Everlast Signs Worldwide License with The International Boxing Association

Everlast to be an official licensee of gloves and headgear for AIBA competition
Author:
Publish date:

NEW YORK--Everlast® Worldwide Inc. (NASDAQ: EVST), manufacturer, marketer and licensor of sporting goods, apparel, footwear, and other active lifestyle products under the Everlast brand name has signed a worldwide license agreement with The International Boxing Association (AIBA) to be an official licensee for competition gloves and headgear. This four year agreement will allow Everlast gloves and headgear to be used around the world in key boxing tournaments such as the Olympics, the World Championships, and Olympic qualifying events as well as in AIBA sanctioned international boxing competitions.

According to Everlast's Chairman, President and CEO, Seth Horowitz, "We are very happy to have signed this agreement with AIBA and reaffirm our position as a leading brand in the sport of Boxing. The use of our products by AIBA will provide all of the athletes with the strength and durability they need to excel in competition."

According to AIBA President Dr. Chung-Kuo, "AIBA is thrilled to collaborate with an authentic and famous boxing brand such as Everlast. This partnership was developed knowing that the quality of the Everlast product and the strength of the brand will help to foster the growth of boxing as a dominant sport on a global level, particularly emphasizing its potential within the Olympic Movement."

About the International Boxing Association

The International Boxing Association (AIBA) is a non-profit making international organization, which was founded under the name Federation Internationale de Boxe Amateur (FIBA) in 1920. In 1946 a new start was given with the launch of AIBA to replace the dissolved FIBA and now, more than 60 years later, AIBA, with its 195 member federations, continues to govern the sport of Boxing, working for the benefit of the sport and all its participate, to help Boxing relies its potential within the Olympic Movement and the international sporting arena. For more information please visit www.aiba.org.

About Everlast Worldwide Inc.

Everlast Worldwide Inc. is a leading designer, manufacturer and marketer of boxing and fitness related sporting goods equipment under the well-recognized Everlast brand name and a worldwide licensor of the Everlast brand for apparel, footwear, sporting goods equipment and other active lifestyle products and accessories. Since 1910, Everlast has been the preeminent brand in the world of boxing and among the most recognized brands in the overall sporting goods and apparel industries. In order to capitalize on the rich heritage and authenticity of the Everlast brand, the company has extended the Everlast brand outside of the boxing ring into complementary product categories. Our strategy is to continue to leverage the unique qualities represented by the Everlast brand--Strength, Dedication, Individuality and Authenticity -- to become a leading global athletic brand and a necessary part of the lives of consumers who train, compete and live an active lifestyle.

Statements made in this Press Release that state the intentions, beliefs, expectations or predictions of Everlast Worldwide, Inc. and its management for the future are forward-looking statements. It is important to note that actual results could differ materially from those projected in such forward-looking statements. Information concerning factors that could cause actual results to differ materially from those in forward-looking statements is contained from time to time in filings of Everlast Worldwide with the U.S. Securities and Exchange Commission, including the annual report on Form 10-K under the heading "Risk Factors." Copies of these filings may be obtained by contacting Everlast Worldwide or the SEC.

Related