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Iconix to expand & open new markets for its brands

17 Jan '08
3 min read

Internationally, the Company has signed a long-term master license agreement with Pena Group to distribute the Rampage brand exclusively in Thailand.

Pena Group is one of the leading manufacturers and fashion retailers in Thailand, with more than 100 free standing retail stores and 150 shop-in-shops throughout Thailand and currently holds the license for a variety of international fashion brands including Nautica, Ecko Unlimited and Diesel in Thailand.

The Company has also extended a master license for its Op brand with MGS for men's, women's and children's apparel and accessories including bags and backpacks in Israel.

Neil Cole, Chairman and CEO, Iconix, stated, "We are pleased to welcome our new partners to our expansive network of over two hundred licensees worldwide. Iconix continues to grow and we are always excited to pair with industry leaders as we expand our brands into complete lifestyle collections in the Unites States and abroad."

Separately, the Company is reaffirming its previously stated guidance for the full years 2007 and 2008. For 2007, the Company is reaffirming revenue and fully diluted EPS at the higher end of its ranges of $150 - $160 million and $0.96 - $1.00 respectively.

For 2008, the Company is reaffirming its previously stated guidance of revenue between $240 - $250 million and fully diluted EPS between $1.35 and $1.40. As announced earlier, management will be presenting this afternoon at the 10th Annual ICR XChange Conference.

The audio portion of the presentation will be webcast live. The presentation materials will be posted at the Company's web site. The webcast can be found in the investor relations section of the company website.

Iconix Brand Group Inc

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