Exhibit 99.1


          I.C. Isaacs Pre-Announces Fiscal Year 2006 Financial Results


    NEW YORK--(BUSINESS WIRE)--Jan. 24, 2007--I.C. Isaacs & Company,
Inc. (OTCBB: ISAC), designer and marketer of the Marithe & Francois
Girbaud brand of casual denim and sportswear, today announced that it
expects to report full year earnings per diluted share in the range of
$0.61 to $0.63 on lower than anticipated sales. This is a revision to
prior expectations for earnings per diluted share of $0.76 to $0.78.
The Company's prior and updated guidance does not include $0.08 of
anticipated expenses from the adoption of FASB 123R, under which the
non-cash impact of stock options are recorded as an expense.

    Peter Rizzo, Chairman and Chief Executive Officer of IC Isaacs,
commented, "The fourth quarter retail environment proved to be
challenging, particularly for our independent specialty accounts which
make up nearly 80% of our business and which typically function on a
short cash cycle. As a result, we experienced unanticipated
cancellations and returns on pre-booked business as well as softer
than expected in-season sales trends. This put pressure on both our
sales and margin plan for the quarter. We believe this softness may
carry over into the first quarter as reflected by an approximate 20%
decline in first quarter seasonal backlog versus the year-ago level.
We believe that this issue is not specific to our brand or products,
but is symptomatic of market-related issues for urban sportswear."

    The Company noted that while sales and gross margin were affected
by the tenor of the fourth quarter retail environment, it believes
that expenses remained on plan due to both effective cost control and
a reduction in bonus accrual rates to reflect the expected performance
in the fourth quarter.

    About I.C. Isaacs & Company

    I.C. Isaacs & Company, Inc. is a designer and marketer of branded
casual denim and sportswear based in New York and Baltimore. The
Company offers full lines of casual denim and sportswear for men and
women under the Marithe & Francois Girbaud brand in the United States
and Puerto Rico.

    This announcement contains forward-looking statements within the
meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Those statements are based on
management's current expectations and observations and include
statements regarding the expected financial results of the Company for
the years 2006 and 2007, the Company's expectations with respect to
the economic environment in 2006 and 2007 and its belief in the
strength and future of the Company's business. Such statements are
subject to a variety of risks and uncertainties. Included among the
factors that, in the Company's view, could cause actual results to
differ materially from the forward looking statements contained in
this press release are the following: (i) changes in the marketplace
for the Company's products, including customers' taste, (ii) the
introduction of new products or pricing changes by the Company's
competitors, (iii) changes in the economy, (iv) termination of one or
more of its agreements for the use of the Girbaud brand names and
images, (v) the risk that the Company's sales estimate will differ
from actual orders and the Company will order too much or too little
inventory, (vi) the effect the restructuring of the women's line will
have on future income, (vii) the results that any changes in operating
procedures will have on the order backlog, (vii) the risk that the
Company will be unsuccessful in implementing its strategic or
operating initiatives and (viii) other factors listed from time to
time in the Company's filings with the Securities and Exchange
Commission, including its Annual Report on Form 10-K for the year
ended December 31, 2005 and its subsequent reports on Form 10-Q and
Form 8-K. Existing and prospective investors are cautioned not to
place undue reliance on these forward-looking statements, which speak
only as of the date of this press release. The Company undertakes no
obligation to update or revise the information contained in this press
release, whether as a result of new information, future events or
circumstances or otherwise.


    CONTACT: I.C. Isaacs & Company
             Gregg Holst, 646-459-2670
             Chief Financial Officer
             or
             Investor Relations:
             Integrated Corporate Relations
             James Palczynski, 203-682-8200