Everlast Worldwide Renews and Expands License in Japan

    NEW YORK, Jan. 10 /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 a renewal and expansion of the licensing agreement with Tomen
 America Inc., which sells Everlast-branded products in Japan and has been an
 important Everlast licensee for 10 years.
     Under terms of the agreement, Tomen will continue to produce men's,
 women's and children's apparel, as well as exercise equipment including
 aerobic fitness products, treadmills and weight lifting equipment. Tomen will
 also design a new line of men's and women's underwear. The Everlast products
 will be sold in Japan to sporting goods retailers, department stores and other
 better retailers.
     Seth Horowitz, Chairman, CEO and President of Everlast Worldwide, said,
 "Everlast has a long-standing, positive relationship with Tomen America. We
 have experienced significant annual growth since 2001. Tomen America is known
 for its superior design capabilities, very high quality and attention to
 detail. This agreement will further leverage our position in the Japanese
 apparel market, as part of our overall attention to the international
 licensing program."
     Mutsuo Yamaguchi, Vice President and General Manager of Tomen America,
 stated, "Our Everlast brand business in Japan has grown three-fold since 2000,
 and this agreement positions both of our companies to capitalize on that
 growth rate. The Everlast brand is highly recognized, and this expanded line
 of products will allow us to meet the consumer in all aspects of his or her
 lifestyle."
 
     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.