Designs Inc (NASDAQ/NMS: "DESI"), operator of Levi's and Dockers Outlet By Designs stores, has announced the results of its "Dutch Auction" tender offer, which expired on December 22, 2000.

The tender offer was putting up 1.5 million shares of the company's Common Stock while reserving an option to purchase a further one million shares with a price range of $2.50 to $3.00 each.

Based on the final count by the depositary, 1,758,019 shares of common stock were properly tendered at $2.50 per share, and not withdrawn. This is in excess of the 1,500,000 shares the Company had offered to purchase.

As permitted by applicable SEC regulations the Company has decided to purchase an additional 258,019 shares in the offer.

Accordingly, the Company will purchase all of the 1,758,019 shares which were tendered at $2.50 per share. The remainder of the total of approximately 3,652,784 shares tendered will not be purchased.

Designs Inc. currently has approximately 15.8 million shares issued and outstanding. The Company expects to have approximately 14.1 million shares outstanding immediately following payment for the tendered shares. D.F. King and Co, Inc. acted as Information Agent in the tender offer.