CAND Candies (MM)

Timing Is Right for BONGO Watch License Jeanswear Honored With Vendor of the Year by JC Penney NEW YORK, May 25 /PRNewswire-FirstCall/ -- Candie's, Inc. ("Candie's") announced today it has entered into a license agreement with Accutime Watch Corporation for fashion watches and bands under the BONGO label. This is the sixth BONGO license signed in the past year. Bongo watches will debut for Spring 2005 and will be distributed at moderate department and specialty stores. Neil Cole, CEO, Candie's, stated, "The addition of watches to the BONGO licensing portfolio is a natural category for the brand. Watches are a key accessory for our young active consumer, and we are excited about the styles and selections that will be offered." Leon Shama, Vice President of Sales and Marketing, Accutime Watch Corporation, stated, "Bongo is one of the top junior brands in the marketplace, we are thrilled to be partnering with them on this new venture. We look forward to a prosperous and successful business." In other news, Bongo Jeans was honored with the "Vendor of the Year" award by JC Penney Corporation, V.P. and Divisional Merchandise Manager Award, Women's Apparel Division. Bongo was recognized with outstanding service in the following areas; merchandising leadership, product development, quick response, quality standards, compliance standards and marketing competitiveness. Candie's, Inc. is in the business of licensing the CANDIE'S and BONGO trademarks on a variety of young women's footwear, apparel and fashion products, and is a leading designer, distributor and marketer of jeans wear under the BONGO brand through its wholly owned subsidiary, Unzipped Apparel, LLC. Through Brightstar Footwear, Inc., the Company also arranges for the manufacture of footwear products for mass market and discount retailers under the private label brand of the retailer. For investor information, please visit the corporate web site at http://www.candiesinc.com/. DATASOURCE: Candie's, Inc. CONTACT: Maria Dolgetta, Sr. Public Relations Manager of Candie's, Inc., +1-212-819-2084, Web site: http://www.candiesinc.com/

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