PERY Perry Ellis International Inc. (delisted)

Perry Ellis International (NASDAQ:PERY), announced today that its affiliated company, PEI Licensing, Inc. (collectively �Perry Ellis� or the �Company�) has entered into five new licensing agreements with Randa Corp to design, manufacture and distribute neckwear for the U.S. market under the Perry Ellis�, Perry Ellis Portfolio�, Original Penguin by Munsingwear�, Tricots St. Raphael�, Axist� and John Henry� brands. In addition, the Company also announced that it has entered into another licensing agreement with Randa Luggage to design, manufacture and distribute men�s, women�s and children�s luggage for the U.S. and Canadian markets under the Perry Ellis� and Perry Ellis Portfolio� brands. Oscar Feldenkreis, President and Chief Operating Officer of Perry Ellis International, said: �Randa Corp and Randa Luggage are leaders in the neckwear and luggage markets and the right partners to interpret each of the lifestyles represented by Perry Ellis, Original Penguin, Tricots St. Raphael, Axist and John Henry. We are extremely excited about the potential of these agreements and we look forward to working together with Randa on a successful launch.� Perry Ellis and Perry Ellis Portfolio neckwear and luggage products will be available in specialty and major department stores such as Macy�s. Meanwhile, Original Penguin by Munsingwear and Tricots St. Raphael will be available in better department stores such as Saks Fifth Avenue, Bloomingdale�s and Nordstrom. Finally, John Henry will be distributed at mid-tier department stores such as Stage Stores and Mervyn�s, while Axist is available exclusively at Kohl�s. Neckwear will be available at retail for Fall 2008. Luggage products will be available at retail for Fall 2009. �This is a major strategic alliance for Randa Corp and Randa Luggage,� said David Katz, Senior Vice President and Chief Marketing Officer. �These are all outstanding brands that resonate strongly with the consumer at their respective channels of distribution. We will work closely together with Perry Ellis International to bring to the market great products that interpret the lifestyle of each brand.� 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�, Jantzen�, Laundry by Shelli Segal�, C&C California�, Cubavera�, Munsingwear�, Savane�, Original Penguin� by Munsingwear�, Grand Slam�, Natural Issue�, Pro Player�, the Havanera Co.�, Axis�, Tricots St. Raphael�, Gotcha�, Girl Star� and MCD�. The Company enhances its roster of brands by licensing trademarks from third parties including Dockers� for outerwear, Nike� and JAG� for swimwear, and PING� and PGA TOUR� for golf apparel. Additional information on the Company is available at http://www.pery.com. About Randa Accessories Randa Accessories is the leading manufacturer, distributor and marketer of lifestyle accessories including belts, wallets, small leather goods, neckwear, luggage, casual bags, business cases and gifts including luxury, licensed and private branded products. 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.