Iconix Brand Group, Inc. signed an exclusive direct-to-retail license
agreement with Wal-Mart for its Ocean Pacific and OP brands for
distribution of a broad range of apparel and accessories in the United
States. The agreement also grants Wal-Mart rights to use the brands in
Brazil, China and India, and provides for the possible addition of
license rights for other international territories in the future. The
targeted launch date is Spring/Summer 2008.