Starter Corporation completes acquisition of Galt Sand Company

Business Wire, August 19, 1996

NEW HAVEN, Conn.--(BUSINESS WIRE)--Aug. 19, 1996--Starter Corporation (NYSE:STA) today announced that it has completed the acquisition of substantially all the assets of Galt Sand Company and its subsidiaries, located in Cedar Rapids, Iowa. Galt Sand is a manufacturer of silk screened and embroidered fleece products and t-shirts sold under the Galt Sand, Snowshoe Thompson, Dannagers and Sport One labels, as well as under licenses from the National Football League and over 50 colleges and universities. The Company also operates 18 retail stores in outlet malls.

The consideration for the transaction includes approximately $8 million in newly issued shares of Starter common stock, and the assumption of liabilities totaling approximately $18 million.

Starter is a leading designer and marketer of quality Outerwear, Activewear, Printables and Accessories, and is a licensee of all the major North American professional sports leagues and universities. The Company also designs and markets its own Starter branded apparel.

CONTACT: Starter Corporation

John C. Warfel

Senior Vice President

(203) 781-4002

or

Lawrence C. Longo, Jr.

Chief Financial Officer

(203) 781-5022

or

Christine DiSanto/Caroline Babbitt

Media Contact - Michael McMullen

Morgen-Walke Associates

(212) 850-5600