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IMG to Acquire Licensing Partners International

Represents the PGA TOUR, Canadian Football League, Churchill Downs and the Canadian Hockey League; Further Expands IMG's Worldwide Licensing Portfolio

One week after completing its acquisition of Collegiate Licensing Company (CLC), IMG, the world's premier sports, entertainment and media company, today announced the acquisition of CLC sister company, Licensing Partners International (LPI). Terms of the agreement were not disclosed.

Founded in 2002, Florida-based LPI develops and manages custom trademark licensing programs, including brand protection, management and promotion, for some of the world's leading sports, recreation and corporate brands. LPI revenue has grown more than 300 percent in the four years since its founding.

LPI's current clients include: the PGA TOUR, the Canadian Football League, Churchill Downs, Petty Enterprises, the Canadian Hockey League, The President's Cup and the World Golf Hall of Fame, among others.

In making the announcement, George Pyne, President of IMG's Sports and Entertainment Group, said, "LPI and its outstanding roster of sports and recreation brands is a perfect addition to IMG which is committed to growing our worldwide licensing business and offering clients in sports, entertainment and media the widest portfolio of licensing services."

Under the agreement, LPI will be fully integrated into IMG's Sports and Entertainment Group. LPI President, Wesley Haynes, will become Senior Vice President, Sports Licensing at IMG. LPI will maintain offices in Florida, Atlanta, Kentucky and Toronto.

Wesley Haynes added, "We are excited about the countless opportunities we will have to grow our clients' brands through the extensive resources of IMG. This new alliance will greatly enhance the services and marketing expertise we have been able to provide our clients to date and is an opportunity to really take these brands to a higher level."

Further Expands IMG's Worldwide Licensing Portfolio

Already a leader in the multibillion-dollar international licensing and marketing arena, IMG generates licensing and marketing opportunities for some of sports and entertainment's best-known brands and personalities including Mercedes-Benz Fashion Week, The Nobel Foundation, Major League Baseball, Wimbledon, The United States Golf Association, Cesar Millan, Tiger Woods, Arnold Palmer, Hilary Duff, Drew Barrymore and Gisele Bündchen, among many others.

Since Ted Forstmann acquired IMG in 2004, the company has made a series of strategic acquisitions, starting with Tiger Aspect Productions, the U.K.-based independent producer of award-winning programs in comedy ("Mr. Bean"), drama, entertainment, factual, animation ("Charlie and Lola"), wildlife and features; Darlow Smithson Productions, a worldwide producer of docudramas, series and documentaries for theatrical release; and Tigress Production Limited, an adventure productions company specializing in wildlife, science and documentary projects. These acquisitions have made IMG one of the world's largest producers and distributors of TV programming.

Today's announcement follows a series of more recent acquisition activity by IMG, including its purchase of BSI Speedway, owner of the promoting rights of the FIM World Individual Speedway Grand Prix Series and FIM Speedway World Cup; Quintus, the U.K.-based sports marketing company with an outstanding portfolio of events including the BlackRock Masters Tennis, the Michelob ULTRA London Triathlon and the Microsoft UK Challenge; CSI Sports, with a portfolio of clients including English football's governing body, the Football Association, Football League (including the Carling Cup), the England and Wales Cricket Board, Cricket Australia; Art + Commerce, a leading management agency with an impressive client roster of photographers, stylists, creative directors, and hair and make-up artists; and Germany-based Nunet, a leading provider of mobile media solutions for network operators.

About LPI

Licensing Partners International LLC (LPI) specializes in the development and management of trademark licensing programs for some of the world's premier sports, recreation and corporate brands. Through a systematic and targeted approach focused on the individual needs of each client, LPI develops custom licensing strategies supported with specialized services.

For more information on LPI, visit: www.licensingpartnersintl.com.

About IMG

IMG is the world's premier Sports, Entertainment and Media Company. IMG is a diversified global business with two major business segments: IMG Sports & Entertainment, and IMG Media. IMG employs more than 2,600 people in 30 countries. Forstmann Little & Co. purchased IMG in 2004.

IMG Sports & Entertainment includes: consulting services; event ownership and management; fashion events and models representation; licensing; golf course design; and client representation in golf, tennis, broadcasting, speakers, European football, rugby, cricket, motor sports, coaching, Olympic sports, and action sports. In addition, IMG Academies are the world's largest and most advanced, state-of-the-art, multi-sport training and educational facilities, delivering world-class sports training experiences to over 12,000 junior, collegiate, adult, and professional athletes each year.

IMG Media, which includes our content production subsidiaries TWI, Darlow Smithson Productions (DSP), and Tiger Aspect Productions (TAP), is recognized as a global leader in the delivery of traditional and new media content and services, with Internet, broadband, and mobile expertise, transforming how audiences access and interact with content.

IMG Media produces and distributes over 11,000 hours of sports, documentary, drama, comedy, entertainment, popular factual, and children's content annually, over multiple platforms across 220 countries, including award-winning television and radio programming. It also represents the broadcast rights to many of the world's premier sporting events and has the world's biggest sports archive with more than 250,000 hours of footage.

More information about IMG is available at www.imgworld.com.