Fortunoff Intellectual Property Auction Moved to June 23

The formal auction of the Fortunoff intellectual property and intangible assets portfolio has been rescheduled to be held on Tuesday, June 23, 2009 at 10:00 AM eastern time, at the offices of Sidley Austin, LLP, 787 Seventh Avenue, New York, NY 10019. The deadline for receipt of all qualifying bids has been extended to June 22th, 2009 at 9:00 AM eastern time. The sale is being managed by CONSOR Intellectual Asset Management.

Fortunoff`s intellectual asset portfolio for sale includes certain trademarks, domain names, and customer databases. In addition, CONSOR has identified additional value added elements such as the bridal registry, exclusive jewelry designs, 1-800-Fortunoff, training materials, knowledge databases and IT systems. The primary IP assets for sale are:

Worldwide Trademark Portfolio: Over 70 registered trademarks including, Fortunoff, The Source, Prime Time, Oxford Hall, FSS and Avignon.

Domain Names: Over 75 International domain names including, Fortunoff.com, fortunoffbrides.com and fortunoffjewelry.com.

Toll Free Numbers: 1-800-FORTUNOFF / 1-866-FORTUNOFF / 1-888-FORTUNOFF

Customer Database: Over 750,000 customer names, many with detailed purchase history in jewelry, home furnishings and bridal registries.

IT Assets:

Fortunoff.com website- including copyrighted design layout and source code
Customer Relationship Management (CRM) System
Fortunoff Intranet – Complete training materials, style guides and other critical marketing/training assets
DCWizard Warehousing System – Using radio frequency technology, this system provides real-time inventory management and distribution.

Exclusive Jewelry Designs:
Petra collection (approximately 25 designs)
House 533 collection (approximately 1,000 designs)
House 511 collection (approximately 500 designs)
House 513 collection (approximately 2,000 designs)
Avignon – Branded Swiss watches

Fortunoff Branded Products:

The Source grills
Window treatments
Dinnerware
Towels

On this assignment, CONSOR has worked closely with Fortunoff `s financial advisor, Zolfo Cooper, and with Fortunoff’s legal counsel, Sidley Austin, in the auction and sale of the assets as contemplated under the sale procedures.

“The auction was unfortunately delayed to technical difficulties resulting from the regional power outage,” said Daryl Martin, Vice President, CONSOR. “These issues have been resolved and we are pressing forward. Interest in these assets from potential bidders continues to build and we anticipate a spirited auction process, which maximizes the estate’s recovery.”
About CONSOR:
CONSOR, http://www.consor.com, is recognized as an industry leader in the valuation, licensing and disposition of all forms of intellectual property and intangible assets. CONSOR professionals have extensive experience in protecting, preserving and maximizing the value of intellectual property and intangible assets in distressed situations. Over the years CONSOR has valued and/or disposed of the intellectual property portfolios for major retailers in bankruptcy including Barneys, Montgomery Wards and Service Merchandise, among others. Recently, CONSOR has managed multi-million dollar dispositions of the intellectual property portfolios for Tower Records and Collins & Aikman.

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