Mitchell's Formal Wear Names Katz & Associates Exclusive National Agent

Pearl River, NY, June 22, 2000: Katz & Associates, a rapidly growing national retail real estate firm, announces the addition of Mitchell's Formal Wear to its ever expanding client roster, according to Daniel B. Katz, President.

Katz will handle national and regional real estate transactions for AfterHours by Mitchell's, one of the company's exclusive trade ventures. AfterHours by Mitchell's is a division of Mitchell's responsible for renting and selling men's formal wear. Their stores are primarily featured in mall locations. Based in Atlanta, the company currently has approximately 200 stores in the Northeast and Southeast. Upcoming growth will occur east of the Mississippi. This assignment is being handled by Marty Hennessy, Vice President, Southern Region, Katz & Associates.

"We're thrilled to be part of such a tremendous growth effort on behalf of Mitchell's Formal Wear," notes Daniel Katz. "By tying in to our established landlord contacts, we are able to offer AfterHours by Mitchell's the opportunity to grow in both malls and strip centers in targeted areas across the country."

Mitchell's growth plans include a more aggressive store opening campaign, new product introductions and acquisitions of other regional formal wear chains. Katz & Associates' real estate expertise will position Mitchell's for strong growth.

Katz & Associates Corporation is the largest and most widely recognized retail real estate organization of its kind. The firm serves leading national retailers in providing representation in strip centers, regional malls and city streets. Katz' services also include strategic consulting, portfolio evaluation, comprehensive mall leasing and repositioning programs, making the company a complete retail real estate source.

Contact Information:

Claudine McGinnity
Katz & Assoicates
(845) 735-6666 Ext.202
ClaudineMcginnity@dkatz.com

Mitchell's AfterHours Website:

www.afterhours.com

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