PRESS RELEASE

Moda International Marketing
SIGNS THE NEW YORK TIMES

March 11, 2004

MODA International Marketing today announced that it has entered into an agreement with The New York Times to serve as its exclusive worldwide licensing agency.

“We are certain that we will have tremendous opportunity to extend this well-respected and prestigious brand on a global basis,” said Michelle Alfandari, president, MODA International Marketing.

“We are excited about our relationship with MODA and look forward to further developing our licensing and brand extension program,” said Peter Simmons, director of licensing and publications, The New York Times.

For licensing information contact:
Moda International Marketing
212-687-7640
info@modaintl.com