NEW YORK, Nov. 14 /PRNewswire-FirstCall/ -- Iconix Brand Group, Inc.,
(Nasdaq: ICON) (the "Company") announced today an international licensing
agreement for its JOE BOXER(R) brand for men's and women's footwear with Marin
Group International, LLC ("Marin Group"), a leading footwear company based in
the United States and Canada. The long term agreement covers men's and women's
casual footwear including slippers, sandals and sneakers. Marin Group has
planned an initial distribution of JOE BOXER footwear in approximately 100
retail stores to launch in June 2006.
"Our JOE BOXER business in Canada is growing rapidly in better department
and specialty stores. The recent launch of JOE BOXER active apparel in Canada
has helped create a demand for multiple product categories including footwear.
Marin Group's management team has an extensive background in building big
consumer footwear brands," commented Bill Sweedler, President of the Company's
JOE BOXER division.
Founded in 2003, Marin Group was formed by a group of footwear
professionals that have worked for Polo, Teva, and Addidas during their
careers. "We are excited to partner with the Iconix Brand Group in Canada and
look forward to building a successful JOE BOXER footwear business. Considering
the phenomenal success of the JOE BOXER brand in Canada, we believe that
consumers will embrace footwear inspired by JOE BOXER's cool and irreverant
heritage," said Ron Page, CEO of Marin Group.
About Iconix Brand Group, Inc.
Iconix Brand Group, Inc. (Nasdaq: ICON) is in the business of marketing
and licensing the CANDIE'S(R), BONGO(R), BADGLEY MISCHKA(R), JOE BOXER(R) and
RAMPAGE(R) trademarks on a variety of apparel and fashion products. Through
its wholly owned subsidiary, Brightstar Footwear, Inc., the Company also
arranges for the manufacture of footwear products for mass market retailers.
For investor information please visit the corporate Web site at
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 performance
of the Company's licensees and their on going ability to generate royalty
revenue, continued market acceptance of the Company's brands, uncertainty
related to the ability to successfully develop and market new products under
these brands, uncertainties relating to the Company's licensees' customer
plans and commitments, competition, uncertainties relating to the economy, 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, and other risks detailed in the Company's
SEC filings. The words "believe," "anticipate," "expect," "confident," 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: Maria Dolgetta,
Public Relations Director
Iconix Brand Group, Inc.
SOURCE Iconix Brand Group, Inc.,
/CONTACT: Maria Dolgetta, Public Relations Director, Iconix Brand Group,
Inc., +1-212-819-2084, email@example.com /
/Web site: http://iconixbrand.com /