Filed by Phoenix Footwear Group, Inc.
                              Pursuant to Rule 425 under the Securities Act of
                              1933, and deemed filed pursuant to Rule 14a-12
                              under the Securities and Exchange Act of 1934.
                              Commission File No. 001-31309

                              Subject Company: Antigua Enterprises, Inc.,


                                                           FOR IMMEDIATE RELEASE

      PHOENIX FOOTWEAR GROUP, INC. ANNOUNCES INTEREST IN ACQUIRING ANTIGUA
                               ENTERPRISES, INC.

OLD TOWN, Maine, Jan. 8  /PRNewswire-FirstCall/  -- Phoenix Footwear Group, Inc.
(Amex:  PXG - News)  announced  today  that it has sent a letter to the Board of
Directors of Antigua  Enterprises,  Inc.  (TSX  Venture:  ANE - News),  in which
Phoenix  Footwear  offered to acquire  Antigua  through a tax-free  merger.  The
letter  contemplates  Phoenix Footwear acquiring all of Antigua's  approximately
15,030,214  shares of outstanding  common stock in exchange for 1,500,000 shares
of newly  issued  Phoenix  Footwear  common  stock and the  cancellation  of all
outstanding  Antigua  options.  As a  result  of the  merger,  all of  Antigua's
outstanding indebtedness (including approximately $18 million in long-term debt)
would be carried over to the combined companies and then repaid.  Prior to or at
the time of the merger,  Phoenix  Footwear would effect a 3-for-1  forward stock
split.  After  completion  of the stock split and the merger,  Phoenix  Footwear
anticipates  having  outstanding   approximately   7,644,000  shares  (excluding
anticipated  unallocated  shares that will be held by Phoenix Footwear's defined
contribution  401(k) savings plan).  Thus,  Antigua  shareholders  would receive
approximately 20% of the post-closing equity in the combined entities.

Based on Phoenix Footwear's closing price yesterday, the proposed share exchange
ratio represents a significant premium over the recent closing prices of Antigua
common stock. The final purchase price will not be known until the closing date.
During 2002, Phoenix Footwear's stock traded between $12.00 and $5.80.

For the nine months ended September 30, 2002,  Antigua reported revenue of $30.7
million and earnings  before  interest and taxes of $2.5  million.  For the same
period,  Phoenix Footwear  reported revenue of $28.8 million and earnings before
interest  and taxes $2.9  million.  Phoenix  Footwear had  previously  announced
expected earnings for full 2003 of between $1.40 and $1.50 per share.

Antigua  previously  announced  that it was  exploring a variety of  refinancing
options to address debts due and payable to Thomas Dooley,  Jr. in the amount of
$4.7  million as well as a $6 million  note  owing to L&B  Transportation,  Inc.
Phoenix  Footwear's   proposed   transaction  would  address  Antigua's  current
liquidity   issues  and  provide  for  continued   participation   by  Antigua's
shareholder in the combined company's future potential.

"The transaction will allow us to expand our brand offerings and to leverage our
established  platforms to build a powerful company in the fashion market.  After
giving  effect  to  anticipated   synergies  and  based  on  publicly  available
information,  we expect that the  proposed  transaction  would be  significantly
accretive to earnings in the first year," stated James  Riedman,  CEO of Phoenix
Footwear.  "We believe our offer is very attractive and the tax efficient nature
of the proposed transaction together with the compelling  post-merger  economics
should benefit the  shareholders of both Phoenix  Footwear and Antigua.  We have
made our offer directly to Antigua's  Board of Directors and asked the directors
to  seriously  consider  our offer and to act in the best  interest of Antigua's
shareholders in their deliberations," added Mr. Riedman.

Phoenix  Footwear's offer would be subject to various  conditions  including the
negotiation and execution of a definitive  documentation,  approval of Antigua's
Board of Directors and shareholders, approval of Phoenix Footwear's shareholders
to increase the number of its authorized shares,  obtaining required  regulatory
approvals,  completion of due diligence and Phoenix Footwear's ability to obtain
financing  necessary for the  transaction.  Phoenix  Footwear is confident  that
financing  would be available given the strength of its balance sheet and strong
liquidity.  Phoenix Footwear has also received confirmation from its lender that
financing is highly feasible.


About Phoenix Footwear Group, Inc.

Phoenix Footwear Group,  Inc., based in Old Town, Maine,  designs,  develops and
markets  casual and dress  footwear  for women and men.  The  company's  premium
footwear brands include the Trotters(R) and SoftWalk(R) lines. Formerly known as
Daniel Green Company (Nasdaq: DAGR - News), Phoenix Footwear Group is now traded
on the American Stock Exchange under the symbol PXG.

Contacts:

James Riedman
Chief Executive Officer
Phoenix Footwear Group, Inc.
(858) 847-0251

Todd St. Onge
Brainerd Communications, Inc.
(212) 986-6667

This  press  release  contains  certain  forward-looking  statements  within the
meaning of Section 27A of the  Securities  Act of 1933, as amended,  and Section
21E of the Securities Exchange Act of 1934, as amended, which are intended to be
covered by the safe harbors  created  thereby.  Investors are cautioned that all
forward-looking  statements  involve risks and  uncertainty,  including  without
limitation, future action or inaction by the Board of Directors and shareholders
of Antigua  Enterprises,  Inc.  with respect to the matters  referred to in this
press  release,  statements  concerning  Phoenix  Footwear  Group's  or  Antigua
Enterprises's outlook for the future, the ability to successfully  integrate the
two companies following the merger, the ability to realize estimated  synergies,
as well  as  other  statements  of  beliefs,  future  plans  and  strategies  or
anticipated  events,  and similar  expressions  concerning  matters that are not
historical  facts.  Although  Phoenix  Footwear  believes  that the  assumptions
underlying the forward-looking  statements contained herein are reasonable,  any
of the assumptions could be inaccurate, and therefore, there can be no assurance
that the forward-looking statements included in this press release will prove to
be  accurate.  In  light  of  the  significant  uncertainties  inherent  in  the
forward-looking  statements  included herein,  the inclusion of such information
should not be  regarded  as a  representation  by Phoenix  Footwear or any other
person that the objectives and plans of Phoenix Footwear will be achieved.

More detailed information  pertaining to Phoenix Footwear's proposal will be set
forth in appropriate  filings to be made with the SEC. We urge  shareholders  to
read any  relevant  documents  that may be filed with the SEC because  they will
contain important  information.  Shareholders will be able to obtain a free copy
of any filings containing information about Phoenix Footwear, without charge, at
the SEC's Internet site  (http://www.sec.gov).  Copies of any filings containing
information  about Phoenix  Footwear can also be obtained,  without  charge,  by
directing a request to Phoenix  Footwear  Group,  Inc., from the contacts listed
above or at its website (http://www.phoenixfootwear.com).

This communication  shall not constitute an offer to sell or the solicitation of
an offer to buy  securities,  nor shall there be any sale of  securities  in any
jurisdiction  in which such offer,  solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.

Phoenix  Footwear  and  certain  other  persons  named below may be deemed to be
participants  in  the   solicitation  of  proxies.   The  participants  in  this
solicitation  may  include  the  directors  and  executive  officers  of Phoenix
Footwear.  A detailed  list of the names of  Phoenix  Footwear's  directors  and
officers is contained in Phoenix  Footwear's proxy statement for its 2002 annual
meeting,  which  may be  obtained  without  charge at the  SEC's  Internet  site
(http://www.sec.gov).