Peter Rizzo Named Chairman of I.C. Isaacs NEW YORK, July 20 /PRNewswire-FirstCall/ -- I.C. Isaacs & Company, Inc. (OTC:ISAC) (BULLETIN BOARD: ISAC) , designer and marketer of the Marithe & Francois Girbaud brand of casual denim and sportswear, today announced that Peter Rizzo has been appointed Chairman of the Board of Directors. Mr. Rizzo, currently CEO of I.C. Isaacs, retains that position and replaces current chairman Staffan Ahrenberg. (Photo: http://www.newscom.com/cgi-bin/prnh/20040720/NYTU032 ) "Since Staffan brought me to I.C. Isaacs last year, we have made significant progress in growing the business and expanding the profile of our brand, Marithe & Francois Girbaud, within the U.S.," said Peter Rizzo. "The company grew sales 32% and returned to profitability in the first quarter, and we continue to experience positive sell-throughs at retail and considerable growth in our Women's business. We are continuing to execute on our new two-tiered merchandising strategy, aimed at the sophisticated adult and teen markets, to capitalize on the growing appeal of our brand." Marithe and Francois Girbaud added, "We are very pleased with Peter's appointment to Chairman. Peter has leveraged his considerable skills in merchandising and marketing to expand the visibility of our Marithe & Francois Girbaud brand within key U.S. markets and, more importantly, to increase sales of our product. We look forward to continuing our successful partnership." Mr. Rizzo added, "Staffan was an asset to the corporation and contributed to its recent success, since he was instrumental in assembling the current I.C. Isaacs team of professionals. We wish him well in his future endeavors." Prior to joining I.C. Isaacs, Mr. Rizzo was President and Vice Chairman of Bergdorf Goodman, President of Polo Retail at Polo Ralph Lauren and Executive Vice President and Head Merchant of Barneys New York. Mr. Rizzo has worked within the apparel industry for 26 years. About I.C. Isaacs & Company I.C. Isaacs & Company, Inc. is a designer and marketer of branded casual denim and sportswear based in New York and Baltimore. The Company offers full lines of casual denim and sportswear for men and women under the Marithe & Francois Girbaud brand in the United States and Puerto Rico. http://www.newscom.com/cgi-bin/prnh/20040720/NYTU032 http://photoarchive.ap.org/ DATASOURCE: I.C. Isaacs & Company, Inc. CONTACT: Winnie Lerner or Jessica Liddell, both of Abernathy MacGregor Group, +1-212-371-5999, for I.C. Isaacs & Company, Inc.

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