SOURCE: Total Luxury Group, Inc.

July 18, 2007 16:01 ET

International Apparel Group Signs Exclusive Licensing Agreement for Famous Athletic Footwear Brand, Pony

NEW YORK, NY--(Marketwire - July 18, 2007) - Total Luxury Group, Inc. (PINKSHEETS: TLEI) announced today that its wholly owned subsidiary International Apparel Group, Inc. has recently signed an exclusive licensing agreement for the Pony label for all Men's and Young Men's apparel products, which covers the United States, Canada and Puerto Rico. Pursuant to the terms of the license agreement, IAG will develop active wear and lifestyle apparel products featuring the Pony name and chevron logo, as well as a line of vintage Pony apparel products.

Pony, founded in 1972, is a designer, distributor, and marketer of high-performance and casual athletic footwear and apparel for men, women and children. With the acquisition of Pony International in April 2006 by an investment group led by Infinity Associates LLC and the hiring of footwear industry veteran Kevin Wulff as President and CEO, Pony is positioning itself for a major re-launch in performance and lifestyle footwear.

Mr. Wulff has recently commented, "I am excited by the opportunity to lead this extraordinary company with its strong global sports heritage. Pony is one of the few athletic footwear brands that has successfully outfitted world-class athletes across a broad spectrum of competitive disciplines, including basketball, football, soccer, baseball, boxing and gymnastics to name a few. I look forward to rebuilding Pony to its former glory, while also looking at strategic alliances to grow and complement the Company."

COO and IAG President Janon Costley adds, "We are very excited about this license as it allows the company to return to our strengths in the area of sports apparel and active wear. We understand the heritage and tradition of the Pony brand and we intend to create a unique new collection of Pony brand athletic apparel that incorporates authentic sports styling with high-quality fabrics and a variety of details, trims and applications that bridge the gap between Pony's storied past and current industry trends."

The deal was consummated under the guidance of the licensing specialists of The Meriwether Group. "After we spoke with Pony as to what they were planning for the brand, we quickly identified a few targeted companies as potential licensees. International Apparel Group stood out head and shoulders above the others. Their past experience with professional athletes and sports apparel, such as Converse, ABA and Original Gear, and their understanding of how to work under strict licensing guidelines made them particularly attractive," explained Ken Barker, president of The Meriwether Group.

About Pony

Pony was founded in 1972 and quickly became one the most distinctive sports brands in the world. Among the many athletes who wore Pony shoes were Pele, Muhammad Ali, George Foreman, David Thompson, Darryl Dawkins, Spud Webb, Dan Marino, Lawrence Taylor, Reggie Jackson, and Tracy Austin. Pony is a designer, distributor, and marketer of high-performance and casual athletic footwear and apparel for men, women and children.

About Total Luxury Group, Inc.

Total Luxury Group, Inc. ("TLEI") currently holds numerous worldwide distributorship agreements for fashion makers. TLEI also has an aggressive strategy for the acquisition of companies that have a proven management team and desirable products or services.

In July of 2006, Total Luxury Group, Inc. acquired International Apparel Group, Inc., an apparel holding company. Through this subsidiary Total Luxury Group, Inc. engages in the manufacture and sale of apparel to retailers and distributors worldwide through licensing and/or distribution agreements with the following brands: MCM, GC by Garth Cabral, Huk-A-Poo, Omage and Y Brands, which holds the licenses for Y Chrome and Type-Y. The company has also had private label development programs with Converse, Inc. and Randy Moss Clothing.

Except for historical information contained herein, the matters discussed in this press release contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended that involve substantial risks and uncertainties. When used in this press release and in any documents incorporated by reference herein, the words "expects," "will" and similar expressions identify certain of such forward-looking statements. Actual results, performance, or achievements could differ materially from those contemplated, expressed, or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of management and are subject to a number of risks and uncertainties that are subject to change based on factors which are, in many instances, beyond the Company's control. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive, and other factors affecting the Company and its operations; and other risk factors. TLEI cautions that the foregoing factors are not exclusive. TLEI assumes no obligation to update the information contained in this press release.

Contact Information

  • CONTACT:
    International Apparel Group, Inc.
    MIAMI, FL
    Janon Costley
    (305) 892-6744 ext 11

    Colin Brickley
    Pony
    (619) 814-5499 ext 211

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