MIAMI--(BUSINESS WIRE)--Feb. 21, 2001--Perry Ellis International, Inc. (Nasdaq:PERY) announced today the appointment of Isaco International, Corp. as its licensee for Men's Loungewear, Sleepwear and Robes under the Perry Ellis(R), Perry Ellis Portfolio(R)and Perry Ellis America(R)brands. The license is granted for the United States, its territories and possessions including Puerto Rico.

"We are excited about being able to offer our retail partners one stop shopping for all personal furnishings. Isaco is a tremendous partner that has achieved great results launching Hosiery and Boxers which have been placed in over 650 doors. We are looking forward to achieving a similar success with the Holiday 2001 pre-launch for Underwear which will be followed in Spring 2002 with a full launch" said Allan Zwerner, PEI's President of Licensing.

Alan Zelcer, Executive Vice President of Isaco International added "with this new license Isaco will have six categories of product under the Perry Ellis brands. This strong commitment show how passionate we feel about the Perry Ellis brand." Allan Zelcer added "The launch of Loungewear will take place concurrently with the Underwear launch in the second half of 2001". About Perry Ellis International

Perry Ellis International markets men's, women's and children's products in over 40 different categories under the Perry Ellis(R), Perry Ellis Portfolio(R) and Perry Ellis America(R) trademarks. Perry Ellis products are available in the United States and in more than 26 countries with worldwide retail sales of over $1 Billion. Supreme International, a division of PEI manufactures, markets and distributes other trademarks both domestically and internationally including, Munsingwear(R), John Henry(R), Manhattan(R), and Ping Collection(R) among others. Additional information on PEI is available at www.perryellis.com.

Isaco International markets men's and boy's products in the underwear, boxers, sleepwear, loungewear, hosiery and neckwear categories. Isaco's products are marketed under Perry Ellis, Perry Ellis Portfolio, Perry Ellis America, and a variety of other designer and national brands.

Forward-looking statements (statements which are not historical facts) in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The actual results of PEI and Isaco could differ materially from those expressed or indicated by forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, changes in fashion trends, risks relating to the retail industry, use of contract manufacturing and foreign sourcing, import restrictions, competition, seasonality and other factors. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including those risks and uncertainties detailed in the Company's filings with the Securities and Exchange Commission.