Mossimo, Inc. Controlling Stockholder Proposes to Acquire Company's Outstanding Public Shares

Mossimo, Inc. Controlling Stockholder Proposes to Acquire
Company's Outstanding Public Shares 


LOS ANGELES, April 12  /PRNewswire-FirstCall/ -- Mossimo, Inc.'s (NASDAQ: MOSS)
(the "Company") founder Mossimo Giannulli today announced that he is proposing
to acquire the outstanding publicly held shares of the Company for $4.00 per
share in cash.  This represents a 20% premium to the closing price of the
Company's common stock on April 11, 2005.

Following today's announcement, Mr. Giannulli expects the Board of Directors of
the Company to form a special committee of independent directors to consider
the proposal with the assistance of outside financial and legal advisors.  Mr.
Giannulli expects that the precise structure of the transaction, as well as the
conditions to its consummation, will be determined through negotiations with
the special committee.  Mr. Giannulli also anticipates that any ensuing
transaction will be consummated pursuant to the terms of an acquisition
agreement mutually acceptable to Mr. Giannulli and such committee.

Mr. Giannulli owns approximately 65% of the outstanding shares of the Company's
common stock.  He advised the Company's Board that he will not consider any
other transaction involving his interest in the Company.

Piper Jaffray & Co. is serving as Mr. Giannulli's financial advisors in the
transaction and Latham & Watkins LLP is providing legal counsel.

The Company's stockholders and other interested parties should read the
Company's relevant documents filed with the Securities and Exchange Commission
when they become available because they will contain important information. The
Company's stockholders will be able to obtain such documents free of charge at
the SEC's web site (http://www.sec.gov/) or from the Company at 2016 Broadway,
Santa Monica, CA 90404.

About Mossimo, Inc.

Founded in 1987, Mossimo, Inc. is a designer, licensor and distributor of
men's, women's, boy's and girl's apparel, footwear, and other fashion
accessories such as jewelry, watches, handbags, and belts.

Statements in this release represent the parties' current intentions, plans,
expectations and beliefs and involve risks and uncertainties that could cause
actual events to differ materially from the events described in this release,
including risks or uncertainties related to the success of the negotiations
with the special committee and whether the merger will be completed, as well as
changes in general economic conditions, stock market trading conditions, tax
law requirements or government regulation, and changes in the apparel industry
or the business or prospects of the Company.  The reader is cautioned that
these factors, as well as other factors described or to be described in SEC
filings with respect to the transaction, are among the factors that could cause
actual events or results to differ materially from the current expectations
described herein.  No agreement, arrangement or understanding shall be created
between the parties with respect to the Company or the stock of the Company for
purposes of any law, rule, regulation, or otherwise, until such time as
definitive documentation and any agreement, arrangement, or understanding has
been approved by the special committee and the Board of Directors of the
Company and thereafter executed and delivered by the Company and all other
relevant persons. 

DATASOURCE: Mossimo Giannulli



CONTACT:  Lewis M. Phelps of Sitrick And Company, [phone], for

Mossimo Giannulli

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