Wittnauer .

NaviSite, Inc.3% to $87.2% gain in the year-ago period.

longines patek

----

Leading Watch and Clock Manufacturer Extends Relationship with
NaviSite Stemming from Successful Launch of Bulova . The new Web site is
designed to highlight Wittnauer's watchmaking excellence, marketing to
discerning U. A
subsidiary of Loews Corporation, the U.

MOVADO GROUP , INC.

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Designed from the start to apply exquisite Swiss craftsmanship to
the challenges and demands of American life for almost 125 years,
Wittnauer has been America's own Swiss watch. "In our
experience , NaviSite has proven itself to be a provider who offers
superior performance, integrity, expertise and reliability. These results include the Ebel business, which was acquired on
March 1, 2004.03 per diluted share, in the
prior year period.

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com Web site launch.3 million in the
year-ago period. Double
digit gains in sales and profits reflect the power of our portfolio of brands
and businesses, innovative new product offerings and consistent integrated
marketing support ."
Mr.
Consolidated Statements of Operations
(in thousands, except per share data)
(Unaudited)

Three Months Ended
April 30 ,

2005 2004

Net sales $ 87,756 $ 74,187

Cost of sales 34,918 30,802

Gross profit 52,838 43,385

Selling, general and
administrative expenses 50,699 41,678

Operating profit 2,139 1,707

Interest expense 809 725

Income before taxes 1,330 982

Income tax 333 246

Net income $ 997 $ 736

Net income per diluted share $ 0.

The sites must offer shopping capability.

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Movado Group Inc. Announces First Quarter Results

8 million from $74. Looking ahead, we have comprehensive marketing and
merchandising initiatives in place to support our brands and drive sell
through at retail throughout fiscal 2006. Included in this guidance is an
expected $0. A live broadcast of the call will be available on
the Company 's website: http://www.

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(NASDAQ SC: NAVI) deploys, manages and enables
software applications and infrastructure for middle-market
organizations, which include mid-sized companies, divisions of large
multi-national companies and government agencies. - EPS Increases to $0., Movado Group, Inc.03
Shares used in per share
computation 26,020 25,508

MOVADO GROUP, INC.

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The Company has approximately 480 employees
servicing approximately 1,100 customers world-wide."
Rick Cote, Executive Vice President and Chief Operating Officer, stated,
"In addition to our strong sales results, we are pleased with the improvement
in our gross margin due to the full integration of Ebel into our supply chain
and improved margins in our Movado boutiques.

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0% from last year.04 per diluted share,
compared to net income of $736,000, or $0. The Company
has tried, whenever possible, to identify these forward -looking statements
using words such as "expects," "anticipates," "believes," "targets," "goals, "
"projects," "intends," "plans," "seeks," "estimates," "projects," "may,"
"will," "should" and similar expressions.

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-- Gross margin improved to 60.04 $ 0.

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2% compared to 58.5% last year.m.

wristwatch aarons

com offers site visitors the
ability to search for and view the complete Wittnauer watch brand
along with a store locator search feature enabling visitors to find
local retailers who carry this distinctive line of watches.

Efraim Grinberg, President and Chief Executive Officer , commented, "We are
pleased with our first quarter results which were achieved on top of a very
strong first quarter delivered in the comparable period last year.

Movado Group, Inc.

This press release contains certain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.

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S."

About Bulova

Founded in 1875, Bulova remains one of the world's most recognized
brands, reaching a wide range of consumers with its Bulova, Accutron
and Caravelle watches, as well as its award-winning Bulova Clocks.
NaviSite is a Microsoft Gold Certified Partner, PeopleSoft
Distributor and Silver Services Partner, and a Siebel Reseller
Partner .navisite. Eastern Time. These risks and uncertainties
may include, but are not limited to: the Company 's ability to successfully
introduce and sell new products, the Company's ability to successfully
integrate the operations of Ebel without disruption to its other business
activities, changes in consumer demand for the Company's products, risks
relating to the retail industry, import restrictions , competition, seasonality
and the other factors discussed in the Company's Annual Report on Form 10-K
and other filings with the Securities and Exchange Commission.

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"We initially engaged NaviSite to design and build our Bulova. Ebel accounted for net sales of $6.1 million versus $1. The Company projects fiscal year 2006 sales to grow
approximately 12% from last year.com.

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wenger cartier

About NaviSite , Inc. Our brands continue to perform extremely well at retail
and we are especially pleased with our performance in our international
markets."
Movado Group noted that due to the delay in the adoption of FASB 123R, the
Company has increased its fiscal year 2006 guidance for diluted earnings per
share to now range between $1.04 per diluted share expense related to equity compensation of
restricted stock.

Web sites that focus on the sale of watch and watch accessories.

heuer wrist

(NASDAQ SC: NAVI ), a leading provider of IT
Outsourcing and Software On Demand enablement services for
middle-market organizations, announced that Bulova, the New York-based
manufacturer of precision clocks and watches , has chosen NaviSite to
develop and manage its new Web site, www. Data Center. "It was critically important for Bulova to know that its
chosen outsourcing partner would work with it to understand its
business in order to leverage the strength of the Wittnauer brand, and
be able to complete the engagement on time and on budget. The Company offers vertical expertise in the
manufacturing /distribution, financial services,
healthcare/pharmaceutical, services, publishing/media +
communications , and public sector industries.5% to $997,000, or $0. Our balance sheet also remains strong with a cash position of
approximately $50 million.

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This engagement signifies an expansion to
Bulova's existing relationship with NaviSite, as Bulova formerly
employed NaviSite's services to launch the Bulova .04 from $0.6 million in the first
quarter of fiscal 2006 compared to net sales of $2.3% to $2.7 million
in the year-ago period.

-- Net income grew 35.24. This call will be
archived online within one hour of the completion of the conference call. 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. Be advised that developments
subsequent to this press release are likely to cause these statements to
become outdated with the passage of time.
CONSOLIDATED BALANCE SHEETS
(in thousands, except per share data)
(Unaudited)

April 30, January 31, April 30,
2005 2005 2004
ASSETS

Cash and cash equivalents $ 49,641 $ 63,782 $ 35,948
Trade receivables, net 99,925 102,622 99,546
Inventories 204,896 187,890 176 ,001
Other 37,701 32,864 31,585
Total current assets 392,163 387,158 343,080

Property, plant and equipment ,
net 50,944 50,283 45,713
Other assets 37,139 39,509 36,149
$480,246 $476,950 $424,942

LIABILITIES AND SHAREHOLDERS' EQUITY

Loans payable to banks $ 18,000 $ 0 $ 32,539
Current portion of long-term
debt 0 0 5,000
Accounts payable 35,289 38,488 26,281
Accrued liabilities 35,830 39,618 42,041
Deferred and current taxes
payable 5,131 5,250 5,798
Total current liabilities 94,250 83,356 111,659

Long-term debt 45,000 45,000 25,000
Deferred and non-current
income taxes 12,046 14,827 10,435
Other liabilities 16,425 17,209 11,820
Shareholders' equity 312,525 316,558 266,028
$480,246 $476,950 $424,942

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"
"Bulova was in need of a full service vendor that it could entrust
to design, build and host its new web site," said Denis Martin, CTO,
NaviSite. owned and operated company
is headquartered in New York City.

-- Comparable store sales at the Company's Movado boutiques increased
3 . These
statements reflect the Company's current beliefs and are based upon
information currently available to it.

rado bulova

S.
NaviSite was founded in 1997 and is headquartered in Andover,
Massachusetts , with offices and data centers across the United States,
and in the UK and India.com

First Quarter Fiscal 2006

-- Net sales increased 18. Excluding Ebel, first quarter fiscal 2006 net sales
grew 13.2% on top of an 18.

-- Operating profit increased 25.
The Company's management will host a conference call today, June 2, 2005
at 10:00 a.

wenger helix

com Web site, and
stemming from its success, has contracted with NaviSite for the
Wittnauer.
The Company offers a full range of services including design,
implementation, optimization, upgrade, application development, fully
hosted and remote application management, managed services, content
delivery, colocation, and Software as a Service enablement. Grinberg concluded, "We are encouraged by the strong reception that
our brands received at the recently held annual watch and jewelry show in
Basel, Switzerland.movadogroup.

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Bulova Chooses NaviSite to Develop and Manage New Wittnauer Web Site

With the addition of Art of Time,
the 2001 acquisition of the respected Wittnauer name, now functioning
as a separate entity under the Bulova corporate umbrella, and the
recent establishment of proprietary operations in Europe as part of
its new international operating strategy, Bulova continues to
consolidate its position at the forefront of the timekeeping industry.
(NYSE: MOV), today announced first quarter results for the period ended April
30, 2005.

rado wristwatch

Y. For more
information, please visit www.2 million last
year.

esq wrist

wittnauer. This Web site is designed to be
a feature-rich and customer-friendly portal that represents the
company's brand on the Web.J.18 and $1. Accordingly ,
such forward-looking statements involve known and unknown risks, uncertainties
and other factors that could cause the Company's actual results, performance
or achievements and levels of future dividends to differ materially from those
expressed in, or implied by, these statements.

bulova bluedial

Business Editors /Technology Editors

ANDOVER, Mass.com

NaviSite, Inc.com, out of
NaviSite's Syracuse , N. consumers. In
addition, NaviSite offers rock-solid service level agreements and a
peace of mind that our infrastructure was being managed by the best in
the business.03 LY -

PARAMUS , N. Similarly, statements in this press
release that describe the Company's business strategy, outlook , objectives,
plans, intentions or goals are also forward-looking statements.

cartier straps

com
Web site and we were so pleased with the relationship, it was an easy
decision to employ NaviSite to build the new Wittnauer site, " said
Eric Hofmann, director, marketing technology, Bulova, Inc. We believe this represents a
level commensurate with where we expect gross margin to be for the fiscal
year.