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GOLETA, Calif.--(BUSINESS WIRE)--Dec. 10, 2003--Deckers Outdoor Corporation (NASDAQ:DECK) today announced that it has signed two license agreements for watches and eyewear with Capo, Inc. for the United States and Canada.
Through its worldwide licensing agent, BHPC Global Licensing, Deckers Outdoor Corporation signed two license agreements with Capo, Inc., a full-service company for vision enhancement and time pieces. Under the terms of the agreement, Capo, Inc. will design and market Teva branded watches and watch accessories and Teva branded eyewear and eyewear accessories. Teva watches and eyewear will be sold through fine department stores and independent specialty stores alike. The initial term for both licenses is through March 2007, with additional three-year renewal terms.
Douglas Otto, Chairman and Chief Executive Officer of Deckers Outdoor Corporation, stated "We are very pleased to announce these licensing agreements for Teva. With the addition of watches and eyewear to the previous licenses we signed for men's apparel and headwear, we have continued to execute our strategy of further leveraging the lifestyle nature of the Teva brand. Simultaneously, in a relatively short period of time we have set the stage to increase the breadth and depth of Teva branded product in the marketplace. We remain committed to capitalizing on the many growth opportunities that lie ahead."
Deckers Outdoor Corporation builds niche products into global lifestyle brands by designing and marketing innovative, functional and fashion-oriented footwear, developed for both high performance outdoor activities and everyday casual lifestyle use. The Company's products are offered under the Teva, Simple and Ugg brand names.
* Statements in this press release that are not historical facts, including statements about future prospects, long-term growth and shareholder value, are forward-looking statements. Numerous risks and uncertainties could cause the Company's actual results to differ from the results described in the forward-looking statements. Among these risks and uncertainties are conditions in the general economy and in the Company's retail environment, the effect of consumer preferences and other factors discussed in the Company's filings made with the Securities and Exchange Commission. The Company disclaims any obligation to update or revise any of the forward-looking statements in this news release.
CONTACT: Deckers Outdoor Corp. Scott Ash, 805-967-7611 or Investor Relations: Integrated Corporate Relations, Inc. Chad A. Jacobs or Brendon E. Frey, 203-222-9013 SOURCE: Deckers Outdoor Corp.