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Karen Neuburger/Kn Ltd. Hires Vice President Of Brand Licensing Michael Penn to Oversee Expansion of KN Ltd. Line

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Karen Neuburger/KN Ltd. announced today that Michael Penn has joined its executive team as Vice President of Brand Licensing. KN Ltd. is a lifestyle design company that offers a variety of comfort-inspired fashion and home items including sleepwear, loungewear, bedding, home accessories and scrapbooking materials. Penn will oversee all licensing relationships for the entire line of KN Ltd. products, as well as identify and secure new licensing agreements to further establish the KN brand as an internationally recognized name. “We are very excited to have Michael join our team,” said Dustin Eber, President of KN Ltd. “Bringing someone of Michael’s caliber on board will benefit both our organization and the end consumer who will ultimately see a broader line of KN Ltd. products.” Prior to joining KN Ltd., Penn worked for Levi Strauss & Co. where he was responsible for the wholesale licensing businesses. While at Levi Strauss, he developed the master licensing strategy for the introduction of 10 new product categories and managed all facets of the product distribution from design through placement in retail outlets. He also has experience conducting market, channel and consumer research and has developed annual sales plans that include tactical promotions and retail activities. “I am thrilled to be joining an organization that has a reputation for being strategic as well as forward-thinking in the development and distribution of its product line,” said Penn. “KN Ltd. has successfully developed a line of comfort-inspired products that is not only appealing but necessary in today’s hectic world.” About Karen Neuburger (KN Ltd.) KN Ltd. is the lifestyle design company that owns the trademark rights for the brand name, Karen Neuburger. The Karen Neuburger brand is synonymous with comfort-inspired fashion and home merchandise. Through a range of strategic licensing partnerships, the company offers a broad range of fashion and home items, including sleepwear for women, men, kids and infants, intimate apparel, loungewear, lounge socks, fashion and basic and infant bedding, luxury mattresses and home fashion accessories. In the spring of 2004, KN Ltd. will debut a line of scrapbooking materials and accessories. Today Karen Neuburger products can be found in over 10,000 retail stores nationwide, including Carson Pirie Scott, Elder-Beerman, Macy’s West, Marshall Field’s, Nordstrom, Parisian, Von Maur and a variety of gift and specialty stores. KN products can also be found online at Nordstrom.com, ShopNBC.com, MarshallFields.com and Oprah.com. For more information visit www.karenneuburger.com.

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