Perry Ellis Enters into License Agreement with Euro Vision for Eyewear and Sunglasses.Business Editors MIAMI--(BUSINESS WIRE)--Feb. 6, 2004 Perry Ellis International Perry Ellis International is a leading international marketer of clothing, offering a diverse portfolio of brands through multiple distribution channels. PEI Brands
Perry Edwin Ellis was born in Portsmouth, Virginia, on March 3, 1940, as the only child of Edwin and Winifred (R) eyewear and sunglasses in Central America Central America, narrow, southernmost region (c.202,200 sq mi/523,698 sq km) of North America, linked to South America at Colombia. It separates the Caribbean from the Pacific. , South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. and the Caribbean. "We are excited about the opportunities in this market where the brand is so dominant," said George Feldenkreis, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Perry Ellis International. "We are pleased to partner with Euro Vision and to take advantage of the company's expertise in marketing premium eyewear to Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. ." Anil Lal, president of Euro Vision, said: "Perry Ellis International understands the uniqueness and the complexity of Latin America. They are focused on the potential for growth in this territory and we are pleased to be part of this effort." The Perry Ellis(R) eyewear and sunglass collection will be designed for the unique tastes of the region and will include 25 ophthalmic styles and 15 sunglass styles. The frames will be made of metals such as Monel, stainless steel stainless steel: see steel. stainless steel Any of a family of alloy steels usually containing 10–30% chromium. The presence of chromium, together with low carbon content, gives remarkable resistance to corrosion and heat. , memory metal and titanium. The entire collection will be will be designed and produced in Italy, and will be available in stores in June 2004. About Euro Vision Euro Vision produces and distributes eyewear throughout Latin America and the Caribbean. The company opened a design office in Italy in 2002. About Perry Ellis International Perry Ellis International, Inc. is a leading designer, distributor and licensor of a broad line of high quality men's sportswear, including casual and dress casual shirts, golf sportswear, sweaters, dress casual pants and shorts, jeans wear, active wear and men's and women's swimwear to all major levels of retail distribution. The company, though its wholly owned subsidiaries Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , owns the following portfolio of brands including 18 of the leading names in fashion some of which are: Perry Ellis(R), Jantzen(R), Cubavera(R), Munsingwear(R), John Henry(R), Original Penguin Original Penguin is an apparel company that sells clothing, footwear, and eyewear. It was established in 1955 by Munsingwear, a Minneapolis-based underwear and military garment store, when it introduced the original Original Penguin golf-shirt in the United States. (R), Grand Slam(R), Natural Issue(R), Penguin Sport(R), the Havanera Co.(TM), Axis(R), and Tricots St. Raphael(R). The company also licenses trademarks from third parties including the Nike(R), Tommy Hilfiger(R) for swimwear, PING(R) golf apparel and Ocean Pacific(R) for men's sportswear. Additional information on PEI is available at http://www.pery.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement 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 The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. The actual results of Perry Ellis could differ materially from those expressed or indicated by forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, general economic conditions, a significant decrease in business from or loss of any of our major customers, the effectiveness of Perry Ellis' planned advertising, marketing and promotional campaigns, the ability of Perry Ellis to contain costs, Perry Ellis' future capital needs and ability to obtain financing, changes in fashion trends and consumer acceptance of both new designs and newly introduced products, ability to predict consumer preferences, anticipated trends and conditions in Perry Ellis' industry, including future consolidation, the seasonality of Perry Ellis' swimwear business, termination or non-renewal of any material license agreements to which Perry Ellis is a party, ability to integrate businesses, trademarks, trade names and licenses, including Salant, changes in costs of raw materials, labor and advertising costs, competition, the level of consumer spending for apparel and other merchandise, exposure to foreign currency risk, possible disruption in commercial activities due to terrorist activity and armed conflict and other factors, including those set forth in Perry Ellis' 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. Any forward-looking statements speak only as of the day hereof and Perry Ellis disclaims any intent or obligation to update the same. |
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