NEW YORK, Nov. 10 /PRNewswire-FirstCall/ -- Iconix Brand Group, Inc.
(Nasdaq: ICON) ("Iconix" or the "Company"), today announced it has filed a
registration statement with the Securities and Exchange Commission for an
offering of shares of its common stock for the Company and certain of its
stockholders. Merrill Lynch & Co. and Lehman Brothers are acting as joint
bookrunning managers for the offering, with Lazard Capital Markets, Piper
Jaffray and Wachovia Securities acting as co-managers for the offering.
Iconix expects that it will offer approximately $150 million of its common
stock and selling stockholders, which include management and individuals that
received Iconix stock in connection with the Mossimo and Mudd acquisitions,
will sell approximately $50 million of stock.
A registration statement relating to these securities has been filed with
the Securities and Exchange Commission but has not yet become effective.
These securities may not be sold nor may offers to buy be accepted prior to
the time the registration statement becomes effective. This press release
shall not constitute an offer to sell or the solicitation of an offer to buy
nor shall there be any sale of these securities in any state in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state.
Iconix Brand Group Inc. (Nasdaq: ICON) owns, licenses and markets a
growing portfolio of consumer brands including CANDIE'S(R), BONGO(R), BADGLEY
MISCHKA(R), JOE BOXER(R), RAMPAGE(R), MUDD(R), LONDON FOG(R), MOSSIMO(R) and
OCEAN PACIFIC(R). The Company licenses its brands to a network of leading
retailers and manufacturers that touch every major segment of retail
distribution from the luxury market to the mass market in both the U.S. and
around the world. Iconix, through its in-house advertising, promotion and
public relations agency, markets its brands to continually drive greater
consumer awareness and equity.
Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995. The statements that are not historical facts contained in this press
release are forward looking statements that involve a number of known and
unknown risks, uncertainties and other factors, all of which are difficult or
impossible to predict and many of which are beyond the control of the Company,
which may cause the actual results, performance or achievements of the Company
to be materially different from any future results, performance or
achievements expressed or implied by such forward looking statements. Such
factors include, but are not limited to, uncertainty regarding the results of
the Company's acquisition of additional licenses, continued market acceptance
of current products and the ability to successfully develop and market new
products particularly in light of rapidly changing fashion trends, the impact
of supply and manufacturing constraints or difficulties relating to the
Company's licensees' dependence on foreign manufacturers and suppliers,
uncertainties relating to customer plans and commitments, the ability of
licensees to successfully market and sell branded products, competition,
uncertainties relating to economic conditions in the markets in which the
Company operates, the ability to hire and retain key personnel, the ability to
obtain capital if required, the risks of litigation and regulatory
proceedings, the risks of uncertainty of trademark protection, the uncertainty
of marketing and licensing acquired trademarks and other risks detailed in the
Company's SEC filings. The words "believe," "anticipate," "expect,"
"confident," "project," provide "guidance" and similar expressions identify
forward-looking statements. Readers are cautioned not to place undue reliance
on these forward looking statements, which speak only as of the date the
statement was made.
Contact: David Conn
Executive Vice President
Iconix Brand Group
Integrated Corporate Relations
SOURCE Iconix Brand Group, Inc.
/CONTACT: David Conn, Executive Vice President, Iconix Brand Group,
+1-212-730-0030; or Joseph Teklits, Integrated Corporate Relations,
/Web site: http://www.iconixbrand.com /
CO: Iconix Brand Group, Inc.
ST: New York
IN: FAS REA
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3105 11/10/2006 08:30 EST http://www.prnewswire.com