Escalade Slates New Directors, Seeks Addition in Authorized Shares

Mar 15, 2004, 00:00 ET from Escalade, Inc.

    WABASH, Ind., March 15 /PRNewswire-FirstCall/ -- Escalade, Inc.
 (Nasdaq:   ESCA) slated three new independent Directors in a bid to bolster its
 Board and strengthen its corporate governance.  If elected, this will increase
 the number of Directors to seven, of which five will be nonemployee
     The new Director nominees are as follows:
     -- Mr. George Savitsky, age 65, Partner:  Savitsky Satin & Company, a
 company specializing in the management of the personal and business affairs of
 highly successful entertainers.  Mr. Savitsky is a CPA with a unique
 background in marketing, manufacturing and finance.
     -- Mr. Richard White, age 50, President, Aeolus Capital LLC, an investment
 management group focused on small cap investments in public companies as well
 as private equity investments.  Mr. White is also a CPA.
     -- Mr. Edward (Ned) Williams, age 43, Founder and President of Ballast
 Tools, Inc., a manufacturer of industrial equipment and supplies used for
 railway track maintenance for 19 years.  Mr. Williams is a graduate of
 Westminster College with a degree in Economics and Business Administration.
     C.W. (Bill) Reed, President and CEO, stated that "The new Director
 nominees bring a wealth of successful business experience as well as financial
 expertise that should prove valuable as we move forward."
     The company also announced that it is seeking to triple its authorized
 common shares to 30 million to provide future flexibility for corporate needs
 such as stock splits or stock dividends, acquisitions or other purposes.
     Both actions are subject to shareholder approval at the annual shareholder
 meeting to be held on April 24, 2004, at 9:00 AM central time at 817 Maxwell
 Ave., Evansville, IN.
     Escalade is a quality manufacturer and marketer of sporting goods and
 office/graphic arts products sold worldwide.  To obtain more information on
 the Company and its products, visit our website at: or
 contact Terry Frandsen, Vice President and CFO at 260/569-7208 or C.W. (Bill)
 Reed, President and CEO at 260/569-7233

SOURCE Escalade, Inc.