Nation's "Fastest Growing Retailer" Brings Revolutionary Concept to Spring

Port Washington, N.Y. (June, 2007) - Steve & Barry's®, the national apparel retailer known for its affordable casual clothing for the entire family offered at astonishing low prices, announced today the opening location, in Spring, Texas. The 56,000 square foot store, located in Corum Station Shopping Center, is scheduled to open by the middle of the summer. It will be the eighteenth Steve & Barry's in Texas, with other stores in Houston, Dallas and San Antonio.

BusinessWeek says Steve & Barry's "rules the mall," Forbes magazine called Steve & Barry's one of the "fastest growing retailers in the nation," and the International Council of Shopping Centers (ICSC) chose the company as one of the five retailers to receive the "2005 Hot Retailer Award." In 2006, Footwear News awarded Steve & Barry's the publication's "Launch of the Year" following the launch of the Starbury™ Collection, an entire line of casual and athletic clothes and sneakers created with NBA star Stephon Marbury. The Collection includes the Starbury™ One, a high performance sneaker that Marbury wears on-court for the New York Knicks and retails at Steve & Barry's for just $14.98 - about 1/10th the price of comparable sneakers marketed by other major brands.

As with the Starbury Collection, Steve & Barry's shoppers pay an amazing 50% to 90% less for the same quality clothing found at competing department and specialty stores. Most items are typically around $20 or less. Steve & Barry's features the largest selection of the most popular men's, women's and kid's apparel, including entire departments of jeans, t-shirts, athletic pants, jackets, footwear, heavyweight hooded sweatshirts, jerseys, hats, chinos, shorts and polo shirts in sizes to fit the whole family.

Since its inception in 1985, Steve & Barry's has continually expanded its license portfolio and product categories. Today, shoppers can find officially licensed merchandise featuring the logos of over 350 colleges and universities, including local institutions Texas A&M, University of Houston, Rice, and Southern Texas. Steve & Barry's is also the place to find apparel baring the logos of America's favorite automotive, pop culture, food and beverage and other brands, including Chevrolet, Ford, Marvel Entertainment, Cheerios, Tootsie Roll, Hershey's, and many more. More exciting brands and properties are being added to the Steve & Barry's licensing roster all the time, so it's always a good idea to check out each store's Wall of T-shirts to see what's new.

Steve & Barry's currently owns and operates nearly 200 stores in 33 states. A complete store listing and more information is available at www.steveandbarrys.com, and more information on the Starbury Collection is available at www.starbury.com.

About J. Beard Real Estate Company LP
Jeff Beard and Diana Gaines of The J. Beard Real Estate Company, L.P. represented the Landlord at CORUM Station. CORUM Station is a 135,000 sq. ft. shopping center, located at the corner of Kuykendahl & Louetta. The center is surrounded by residential and strong commercial growth activity, in one of the strongest growth corridors in North Harris County. The J. Beard Real Estate Company is based in The Woodlands, Texas and provides a variety of commercial real estate services, including leasing and brokerage services, landlord representation, site acquisition, commercial land and building dispositions, development services and tenant representation. For more information about the center and other properties, contact J. Beard Company.

About Steve & Barry's
Based in New York, Steve & Barry's® is a leading national specialty retailer offering licensed and non-licensed lifestyle apparel for men, women and children. Founded in 1985, the company operates anchor and junior anchor shopping center and mall-based locations throughout the U.S. Today, the entire family can benefit from Steve & Barry's incredible values on its full line of jeans, t-shirts, cargos, jackets, footwear, shorts, sweatshirts, jerseys, hats, hoodies, chinos, tanks, polos and more. For additional information, please visit www.steveandbarrys.com.