ART + COMMERCE JOINS IMG

New York, NY, February 14, 2007, Expands IMG's Fashion Business Portfolio ? IMG, the world?s premier sports, entertainment and media company, today announced that it has acquired Art + Commerce, the leading management agency with an impressive client roster of photographers, stylists, creative directors, and hair and make-up artists.

Based in New York, Art + Commerce will continue to operate under the Art + Commerce name and will remain under the leadership of its three founding principals, Anne Kennedy, Jim Moffat and Leslie Sweeney. Terms of the agreement were not disclosed.

IMG’s fashion division is the global leader in the management and production of fashion weeks and designer fashion events. The division owns and operates many of the world’s most important fashion events, including Mercedes-Benz Fashion Week (New York), Mercedes-Benz Fashion Week at Smashbox Studios (Los Angeles), Fashion Fringe (London), Rosemount Australia Fashion Weeks (Sydney and Melbourne), The Singapore Fashion Festival and Lakme Fashion Week (Mumbai, India). IMG Fashion also publishes The Daily group of publications which includes The Daily Front Row, the bi-monthly The Daily Mini and www.fashionweekdaily.com.

Also part of the IMG Fashion network is IMG Models, the world’s number one international model management firm with offices in New York, Paris, London, Milan and Singapore. The agency represents many of the industry's top names, including Gisele Bundchen, Heidi Klum, Kate Moss, Carolyn Murphy and Daria Werbowy.

“The addition of Art + Commerce to IMG Fashion represents a significant step in our strategy to expand our fashion businesses into different arenas,” said Chuck Bennett, Senior Corporate Vice President of IMG. “Art + Commerce brings the most notable image makers which perfectly compliments our activities throughout the world. Jim, Anne, Leslie and their team bring an exceptional combination of experience and unique skills. We are delighted to be working with them and are looking forward to their future contributions.”

“We are so pleased to be a part of IMG and look forward to working closely with them to enhance and expand our artists’ opportunities throughout the world across IMG’s many global platforms,” said Anne Kennedy of Art + Commerce.

Since its founding in the 1980s, Art + Commerce has represented many of the most important photographers, stylists, creative directors and hair and make-up artists. The company offers support and development for each artist’s career including exhibition, publication, and educational projects.

The Art + Commerce Archive is a unique collection of photographs available for licensing to advertising, editorial and special projects. This archive offers unprecedented access to the visionary work of such artists as, Steven Meisel, Inez van Lamsweerde and Vinoodh Matadin, Craig McDean, Ellen von Unwerth and the Estates of Guy Bourdin, Robert Mapplethorpe, and Ewrin Blumenfeld.

IMG also represents many of the most important sports figures in the world including Tiger Woods, Annika Sorenstam, Roger Federer and Maria Sharpova and is one of the world’s largest independent licensing companies.

About IMG
IMG is a diversified global business with two major business segments: IMG Sports & Entertainment, and IMG Media. IMG employs over 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; client representation in golf, tennis, broadcasting, European football, rugby, cricket, motorsports, coaching, Olympic sports, and action sports. In addition, IMG Academies is 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 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 10,000 hours of sports, documentary, drama, comedy, entertainment, popular factual, and children’s content annually, over multiple platforms across 200 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, www.darlowsmithson.com, and www.tigeraspect.co.uk.

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Contact:

Zach Eichman
IMG Fashion
(212) 774-4307
zach.eichman@imgworld.com

Anna Cordasco/Brooke Morganstein
Sard Verbinnen & Co
(212) 687-8080