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07/20/2006 Archived Entry: "Everlast Worldwide: New 10 oz. Gloves to Coincide with NSAC Rule Changes!"
Everlast Worldwide: New 10 oz. Gloves to Coincide with NSAC Rule Changes!
NSAC will require Lightweights (135lbs) and above to wear 10oz fight gloves
NEW YORK, Wednesday, July 19th - Everlast Worldwide Inc. (Nasdaq: EVST), manufacturer and marketer of professional boxing equipment, sporting goods, and other licensed active lifestyle products under the Everlast brand name, today announced that it will launch a 10oz fight glove designed specifically for the Lightweight (135lbs+) divisions through the Welterweight (147lbs+) divisions in accordance with the Nevada State Athletic Commission's (NSAC) ruling that will go into effect fall 2006.
Seth Horowitz, Chairman, President and CEO of Everlast Worldwide, said, "This announcement is extremely important to Everlast in recognizing and supporting Nevada's safety initiatives. As the worldwide leader in boxing equipment, it is our responsibility to be a leader in product innovation and safety as we have been for over 96 years with over 200 world champions."
Everlast currently offers fight gloves available in 8oz, 8ozXL, 10oz, 10ozXL and 12oz to suit the hand sizes and specifications to meet the desired needs of today's boxers. Our new 10oz professional fight glove designed specifically for the Lightweight divisions, will be marketed aggressively to fighters, promoters and other state athletic commissions through on-line and off-line advertising efforts along with new color ways to cater to styles and tastes for this highly competitive division in boxing.
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. 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 $700 million in revenues.
