Ipath, acquired in January 2011 by KLONELAB, the Boston area
branding and licensing house, indicated that its new operations up and running with
a new warehouse in Ontario, CA, and new operational and new production
facilities in Encinitas, CA.

Ipath, which was sold by Timberland, said in a statement, “The global
economy and problems in manufacturing have made the footwear business difficult
for manufacturers and retailers alike. Ipath's renewed focus on their roots
comes in sync with the brand's emergence from a major transition on the
operations side. Existing product has been redistributed to Ipath's new, state
of the art warehouse facility in Ontario, CA, the new Encinitas, CA, office is
now fully operational and new production facilities are in place to ensure
Ipath can meet retailer expectations in seasons to come.”

Ipath also said in the statement that beginning with its
Spring 2012 line, it will “put a renewed focus on redefining what a skate
shoe can look like, in addition to introducing lifestyle inspired footwear that
will have off-board appeal.”

The brand finally announced the launch of a new video program, Ipath Films As
one of the first pro riders on the team, Matt Rodriguez was a driving force in
Ipath's direction during its nascent years. To celebrate Rodriguez's commitment
to skateboarding and his role in helping to build Ipath, he is the focal point
for the first installment of Ipath Films
(http://vimeopro.com/ipathfilms/mattrodriguez), a new online video initiative
that regularly explores different creative personalities. In line with Ipath's
commitment to skateboarding, music, art and general self-expression, Ipath
Films will feature profiles of individuals who stay true to themselves in their
personal or professional endeavors.

“When we started Ipath, it was all about creativity, soul riding and doing
your own thing. I'm happy to see the new direction stay true to our roots and
promote a positive type of skateboarding,” commented Rodriguez.

Ipath is also in the process of instituting a series of ongoing, limited
release collaborations with musicians and other artists who follow Ipath's
focus on creativity and experiencing the journey every step of the way.

KLONELAB in January had inciated that it will be relocating the IPATH
headquarters to Encinitas, CA. At the time, joining the team will be IPATH's
newly appointed president, Nate Smith, a former Patagonia executive.