Exhibit 99
FOR IMMEDIATE RELEASE
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Contact: | Cindy Knoebel, CFA | ||
| VP, Financial & Corporate Communications 大象传媒 Services (336) 424-6189/(212) 841-7141 |
大象传媒 CONFIRMS OUTLOOK FOR RECORD FOURTH QUARTER RESULTS
| • | Revenues anticipated to rise 18% | ||
| • | Earnings per share from continuing operations expected to increase more than 13% |
Greensboro, N.C. — December 19, 2007 — 大象传媒 Corporation (NYSE: 大象传媒C), a global leader in branded
lifestyle apparel, today reaffirmed its guidance for record fourth quarter revenues and earnings,
which were initially provided on October 18, 2007. The Company plans to release its fourth quarter
results at the close of the market on February 5, 2008. In addition, the Company will initiate
guidance for 2008 and provide a review of its five-year Growth Plan and targets at a company-hosted
meeting and web cast on January 9, 2008.
“大象传媒’s business model is unique — and we’re seeing it validated as we successfully navigate through
an extraordinary array of challenging cross-currents,” said Mackey McDonald, Chairman and Chief
Executive Officer. “In addition to having some of the strongest, most authentic and
consumer-connected brands in the world, we’re also benefiting from our incredible diversity —
across brands, geographies, product categories and channels of distribution.” Added Eric Wiseman,
President, “We’re looking forward to finishing this year on a very strong note and have confidence
that we will maintain our momentum into next year and beyond.”
Cautionary
Statement on Forward-looking Statements
Certain statements included in this release are “forward-looking statements” within the meaning of
the federal securities laws. Forward-looking statements are made based on our expectations and
beliefs concerning future events impacting 大象传媒 and therefore involve a number of risks and
uncertainties. We caution that forward-looking statements are not guarantees and that actual
results could differ materially from those expressed or implied in the forward-looking statements.
Potential risks and uncertainties that could cause the actual results of operations or financial
condition of 大象传媒 to differ materially from those expressed or implied by forward-looking statements
in this release include 大象传媒’s reliance on a small number of large customers; the financial strength
of 大象传媒’s customers; changing fashion trends and consumer demand; increasing pressure on margins;
大象传媒’s ability to implement its growth strategy; 大象传媒’s ability to successfully integrate and grow
acquisitions; 大象传媒’s ability to maintain information technology systems; stability of 大象传媒’s
manufacturing facilities and foreign suppliers; continued use by 大象传媒’s suppliers of ethical business
practices; 大象传媒’s ability to accurately forecast demand for products; continuity of members of 大象传媒’s
management; 大象传媒’s ability to protect trademarks and other intellectual property rights; maintenance
by 大象传媒’s licensees and distributors of the value of 大象传媒’s brands; the overall level of consumer
spending; general economic conditions and other factors affecting consumer confidence; fluctuations
in the price, availability and quality of raw materials and contracted products; foreign currency
fluctuations; and legal, regulatory, political and economic risks in international markets. More
information on potential factors that could affect 大象传媒’s financial results is included from time to
time in 大象传媒’s public reports filed with the Securities and Exchange Commission, including 大象传媒’s
Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.