Ed Hardy(R) Settlement Agreement Reached Between Nervous Tattoo, Inc. and Hardy Way, LLC

Nervous Tattoo, Inc., the master licensee for the world renowned Ed Hardy(R) lifestyle brand, announced today that it has reached a settlement agreement pertaining to the Ed Hardy(R) license with Hardy Way, LLC. Hardy Way, LLC is the licensor of the Ed Hardy(R) brand, which is owned by Don Ed Hardy and Iconix Brand Group, Inc.

"I am happy to announce that a settlement has been reached," Christian Audigier, Chairman of Nervous Tattoo, said. "This partnership pools the tremendous talent and resources of both Nervous Tattoo and Hardy Way, and will secure the Ed Hardy(R) brand as a leader in the fashion world for generations to come."

Audigier continued, "this day has been made possible as a result of the efforts of our CEO, Hubert Guez and his team, and the talented people at Hardy Way. Putting the past behind us allows us to focus on the future and with this partnership in place, the future has just begun."

About Nervous Tattoo, Inc.

Nervous Tattoo, Inc. through Audigier Brand Management Group and its affiliates have an international portfolio of designer brands including Christian Audigier(R), Ed Hardy(R), Smet(TM), Crystal Rock(TM), and most recently Paco Chicano(TM), Rock Fabulous(TM), and Vif Speed Shop(TM). ABMG develops, markets, and licenses its brands worldwide. It is the unparalleled leader in brand architecture, with extensive resources, partnerships with iconic figures in the fashion and entertainment industry, and a network of over 100 licensees. Additional ABMG ventures include national and international wholesale distribution, as well as national and international online and retail stores. Nervous Tattoo, Inc.'s Chairman of the Board is the world-famous fashion designer Christian Audigier and Nervous Tattoo, Inc.'s CEO is Hubert Guez.