Pearl River, NY (October, 2003): Katz & Associates, the nation’s largest real estate company dedicated exclusively to retail, and Jos. A. Bank Clothiers, Inc. are pleased to have already opened five stores throughout Florida (Boca Raton, Gainesville, Wellington, Winter Park, Pensacola) and are now proud to announce the November openings of two additional stores: one located in Ponte Vedra, Florida and another Destin, Florida. In addition, there are four executed leases for 2004 openings in Fort Lauderdale, Florida; Ormond Beach, Florida; Daphney, Alabama; and Birmingham, Alabama, with more in progress. Katz and Associates and Jos. A. Bank continue to seek additional sites and welcome opportunities in open-air lifestyle centers, regional malls - spaces with inside and outside entrances, and downtown street front locations. Preferred co-tenants include upscale fashion, specialty home furnishings, national bookstores and white tablecloth restaurants.

Jos. A. Bank Clothiers, Inc., established in 1905, is one of the nation's leading retailers of men's classically styled tailored and casual clothing, sportswear, footwear and accessories. The Company sells its full product line through 197 stores in 34 states and the District of Columbia. Martin Hennessy, VP Southern Region for Katz and Associates, agrees, “Jos. A. Bank is not just another menswear retailer. What makes them unique is also what has attracted customers to their stores for more than 98 years; a heritage of quality and workmanship, an extensive selection of beautifully made, classically styled tailored and casual clothing, and prices typically 20 to 30 percent below our competitors'.”

Robert N. Wildrick, CEO of Jos. A. Bank states; "Our journey has just begun. The Company’s progress during the past three years has laid a solid foundation for continued aggressive growth. We plan to more than triple our store base from the current level of 160 stores as the Company expands the chain to approximately 500 stores by the end of 2007. The number of new store openings in 2003 will be approximately 50, and will increase to between 50 and 75 stores in 2004, and 75 to 100 stores each year thereafter. Not only are we adding new stores, but we have continued to improve our store selection, development and operations processes in order to assure predictability of growth in profits as well as sales. For the past three years, we have posted outstanding sales and earnings increases, with diluted earnings per share reaching a record $1.55 in 2002 – an increase of 48% over the previous record of $1.05 in 2001."