MIAMI--(BUSINESS WIRE)--Aug. 29, 2007--Perry Ellis International (NASDAQ:PERY), announced today it has entered into two separate licensing agreements for the Perry Ellis(R) brand. The Company signed an agreement in Korea with Posong Co., Ltd. to develop women's and men's swimwear lines and women's cover ups. In addition, the Company also entered into an agreement with Royal Corporation to manufacture and distribute men's footwear in Japan under the Perry Ellis(R), Perry Ellis Portfolio(R) and Perry Ellis America(R) brands. The Company also signed an agreement with Viet Tien Garment Export-Import Corporation for the Manhattan(R) brand in Vietnam. All agreements are expected to benefit Perry Ellis International in the next fiscal year (fiscal 2009) and beyond.

"International expansion remains a key strategy of Perry Ellis International and we are pleased to have identified strong partners to continue our growth outside the U.S. Posong, Royal and Viet Tien are leading companies that possess the talent and infrastructure to successfully introduce and grow Perry Ellis swimwear in Korea, footwear in Japan, and the Manhattan(R) lifestyle in Vietnam," said George Feldenkreis, chief executive officer of Perry Ellis International.

Posong Co., Ltd., one of the leading apparel producers in Korea, will develop women's and men's swimwear lines and women's swimwear cover-ups for Perry Ellis(R) for the Korean market. The line will be distributed in upscale department and specialty stores in spring of 2008.

Royal Corporation is a leader in footwear design and manufacturing in Japan and will launch in spring 2008 the Perry Ellis(R), Perry Ellis Portfolio(R) and Perry Ellis America(R) footwear lines in dress, casual and athletic. The lines will be distributed in upscale department and specialty stores.

Viet Tien Garment Export-Import Corporation, the largest garment company in Vietnam, will develop a full line of clothing under the Manhattan(R) brand, initially concentrating on dress shirts. In addition, the agreement covers knit and woven sport shirts, dress and casual pants and shorts, sport jackets, suits and suit separates, sweaters, jackets and coats plus accessories including neckties, hosiery, underwear and sleepwear. The line will be distributed through Viet Tien's distribution network throughout Vietnam.

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), Savane(R), Munsingwear(R), Original Penguin(R) by Munsingwear(R), AXIST(R), Grand Slam(R), John Henry(R), Natural Issue(R), Farah(R), Pro Player(R), Manhattan(R), the Havanera Co. (R), Axis(R), Tricots St. Raphael(R), Mondo di Marco(R), Redsand(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 Posong Co. Ltd.

Posong Co., Ltd, headquartered in Seoul, Korea, is a leading manufacturer, distributor and marketer of women's and men's swimwear brands such as Paco Rabanne. The parent company, Yein Co., Ltd., established in 1963, is the owner of Tulip, the first local swimwear brand in Korea. Yein Co., Ltd. also licenses Marie Claire and Air Walk.

About Royal Corporation.

Royal Corporation, headquartered in Nagoya, Japan, is a leader in footwear in Japan and markets some of the strongest brands in the Asian market.

About Viet Tien Garment Co.

Viet Tien Garment Co. is the largest garment company in Vietnam and its products have been exported throughout the world. The reputable Viettien trademark has won the confidence of Vietnamese consumers and is found in upscale department and specialty stores.

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.

CONTACT: Perry Ellis International, Miami
Investor Relations
Francisco G. Hoffmann, 305-873-1365

SOURCE: Perry Ellis International