Crocs, Inc. Announces Peter Case Has Assumed the Role of Chief Financial Officer; Caryn Ellison to Be Vice President of Finance.

NIWOT, Colo. -- Crocs, Inc. (NASDAQ:CROX) today announced that in accordance with previously disclosed plans, Peter S. Case, currently Senior Vice President - Finance, has assumed the additional title of Chief Financial Officer. Mr. Case replaces Caryn Ellison, who will continue to serve as Vice President - Finance.

Mr. Case, 45 , joined the Company from Ashworth, Inc. (NASDAQ: ASHW), where he most recently served as Executive Vice President, Chief Financial Officer, and Treasurer. Mr. Case joined Ashworth in 2000, and during his tenure also held several other executive and managerial positions, including Director of Finance, Vice President of Finance, and Senior Vice President of Finance and Information Technology. While at Ashworth, he was responsible for reorganizing both Ashworth's European and outlet store operations, and constructing a new 200,000 square foot state of the art embroidery and distribution center. Prior to that, Mr. Case was employed as the Director of Internal Audit at Guess? Inc. (NYSE: GES) from 1997 to 2000. In this newly created position, Mr. Case oversaw the opening of a new 500,000 square foot distribution center and worked closely with their operations, retail store, and licensing departments. From 1994 to 1997, Mr. Case worked as an international consultant with Occidental Petroleum Corp. (NYSE: OXY), working for extended periods in Brazil, Qatar, and The Netherlands. Mr. Case began his career in the attestation support service division of Deloitte & Touche LLP in both the Honolulu and Sydney, NSW, offices.

Ron Snyder, President and Chief Executive Officer of Crocs Inc., commented "We are very pleased with the recent addition of Peter to the Company and we look forward to further benefiting from his broad range of financial expertise as he assumes the role of Chief Financial Officer. We are confident that his leadership capabilities will be invaluable to us as we continue to enhance our infrastructure, expand our domestic and international operations, and create a stronger platform to support our future growth plans."

"The transition from a private to public entity is an extremely important period for any company and I would like to personally thank Caryn for her guidance over the past year," continued Mr. Snyder. "We believe we have developed a very strong and capable management team that is committed to capitalizing on the many opportunities that lie ahead and dedicated to returning significant value to our shareholders."

About Crocs, Inc.

Crocs, Inc. is a rapidly growing designer, manufacturer and marketer of footwear for men, women and children under the crocs brand. All of our footwear products incorporate our proprietary closed-cell resin material, which we believe represents a substantial innovation in footwear comfort and functionality. Our proprietary closed-cell resin, which we refer to as croslite(TM) enables us to produce a soft and lightweight, non-marking, slip- and odor-resistant shoe. These unique properties make crocs footwear ideal for casual wear, as well as for recreational uses such as boating, hiking, fishing and gardening, and have enabled us to successfully market our products to a broad range of consumers. crocs come in a wide array of colors and styles are sold in more than 6,500 North American retail locations and at our e-tailing website, www.CROCS.com.

Forward Looking Statements

The matters regarding the future discussed in this news release include forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. These risks and uncertainties include, but are not limited to, the following: our limited operating history; our significant recent expansion; changing fashion trends; our reliance on market acceptance of the small number of products we sell; our ability to develop and sell new products; our limited manufacturing capacity and distribution channels; our reliance on third party manufacturing and logistics providers for the production and distribution of our products; our reliance on a single-source supply for certain raw materials; our management and information systems infrastructure; our ability to obtain and protect intellectual property rights; the effect of competition in our industry; the potential effects of seasonality on our sales; our ability to attract, assimilate and retain management talent; and other factors described in our annual report on Form 10-K under the heading "Risk Factors." Readers are encouraged to review that section and all other disclosures appearing in our filings with the Securities and Exchange Commission.