[For Immediate Release]

Mainland Headwear's subsidiary DPM teams up with Arena Football League. Becomes official sideline headwear supplier ***

(Hong Kong, August 29, 2002) – Leading casual headwear designer and manufacturer Mainland Headwear Holdings Limited (“Mainland Headwear” or “the Group”) (HKSE Stock Code: 1100) today announced that its 85.72% subsidiary, Drew Pearson Marketing, Inc. (“DPM”) has agreed to terms with the Arena Football League (“AFL”) in the USA to be the “Official Sideline Headwear Supplier” and a retail licensee through the 2004 season. The deal will include headwear allotted to the teams and the League, as well as “Official Championship” product. Through this AFL agreement, DPM would increase their current partnership with Arena Football as they are currently the Official Sideline Headwear provider for arenafootball2.

Mr. Ngan Hei Keung, Chairman of Mainland Headwear, said, “Further to Drew Pearson International's success in acquiring an exclusive master license for the “Mudd” brand in Europe, we are excited that DPM has also added the AFL to our unparalleled licensing roster of professional sports leagues. We are proud that DPM will continue its long-term association with professional football. In view of AFL's popularity in the US, we are confident that it will contribute additional income growth for Mainland Headwear as the major manufacturer. More importantly, it will strengthen our leading position in the field of licensed headwear even further.”

The Arena Football League consists of 23 teams (16 active for the 2002 season). An additional 7 expansion teams have already been approved to begin to play over the next 3 years. The AFL and NBC Sports have reached a network broadcast agreement to begin February 2, 2003.

Mainland Headwear now serves over 60 world-renowned brand names such as TRAC, Warner Brothers, NBA, MLB, NCAA, NHL, Ferrari, Nike, NASCAR, Reebok, Timberland, Ellesse, Diadora, Fila, etc. Apart from its aggressive expansion in the US market, the Group is also active in developing the European, Australian and Asian markets.

Mr. Ngan concluded, “Armed with our extensive experience and well-mapped business development strategies, Mainland Headwear is well positioned to exploit rising market opportunities. We look forward to acquire additional reputable licenses for headwear, as well as apparel products, which will strengthen the Group's track record. We are delighted that DPM has been selected as the AFL's sideline headwear licensee and look forward to a rewarding long-term relationship.”

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