EVST Everlast Worldwide (MM)

Everlast(R) Worldwide Inc. (Nasdaq: EVST), manufacturer, marketer and licensor of sporting goods, apparel, footwear and other active lifestyle products under the Everlast brand name, today announced that it has signed a new license to manufacture and distribute athletic and casual footwear for men, women and children with E.S. Originals Inc, a footwear marketer with over $1 billion in annual retail sales. The New York City headquartered company will distribute the Everlast branded products beginning in the second quarter of 2007 to sporting goods, athletic footwear and department stores in the U.S. and Canada. This new license replaces Everlast's former footwear license with the Meldisco division of Footstar, Inc. that focused on mass merchant retailers. This change allows Everlast to elevate its footwear distribution to match its apparel channels of trade. Thus, a fully coordinated line of Everlast apparel and shoes will be available to better retailers, in conjunction with the company's apparel licensees. Seth Horowitz, Chairman, President and CEO of Everlast Worldwide, said, "We are very pleased to have transitioned our footwear license and aligned it seamlessly with our broader suite of licensed products. The management of E.S. Originals has unparalleled experience in footwear marketing, distribution and sales, and complements our high quality group of licensing partners. We expect this group's unique product offerings to bolster our existing worldwide footwear programs and add to the luster of the iconic Everlast brand." Eddie Esses, President of E.S. Originals said, "By capitalizing on the famed Everlast brand and its positive consumer associations, we plan to offer a new and exciting line of footwear that will ignite the market with unique styles, inspired by the authenticity of the Everlast brand while meeting the latest demands in fashion and sports. Drawing on our expertise in creative design, sourcing and marketing, we plan to introduce Everlast footwear to today's trendsetters, which will give the brand broader appeal, especially among a younger generation. In tandem with Everlast's apparel licensees, we will be able to offer the consumer a fully coordinated product line." About Everlast Worldwide Inc. Everlast Worldwide Inc. manufactures, markets and licenses sporting goods, apparel, footwear and other 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 the 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, nutritional foods and gym/duffel bags to name just a few categories. At the retail level, Everlast's licensed products generate more than $700 million in revenues. The company's Web site can be found at http://www.everlast.com. About E.S. Originals Inc. E.S. Originals, founded in 1954 is one of the major footwear marketers in the US today, with retail sales of over $1 billion per year. The multi-faceted company is a full service organization with over 1,000 professionals in its US and overseas offices. E.S. Originals currently develops and markets all categories of men's, women's, boys' and girls' footwear. The company's Web site can be found at http://www.esoriginals.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.