PERY Perry Ellis International Inc. (delisted)

Perry Ellis International (NASDAQ:PERY), through its wholly owned subsidiary PEI Licensing Inc., announced today it has entered into a new licensing agreement with ES Apparel Group Inc. for its Gotcha� brand to launch a Boys� and Girls� collection for fall 2007. �We are thrilled about the expansion of the Gotcha� brand into the Boys� and Girls� market. Globally, the brand has a strong following and we are looking forward to a warm reception from consumers in these new categories,� said Seth Ellison, president of Perry Ellis International�s Swim & Action Sports Division. Through this agreement with ES Apparel Group, the Gotcha� brand will expand to the Boys� and Girls� sportswear categories, and continue as a leading name in California youth-lifestyle products. Ezra Shalam, chief executive officer of ES Apparel Group, commented, �I couldn�t be more excited about this licensing partnership with an icon such as Perry Ellis International to launch Gotcha� brand apparel for boys and girls. I am very pleased that our line was so well received and that we will have immediate placement with nearly every major retailer for Fall 07.� Gotcha� Boys� and Girls� products will be available for Back to School 2007 through the brand�s current channels of distribution in mid-tier retailers and specialty stores. The Gotcha� collection will be offered in infant, toddler and youth sizes. About Perry Ellis International Perry Ellis International, Inc. is a leading designer, distributor and licensor of a broad line of high quality men's and women's apparel, accessories, and fragrances. The company's collection of dress and casual shirts, golf sportswear, sweaters, dress and casual pants and shorts, jeans wear, active wear and men's and women's swimwear is available through all major levels of retail distribution. The company, through its wholly owned subsidiaries, owns a portfolio of nationally and internationally recognized brands including Perry Ellis(R), Jantzen(R), Cubavera(R), Munsingwear(R), Savane(R), Original Penguin(R), Grand Slam(R), Natural Issue(R), Pro Player(R), the Havanera Co.(R), Axis(R), Tricots St. Raphael(R), Gotcha(R), Girl Star(R) and MCD(R). The company enhances its roster of brands by licensing trademarks from third parties including Dockers(R) for outerwear, Nike(R) and JAG(R) for swimwear, and PING(R) and PGA TOUR(R) for golf apparel. Additional information on the company is available at http://www.pery.com. About Gotcha� Gotcha� launched its first swim trunk line in 1978 from a Laguna Beach garage. The company took the surf market by storm by creating apparel that captured the individuality and athleticism of the coastal beach culture. By 1982, Gotcha� was a household name to surfers around the world. The brand made a major impact in the market throughout the 80�s and 90�s, sponsoring two world champion surfers and dozens of top ten contenders. PEI Licensing, Inc. acquired the trademark in January 2006, helping the brand build upon its strong domestic and international name recognition. About ES Apparel Inc. ES Apparel Group, Inc. is an award winning children�s apparel design and manufacturing company. The company services mid-tier and specialty distribution channels with well-designed, quality products that provide the consumer with well-priced, high value goods. The company markets house brands, private label, and licensed products such as Gotcha�, Rawlings and Curious George. To accommodate its growth the company will be moving into a new 7,000 sq ft state-of-the-art showroom in April 2007 located at 34 West 33rd Street, Suite 800, New York, NY 10001. For additional information on the company and products call 212-695-0002. Safe Harbor Statement We caution readers that the forward-looking statements (statements which are not historical facts) in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations rather than historical facts and they are indicated by words or phrases such as "anticipate," "could," "may," "might," "potential," "predict," "should," "estimate," "expect," "project," "believe," "plan," "envision," "continue," "intend," "target," "contemplate," or "will" and similar words or phrases or comparable terminology. We have based such forward-looking statements on our current expectations, assumptions, estimates and projections. While we believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements, many of which are beyond our control. These factors include: general economic conditions, a significant decrease in business from or loss of any of our major customers or programs, anticipated and unanticipated trends and conditions in our industry, including the impact of recent or future retail and wholesale consolidation, the effectiveness of our planned advertising, marketing and promotional campaigns, our ability to contain costs, disruptions in the supply chain, our future capital needs and our ability to obtain financing, our ability to integrate acquired businesses, trademarks, tradenames and licenses, our ability to predict consumer preferences and changes in fashion trends and consumer acceptance of both new designs and newly introduced products, the termination or non-renewal of any material license agreements to which we are a party, changes in the costs of raw materials, labor and advertising, our ability to carry out growth strategies including expansion in international and direct to consumer retail markets, the level of consumer spending for apparel and other merchandise, our ability to compete, exposure to foreign currency risk and interest rate risk, possible disruption in commercial activities due to terrorist activity and armed conflict, and other factors set forth in Perry Ellis International's filings with the Securities and Exchange Commission. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including those risks and uncertainties detailed in Perry Ellis' filings with the SEC. You are cautioned not to place undue reliance on these forward-looking statements, which are valid only as of the date they were made. We undertake no obligation to update or revise any forward-looking statements to reflect new information or the occurrence of unanticipated events or otherwise.