Everlast Worldwide Inc. to License Footwear in the U.K. and Republic of Ireland
Expands Relationship with Wilson Imports of Scotland
NEW YORK, Dec. 15 /PRNewswire-FirstCall/ -- Everlast(R) Worldwide Inc. (Nasdaq: EVST), manufacturer, marketer and licensor of sporting goods and apparel under the Everlast brand name, announced today that it has signed a new license for men's, women's and children's footwear in the U.K. and Republic of Ireland. Everlast will continue to supply professional and amateur boxing shoes to the market. Wilson Imports Ltd. of Glasgow, Scotland will distribute the Everlast- branded footwear to sporting goods retailers, department stores and athletic footwear retailers in the region. This agreement with Wilson Imports is in addition to the company's license for Everlast active apparel signed earlier this year. Seth Horowitz, Chairman, CEO and President of Everlast, said, "Today's agreement between Everlast and Wilson Imports marks another step in our international licensing program, which we are taking to a more refined level for increased brand exposure in each region of the world. Everlast has realized early success with Wilson Imports' active apparel line, and we anticipate high market penetration within their distribution territory by their combined efforts in apparel and footwear. We view the U.K. and Republic of Ireland as separate markets from the rest of Europe, as tastes and consumer needs differ substantially, and this new licensing agreement will help to meet those demands." Iain Wilson, Jr., Director of Wilson Imports Ltd., stated "Wilson Imports is pleased to bring a new line of footwear to the markets in the U.K. and Republic of Ireland, using our already strong distribution channels throughout the region. Moreover, we are excited to expand our relationship with Everlast Worldwide, a company with international brand recognition and loyalty." 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. 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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