USA BASKETBALL AND TIFFANY & COMPANY ANNOUNCE MULTIYEAR GLOBAL MARKETING PARTNERSHIP

-- Tiffany & Co. to Design and Create the New Global Community Cup Presented to
Most Outstanding Player of USA Basketball National Games --

NEW YORK, Aug. 11, 2010 – USA Basketball and Tiffany & Co. today announced a new multiyear global marketing partnership that will make one of the world’s most recognizable brands an Official Partner of USA Basketball. 

The creation of the Global Community Cup trophy, which will commemorate USA Basketball’s journey as it competes in international competitions on an annual basis, will highlight the partnership.  Prior to each competition, USA Basketball will play a series of exhibitions against top national teams in both the United States and abroad.  The Global Community Cup, which Tiffany & Co. will design and create, will be awarded after each game with engravings honoring both teams, the standout player of the game, and a charity supported by USA Basketball.

“We are thrilled to partner with this dynamic organization that has so successfully promoted the sport of basketball on the global stage,” said Michael J. Kowalski, chairman and CEO of Tiffany & Co. “Everyone affiliated with USA Basketball—from the players to head coach Mike Krzyzewski and USA Basketball chairman Jerry Colangelo—is an ambassador for this great sport and an emissary of goodwill in competitions that will take place around the world. We are honored to create the Global Community Cup and to participate in the many exciting events ahead.”

“Tiffany & Co. is one of the most respected brands in the world, and we are proud that they are supporting USA Basketball through the design and creation of the celebrated Global Community Cup,” said Colangelo.  “USA Basketball is committed to working hard every year to represent our country during international competitions, and we are honored that Tiffany & Co. will create a trophy representing our journey.”

The partnership will tip off at the Tiffany & Co. New York Flagship store tonight with a special event featuring the 15 finalists for the 2010 USA Basketball Men’s World Championship Team, Colangelo, and Krzyzewski.  Tiffany & Co. will recognize the entire team with Tiffany Atlas® Chronograph watches in stainless steel. 

Other elements of the partnership will include Tiffany & Co. courtside signage and in-game commercial spots during USA Basketball games.  USA Basketball and Tiffany & Co. will produce vignettes documenting the creation of the Global Community Cup and post them to Tiffany.com, USABasketball.com, and various social media outlets.