Isserman expands the Company's Board to nine
members and increases the Board's independent membership to six. For 26 years, Mr. Isserman served as Audit Partner
in KPMG's New York office. He currently teaches accounting courses at Yeshiva University and
Long Island University business schools. He is also a member of the American Institute of CPAs and formerly
served on its Board of Examiners .
Efraim Grinberg, President and Chief Executive Officer commented, "We are
very pleased to have Richard join our Board of Directors. Richard will be a
valuable asset to Movado Group with a wealth of experience in finance and
accounting, as evidenced by his numerous leadership positions held within the
profession.

DALLAS, AcroMetrix Corporation announced today
that it has signed an exclusive agreement with Children's Hospital Medical
Center of Akron (CHMCA) to develop and commercialize quality control products
for cystic fibrosis (CF) testing using CHMCA's new proprietary technology.
"Cystic fibrosis screening is an important step in the fight to lessen the
impact of hereditary diseases in the United States," said Michael J. "Our scientists
have worked extremely hard to develop this new technology, which will assist
physicians by enhancing the accuracy of test results.

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Movado Group Inc. Appoints New Independent Director To The Board

Isserman is a licensed New York
state CPA and is the former Chairman of the New York State Society of CPAs SEC
committee.
These state-of-the-art controls will have a major impact on the way that CF
test results are interpreted. Although
more than 1000 CF mutations have been identified, a relatively small number of
these, approximately 25 mutations, account for the majority of CF cases in the
United States. AcroMetrix maintains this
leadership role by consistently developing innovative proficiency panels,
standards, external run controls, and validation kits for molecular testing in
blood screening and clinical diagnostic laboratories.

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designs, manufactures, and distributes Movado, Ebel,
Concord , ESQ, Coach, Tommy Hilfiger and Hugo Boss watches worldwide, and
operates Movado boutiques and Company stores in the United States. Because of the technical complexity of these tests,
ACMG, ACOG and the NHGRI have also recommended that laboratories conducting CF
carrier screening comply with stringent quality assurance guidelines.acrometrix.

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J. The addition of Mr.
Mr. Mr. In
the United States , these mutations are detected in approximately 1 in 25 non-
Jewish Caucasians of European ancestry and Ashkenazi Jews and at lower
frequencies in Americans of African, Asian or Hispanic ethnicity .com.

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(NYSE: MOV) today announced the appointment of Richard Isserman to the
Company's Board of Directors and to the Audit Committee of the Board of
Directors. Isserman is currently the Chairman of
the Corporate Compliance Committee and member of the Audit Committee for the
Federation Employment and Guidance Services, a social service agency in New
York City. He is also a member of the Finance Committee for the Jewish Museum
in New York City. As a member of the Audit Committee, Richard will be a great
addition to our strong team and we look forward to his contributions.
This screening for high prevalence mutations using molecular diagnostic test
methods identifies carrier couples with a one in four risk for affected
offspring with each pregnancy, and offers them genetic counseling and various
reproductive options. "This agreement with CHMCA will result in innovative quality
control products designed to increase the accuracy and reliability of cystic
fibrosis testing.

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Isserman, age 70, enjoyed a distinguished career with KPMG LLP that
spanned nearly 40 years.

AcroMetrix and Children's Hospital Medical Center of Akron Sign Agreement on Quality Control Products for Cystic Fibrosis Testing

"

About AcroMetrix
AcroMetrix, with facilities in Benicia, CA and Alkmaar , Netherlands,
provides a comprehensive line of molecular diagnostic quality control products
that assist laboratories in meeting current government regulations and
recommendations regarding quality assurance. For more information on
AcroMetrix please visit the company web site at http://www.

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PARAMUS, N., Movado Group, Inc. Mr.
The American College of Medical Genetics (ACMG) and the American College
of Obstetricians and Gynecologists (ACOG), in conjunction with the National
Human Genome Research Institute (NHGRI), have issued recommendations and
guidelines for CF carrier testing in a population-based screening program. Eck, CEO
of AcroMetrix.

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Mr. Isserman also led KPMG's real estate audit
practice in New York and was a member of the firm's SEC Reviewing Partners
Committee."

Movado Group, Inc.
CF is a hereditary disease associated with mutations in the CFTR gene that
results in chronic pulmonary disease and other clinical manifestations."
"We are thrilled to be collaborating with AcroMetrix to leverage our
research on advanced disease screening tools," said Deborah Bonzak, Vice
President of Ancillary Services at Akron children's Hospital .

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