I.C. Isaacs & Company, Inc (Nasdaq: ISAC) announced today that its licenses for men's and women's jeanwear and sportswear under the Marithe & Francois Girbaud labels have been expanded to include Canada. The company also announced the appointment of Western Glove Works to distribute Girbaud apparel throughout Canada, beginning with the Spring 2001 collections.

Western Glove Works, based in Winnipeg, Canada, employs over 1100 people and is one of the largest manufacturers and distributors of jeanwear and casualwear in Canada. Western Glove Works presently distributes its own brand, Silver Jean, throughout North America and previously had a sales arrangement for Calvin Klein Jeans in Canada, which ended earlier this year.

Bob Silver, the president of Western Glove Works, commented: "We are very excited about distributing Girbaud jeanwear and sportswear in Canada. Marithe and Francois Girbaud are extremely talented designers and we've seen the people at I.C. Isaacs do an excellent job in re-establishing the Girbaud brand as a fashion leader in the US market."

In commenting on the expansion into Canada, Robert J Arnot, chairman and CEO of I.C. Isaacs, stated: "We could not think of any other company we would rather be associated with to distribute Girbaud jeanwear and sportswear in Canada. The Canadian market represents a new avenue for growth and we anticipate that, as in the US, retailers and consumers in Canada will respond positively to the creativity and innovation in the Girbaud collections."

Danny Gladstone, president of the Isaacs' Girbaud Division, added: "Bob Silver truly appreciates the freshness of Girbaud products and he and his organization have a proven track record in distributing fashion apparel. I look forward to collaborating with them in making the Girbaud sales and marketing effort in Canada a success."

THE COMPANY

I.C. Isaacs & Company, Inc is a designer, manufacturer and marketer of branded sportswear based in New York City and Baltimore. The Company offers full lines of sportswear for men and women under the Marithe & Francois Girbaud brand in the United States, Puerto Rico, and Canada; for young men and boys under the BOSS brand in the United States and Puerto Rico; for men and boys under the Beverly Hills Polo Club® brand in the United States, Puerto Rico and Europe; and for men under the Urban Expedition (UBX) brand in the United States and Europe. The company also markets women's pants and jeans under various other company-owned brand names and under third-party private labels.

This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Those statements include statements regarding the intent, belief or current expectations of I.C. Isaacs and its management with respect to acceptance of the Girbaud brand by retailers and consumers in Canada. Such statements are subject to a variety of risks and uncertainties, many of which are beyond the Company's control, which could cause actual results to differ materially from those contemplated in such forward-looking statements, including in particular, the risks and uncertainties described under "Risk Factors" in the Company's Prospectus, which include, among other things:

(i) changes in the marketplace for the Company's products, including customer tastes;
(ii) the introduction of new products or pricing changes by the Company's competitors;
(iii) changes in the economy; and
(iv) termination of one or more of its agreements for use of the Girbaud® brand name and images in the manufacture and sale of the Company's products.

Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to update or revise the information contained in this press release, whether as a result of new information, future events or circumstances or otherwise.