what many brands strive for but few accomplish, namely
 an international reputation for quality and a universal appeal. We are also
 particularly impressed with the company's management team and its
 commitment to expand the brand in a controlled and highly strategic way as
 well as its deployment of highly impactful marketing and brand-building
 efforts."
     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 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.

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