Iconix Brand Group Files Common Stock Offering
November 10 2006 - 8:30AM
PR Newswire (US)
NEW YORK, Nov. 10 /PRNewswire-FirstCall/ -- Iconix Brand Group,
Inc. (NASDAQ:ICON) ("Iconix" or the "Company"), today announced it
has filed a registration statement with the Securities and Exchange
Commission for an offering of shares of its common stock for the
Company and certain of its stockholders. Merrill Lynch & Co.
and Lehman Brothers are acting as joint bookrunning managers for
the offering, with Lazard Capital Markets, Piper Jaffray and
Wachovia Securities acting as co-managers for the offering. Iconix
expects that it will offer approximately $150 million of its common
stock and selling stockholders, which include management and
individuals that received Iconix stock in connection with the
Mossimo and Mudd acquisitions, will sell approximately $50 million
of stock. A registration statement relating to these securities has
been filed with the Securities and Exchange Commission but has not
yet become effective. These securities may not be sold nor may
offers to buy be accepted prior to the time the registration
statement becomes effective. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy
nor shall there be any sale of these securities in any state in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state. Iconix Brand Group Inc. (NASDAQ:ICON) owns, licenses and
markets a growing portfolio of consumer brands including
CANDIE'S(R), BONGO(R), BADGLEY MISCHKA(R), JOE BOXER(R),
RAMPAGE(R), MUDD(R), LONDON FOG(R), MOSSIMO(R) and OCEAN
PACIFIC(R). The Company licenses its brands to a network of leading
retailers and manufacturers that touch every major segment of
retail distribution from the luxury market to the mass market in
both the U.S. and around the world. Iconix, through its in-house
advertising, promotion and public relations agency, markets its
brands to continually drive greater consumer awareness and equity.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995. The statements that are not historical facts
contained in this press release are forward looking statements that
involve a number of known and unknown risks, uncertainties and
other factors, all of which are difficult or impossible to predict
and many of which are beyond the control of the Company, which may
cause the actual results, performance or achievements of the
Company to be materially different from any future results,
performance or achievements expressed or implied by such forward
looking statements. Such factors include, but are not limited to,
uncertainty regarding the results of the Company's acquisition of
additional licenses, continued market acceptance of current
products and the ability to successfully develop and market new
products particularly in light of rapidly changing fashion trends,
the impact of supply and manufacturing constraints or difficulties
relating to the Company's licensees' dependence on foreign
manufacturers and suppliers, uncertainties relating to customer
plans and commitments, the ability of licensees to successfully
market and sell branded products, competition, uncertainties
relating to economic conditions in the markets in which the Company
operates, the ability to hire and retain key personnel, the ability
to obtain capital if required, the risks of litigation and
regulatory proceedings, the risks of uncertainty of trademark
protection, the uncertainty of marketing and licensing acquired
trademarks and other risks detailed in the Company's SEC filings.
The words "believe," "anticipate," "expect," "confident,"
"project," provide "guidance" and similar expressions identify
forward-looking statements. Readers are cautioned not to place
undue reliance on these forward looking statements, which speak
only as of the date the statement was made. Contact: David Conn
Executive Vice President Iconix Brand Group 212.730.0030 Joseph
Teklits Integrated Corporate Relations 203.682.8200 DATASOURCE:
Iconix Brand Group, Inc. CONTACT: David Conn, Executive Vice
President, Iconix Brand Group, +1-212-730-0030; or Joseph Teklits,
Integrated Corporate Relations, +1-203-682-8200 Web site:
http://www.iconixbrand.com/
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