Horowitz continued, "We believe our 2005 EBITDA and earnings from continuing operations are truer benchmarks of our performance and should be measured against for future years. The Jacques Moret men's license agreement has not only allowed us to focus our talents and efforts on our professional and retail boxing equipment and worldwide licensing businesses, but also enabled us to further identify and eliminate certain corporate overhead costs which will favorably impact our 2006 earnings and EBITDA."
Horowitz concluded, "One of our objectives in 2006 is to expand our licensing business into untapped geographic locations, including India and China. We also plan to grow our existing licensing programs across Europe with licensees in manufacturing, marketing and distributing in our core competency categories of apparel, sporting goods, boxing equipment and footwear."
Everlast Worldwide Inc manufactures, markets and licenses sporting goods and apparel products under the Everlast brand name. Since 1910, it 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.
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