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Cutter & Buck Completion of Move

From: ASAP


Cutter & Buck Inc. (NASDAQ: CBUKE) announced the successful completion of its move to new headquarters in the Fremont area of Seattle, WA.

"The move to new headquarters went smoothly and has given us the opportunity to bring our headquarters staff back together under the same roof," said John Leech, Vice President & Chief Information Officer, who was responsible for all facets of the move project. "We are confident that communications will be enhanced and that we will gain more synergy and efficiency by returning to a single facility. In addition, moving into an incredibly attractive and functional building and invigorated neighborhood has given all employees a tremendous lift," he said. The building, a centerpiece in the Quadrant Lake Union Center project, is owned by Bedford Property Investors and sublet and managed by Adobe Systems, Inc.

The company also announced that it was a finalist in the annual competition for "Warehouse of the Year" sponsored by Warehousing Management Magazine.

"We are honored at the recognition of the excellence of our Distribution Center," said Joni Barrott, Vice President of Operations. "We have superb people and excellent systems, and we intend to stay in the forefront of warehouse performance."

Cutter & Buck's new corporate Headquarters is located at 701 North 34th Street, Suite 400, Seattle, WA 98103 and houses Administrative, Sales, Design, IT, Marketing, Production, Accounting and Finance, Customer Service, and Embroidery Development functions. The company continues to operate its state-of-the-art Distribution Center in Renton, WA for warehouse, shipping, and embroidery production.

About Cutter & Buck

Cutter & Buck designs and markets upscale sportswear and outerwear under the Cutter & Buck brand. The Company sells its products primarily through golf pro shops and resorts, corporate sales accounts and specialty retail stores. Cutter & Buck products feature distinctive, comfortable designs, high quality materials and manufacturing and rich detailing.

Statements made in this news release that are not historical facts are forward-looking statements. Actual results may differ materially from those projected in any forward-looking statement. Specifically, there are a number of important factors that could cause actual results to differ materially from those anticipated, such as the results of the Company's ongoing internal investigation and the direct and indirect consequences of that investigation; the results of the ongoing investigations by the Securities and Exchange Commission and Nasdaq; the outcome of Nasdaq's delisting proceedings; access to capital; and maintaining satisfactory relationships with our banking partners. Additional information on these and other factors, which could affect the Company's financial results, are included in its Securities and Exchange Commission filings. Finally, there may be other factors not mentioned above or included in the Company's SEC filings that may cause actual results to differ materially from any forward-looking information. You should not place undue reliance on these forward-looking statements. The Company assumes no obligation to update any forward-looking statements as a result of new information, future events or developments, except as required by securities laws.

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