EXHIBIT 21
SUBSIDIARIES OF THE REGISTRANT
| Name |
Place of Incorporation | |
| Penobscot Shoe Company | Maine | |
| H.S. Trask & Co. | Montana | |
| PXG Canada, Inc. | Ontario, Canada | |
| Belt Company (f/k/a Chambers Belt Company) | Delaware | |
| Phoenix Delaware Acquisition, Inc. | Delaware |