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dELiA*s Inc to trade on Nasdaq

Dec '05
dELiA*s Inc, direct advertising and retail company comprised of three lifestyle brands primarily targeting consumers between the ages of 12 and 19, announced that the Securities and Exchange Commission declared effective on December 29, 2005 the Post-Effective Amendment to its Registration Statement on Form S-1.

The Post-Effective Amendment relates to the subscription rights, and shares of common stock underlying the subscription rights, to be offered to the Company's stockholders in its previously announced $20 million rights offering.

The Company expects that its common stock will trade ex-rights on the Nasdaq National Market beginning on December 30, 2005.

Upon the commencement of ex-rights trading in dELiA*s' common stock, the dELiA*s Inc rights will also be listed for trading on the Nasdaq National Market under the ticker symbol "DLIAR," though an active trading market in the rights may not commence.

Delivery of rights certificates will be mailed starting on or about January 3, 2006.

In the rights offering, dELiA*s shareholders of record as of 5:00 p.m. on December 28, 2005 will receive at no charge 0.11533 of a subscription right for each share of dELiA*s common stock held.

Each whole right will entitle the rights holder to purchase one share of common stock for $7.43 per share. The rights will expire, if not exercised, at 5:00 p.m. New York City time, on January 27, 2006, unless extended by dELiA*s.

A written prospectus may be obtained from Edward Taffet, General Counsel of dELiA*s. Mr. Taffet can be reached at 435 Hudson Street, New York, New York 10014, telephone (212) 807-9060 or by email at spinoff@delias.com.

dELiA*s Inc is a direct selling and retail company comprised of three lifestyle brands primarily targeting consumers between the ages of 12 and 19. Its brands -- dELiA*s, Alloy and CCS -- generate revenue by selling apparel, accessories, footwear, room furnishings and action sports equipment predominantly to teenage consumers through direct mail catalogs, websites and, for dELiA*s, mall-based specialty retail stores.

dELiA*s Inc

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