New York, New York, (March 7, 2002)—Movie Star, Inc. (AMEX:MSI), today announced that it has received the Supplier Award of Excellence from Wal-Mart Stores, Inc. (NYSE: WMT) for the fourth quarter of 2001. Wal-Mart presents this honor quarterly based on a review of vendor merchandise quality, fulfillment execution and understanding of the market. Movie Star won the award for its outstanding women’s intimate apparel products and service.
“At Movie Star, our goal is to provide the market with fashionable women’s intimate apparel at an excellent value,” stated Mel Knigin, Movie Star’s President and Chief Executive Officer. “We are very proud to have been recognized by the world’s largest retailer for our fashion forward intimate apparel products, excellent product quality and outstanding service as this award celebrates the excellence for which we strive. We are committed to being strong partners with our customers and are hopeful that the recognition this award brings will help generate additional sales in the coming years.”
MOVIE
STAR, INC., produces and sells ladies sleepwear, robes, leisurewear, loungewear,
panties and daywear.
Certain of the matters set forth in this press
release are forward-looking and involve a number of risks and
uncertainties. Among the factors that
could cause actual results to differ materially are the following: business
conditions and growth in the industry, general economic conditions, addition or
loss of significant customers, the loss of key personnel, product development,
competition, risks of doing business abroad, foreign government regulations,
fluctuations in foreign rates, rising costs for raw materials and the
unavailability of sources of supply, the timing of orders booked, and the risk
factors listed from time to time in the Company’s SEC reports.
CONTACT: INVESTOR RELATIONS:
Movie Star, Inc. -or- SM Berger & Company, Inc.
Thomas Rende, Steve Warcholak
Chief Financial Officer (216 464-6400
(212) 798-4700