Mossimo, Inc (OTCBB: MGXO.OB) today announced financial results for the second fiscal quarter ended June 30, 2000. Net sales for the quarter decreased to $6m, compared to $11.4m for the second quarter of fiscal 1999. The decrease in sales was primarily due to the termination of all sourcing, production and sales operations during the second quarter as a result of the Company entering into a licensing agreement with Target Corporation (NYSE: TGT).