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 EVERLAST WORLDWIDE INC. SIGNS SPORTS’ PREMIER HAND SURGEON, DR. CHARLES MELONE, AS CONSULTANTDr. Melone to collaborate with Everlast for development of technologically advanced products to protect boxers’ hands during training NEW YORK, New York, February 7, 2002 -- Everlast Worldwide Inc. (Nasdaq: EVST), manufacturer, marketer and licensor of sporting goods and apparel under the Everlast brand name, today announced that the sports world’s leading hand surgeon, Dr. Charles Melone, will serve as a consultant for hand-related Everlast products. Everlast and Dr. Melone will work together to develop technologically advanced training products that will aid in increasing the safety of fighters’ hands during training. Dr. Melone will advise on the safety of other Everlast professional equipment related to the hand. He will also assist in various activities designed to generate increased awareness of these hand-related professional products. George Q Horowitz, chairman and CEO of Everlast Worldwide Inc., said, “The development of innovative products has helped make Everlast the leader in the sport of boxing. For more than 90 years, Everlast has been in the forefront in the development of products and technologies designed to advance the cause of safety in the sport. To further our mission to constantly improve and maintain the quality of our products, we have sought the assistance of Dr. Melone, a world-renowned hand surgeon who enjoys tremendous stature within the athletic community. His knowledge and involvement in our company will greatly assist us in the development of new equipment, enhancing Everlast’s position of preeminence.” Dr. Melone is an orthopedic hand surgeon specializing in sports injuries to the hand and wrist, arthritis of the hand and wrist, hand and wrist fractures, scleroderma and microsurgery. He is the Chief of the Division of Hand Surgery at Beth Israel Medical Center and Clinical Professor of Orthopedic Surgery at Albert Einstein College of Medicine in New York. He received his undergraduate degree from Georgetown University in 1969. He has served as the hand surgery consultant for various professional and amateur sports teams, organizations and individuals, and has managed a diverse spectrum of athletic injuries. His extensive involvement in sports medicine also includes numerous regional and national lectures and a large volume of published manuscripts on hand and wrist injuries. He has been a member of the Board of Regents of Georgetown University, the Arthritis Foundation and the Scleroderma Foundation. “The management of Everlast is forward-looking and is committed to improving the safety of the sport of boxing,” said Dr. Melone. “Given my years of treating athletes, I have many ideas for products designed to reduce the risks of hand injuries. In addition, Everlast possesses a tremendous body of knowledge in such areas as glove design and materials. By working closely with them, we intend to develop products revolutionary in design and function, with safety as the foremost objective.” About Everlast Worldwide Inc. Everlast Worldwide Inc. manufactures, markets and licenses sporting goods and apparel products under the Everlast brand name. Since 1910, Everlast has been the preeminent brand in the world of boxing and is among the most dominant brands in the overall sporting goods and apparel industries. Over the past 90 years, Everlast products have become the “Choice of Champions™”, having been used for training and professional fights by many of the biggest names in the sport. Everlast is the market leader in nearly all of its product categories, responsible for leading eight of the top ten boxing equipment products in sales. Through its apparel division, Everlast men’s and women’s active wear products are sold to over 20,000 retail locations throughout the United States and Canada, including a variety of department stores, specialty stores, catalog operations and better mass merchandisers. In addition to producing and marketing the equipment and accessories, Everlast Worldwide Inc. licenses its brand to providers of men’s and women’s sportswear and active wear, children’s wear, footwear, watches, cardiovascular exercise equipment and gym/duffel bags. At the retail level, Everlast’s licensed products generate over $200 million in revenues. The company’s Web site can be found at http://www.everlast.com. This release contains forward-looking statements that involve risks and uncertainties. The Company’s actual results could differ materially from those anticipated in these forward-looking statements. Factors that may cause such differences include, but are not limited to, the Company’s expansion into new markets, competition, technological advances and availability of managerial personnel. Company Contact Jo-Anne Rubin and Lori Ades Public Relations Department Everlast Worldwide Inc. 212-239-0990 Contact: Gene Marbach and Ting Mei Chong Investor Relations Makovsky & Company Inc. 212-508-9600 |
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