ENK International & WSA Join Forces.

NEW YORK -- ENK International ("ENK"), the Fashion Industry's most exclusive tradeshow organization, and WSA Global Holdings LLC ("WSA"), the leading provider of marketing services to the global footwear and accessories industry, today announced that ENK will acquire WSA to accelerate ENK's fashion product category expansion while further enhancing WSA's already impressive growth. In May 2006, Forstmann Little & Co. acquired a majority stake of ENK.

Elyse Kroll, Chairman of ENK and a major shareholder, and Luis Padilla, President of ENK, who joined the company in May 2007 to drive ENK's growth strategy, will continue to lead ENK. Skip Farber, Chief Executive Officer of WSA, and Diane Stone, Chief Operating Officer of WSA, will remain as the executive team at WSA

"Both ENK and WSA have very strong market positions, excellent management teams and significant potential for growth," said Theodore J. Forstmann, Forstmann Little & Co. Senior Founding Partner. "We consider the combination of these two great companies to be the perfect storm of 'best in class' leadership and marketing in the fashion Trade Show Industry. We are very excited about the growth opportunities for this combination."

Elyse Kroll said, "Forstmann Little is the ideal partner to help the ENK - WSA combined company accelerate its growth opportunities and realize its full potential. We have already begun to work with IMG Fashion in some very important areas and we believe the integration of the talented ENK and WSA management teams will allow the company to be in a position to take advantage of the many growth opportunities we see in our future. The strength of the ENK and WSA brands and the value we bring to our customers provide many avenues for growth, and we intend to leverage this remarkable platform to significantly grow the business while maintaining continuity and stability of our valuable customer relationships."

Skip Farber added, "We are very pleased to be teaming up with ENK. Bringing these two leading companies together and leveraging market knowledge, strategy and customer relationships provides us with the opportunity to create one of the most powerful fashion and footwear tradeshow and marketing services companies in the world. The market knowledge and trend leadership for which ENK is renowned combined with the strategic and customer focus, organizational and operational expertise we have built at WSA will enable us to deliver maximum value to both sets of customers. Both companies have a heritage of strong and valued customer relationships, which we intend to continue to enhance to provide and an even better customer experience going forward."

Forstmann Little also has a significant presence in the Fashion Industry through its ownership of IMG Worldwide, the world's premier sports, entertainment and media company. IMG owns and produces Mercedes Benz Fashion Week in New York, as well as, numerous other fashion events globally.

Berkery, Noyes & Company, LLC acted as the WSA's exclusive financial advisor in the transaction. Kirkland & Ellis LLP acted as counsel for Forstmann Little & Co. and Katten Muchin Rosenman LLP acted as counsel for WSA.

About ENK

ENK International provides the forum for the fashion world to conduct business. It is the leading tradeshow organization serving the upscale fashion marketplace, including the men's, women's, accessories, footwear, and children's categories. Founded in 1981 by Elyse N. Kroll, the Company conducts 22 events per year, 16 of which are held in New York City,

and five in Los Angeles. ENK events are attended by critical fashion retailers, representing both specialty and department stores from around the world. They represent over 9,000 domestic and international exhibiting companies, and over one million net square feet of exhibit space.

The Company's FASHION COTERIE brand is the unrivaled marketplace for women's high-end designer, contemporary, denim and lifestyle fashion in the United States and is a "must attend" exhibition for high-end buyers and sellers of women's fashion. SOLE COMMERCE was launched in response to market demand and since its inception in 2001, SOLE COMMERCE has doubled in size. INTERMEZZO Collections debuted in 1988, creating the mid-season buying and selling marketplace for women's wear. Taking place in January, May and August, these shows provide the industry with the opportunity to buy products mid-season and for immediate purchase. The ACCESSORIE CIRUIT brand was launched in 1987 and is the most important women's accessory exhibition in the country and takes place three times each year. The COLLECTIVE, as with all ENK brands, represents only the highest end of the men's fashion world. In 2000, the Company launched its children's exhibition under the brand CHILDREN'S CLUB in response to market demand and customer persuasion. BRIGHTE COMPANIES are the Company's West Coast events in LA. In 2006, ENK International launched its first premium denim exhibition called BLUE, and an intimate showcase for very exclusive international accessories called CLEAR.

About WSA Global Holdings

WSA Global Holdings LLC is the leading provider of marketing services to the global footwear and accessories industry. WSA Global's portfolio of market access solutions includes: The WSA Show[TM], along with its luxury "show within a show," The Collections at WSA[TM], is the largest and most comprehensive footwear exhibition in the world; Materials at WSA[TM], for the footwear supply chain, serving footwear product developers and designers; WSAToday[TM] and WSAToday.com[TM], providing information on products and trends for retailers and buyers in print and online; and the shoebook[TM], the comprehensive online database connecting brands and retailers.

About Forstmann Little & Co.

Since 1978, Forstmann Little has made 30 acquisitions and significant equity investments, returning billions of dollars to its investors. The firm's best-known investments include Gulfstream Aerospace, General Instrument and Ziff-Davis Publishing. The firm currently holds substantial ownership interests in Citadel Broadcasting (NYSE:CDL), a leading radio broadcaster in mid-sized markets, 24 Hour Fitness, the world's largest fitness center company, and IMG Worldwide, the world's premier sports, entertainment and media company and the owner and producer of New York's Mercedes Benz Fashion Week, as well as ENK International.