Fila Korea Closes Acquisition of Fila

Fila Korea Ltd. and Sport Brands International Ltd. (SBI)
announced today that Fila Korea has acquired the global Fila footwear
and apparel business from SBI for an undisclosed purchase price.

The transaction was structured as a sale of SBI's subsidiary, Fila
Luxembourg, which holds the rights to the worldwide use of the brands
and trademarks of "FILA". SBI will retain ownership of Cloudveil
Mountain Works, Inc. and Motionwear, Inc.

Mr. Yoon-Soo (Gene) Yoon, the Chairman of Fila Korea who, in 2005,
completed a successful management buyout of Fila Korea from SBI
stated, "We are proud and honored to have purchased the global Fila
business and look forward to leading the company on a global basis.
Fila is an internationally recognized trademark and we believe it has
incredible potential. We plan to capitalize on the brand's great
tradition and to build upon its illustrious history."