Sportswear designers, manufacturers and marketers I.C. Isaacs & Company, Inc (Nasdaq: ISAC) has reported that it has reached agreement with Congress Financial Corporation to extend its financing arrangement for an additional term of three months beginning on January 1, 2001. The New York and Baltimore based company announced that it was discussing with Congress Financial the possibility of a longer term extension and/or amendment of the current financing arrangement; however, no definitive agreement has been reached between the parties.