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 distribute boxing equipment with Leading Brands SA. The Buenos Aires based company will distribute Everlast branded boxing equipment throughout Argentina, Uruguay and Paraguay. The license covers a variety of equipment including boxing gloves, boxing bags, exercise equipment; weight lifting equipment, free weights, benches, and aerobic and martial arts equipment. Initial shipments under the license are expected in the first quarter of 2007. Seth Horowitz, Chairman, President and CEO of Everlast Worldwide, said, "We are excited to add another license in South America, where the Everlast brand is very highly regarded. This new license for boxing equipment with Leading Brands is an important step in our growth in Argentina, Uruguay and Paraguay and demonstrates the leadership the Everlast brand has in the sport of boxing worldwide." Leonardo Schwarzmaier, President of Leading Brands said, "We are pleased to be working with Everlast, especially in a category that is so ingrained in the roots of the company. The Everlast brand is synonymous with boxing, toughness, and durability worldwide, and resonates extremely well with the consumers in our region." 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. 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.