Broder Bros. Q1 Sales Pass $200 Million

Broder Bros., Co. saw first quarter net sales of $209.6 million compared to $197.7 million for the first quarter 2005. First quarter 2006 loss from operations was $(0.4) million compared to loss from operations of $(1.1) million for first quarter 2005. First quarter 2006 net loss was $(5.3) million compared to net loss of $(5.4) million for first quarter 2005. First quarter 2006 earnings before interest, taxes, depreciation and amortization (EBITDA) was $4.2 million compared to EBITDA of $4.0 million for the first quarter 2005.

Actual results include the impact of certain restructuring, facility consolidation and other highlighted charges discussed below. Excluding these highlighted charges, first quarter 2006 EBITDA was $7.0 million compared to $5.1 million EBITDA for the first quarter 2005.

The company has three operating segments: Broder, Alpha and NES. The Broder division generated first quarter 2006 net sales of $79.4 million compared to $73.8 million in the first quarter 2005. The Alpha division generated first quarter 2006 net sales of $105.0 million compared to net sales of $99.4 million in the first quarter 2005. The NES division generated net sales of $25.2 million in the first quarter of 2006 compared to net sales of $24.5 million in the first quarter of 2005.

             CONSOLIDATED STATEMENTS OF OPERATIONS
         FOR THE THREE MONTHS ENDED APRIL 1, 2006 AND MARCH 26, 2005
                            (dollars in millions)
                                 (Unaudited)

                                                    Three Months Ended
                                                  2006               2005

  Net sales                                       $209.6             $197.7
  Cost of sales                                    171.6              162.0
      Gross profit                                  38.0               35.7

  Warehousing, selling and
   administrative expenses                          32.6               30.6
  Restructuring and asset impairment
   charges                                           0.8                0.9
  Management fee                                     0.3                0.1
  Stock-based compensation                           0.1                0.1
  Depreciation and amortization                      4.6                5.1
      Operating expenses                            38.4               36.8

      Loss from operations                          (0.4)              (1.1)

  Interest expense, net of change in
   fair value of interest rate swaps                 9.2                8.3
      Other expenses                                 9.2                8.3

      Loss before income taxes                      (9.6)              (9.4)

  Income tax benefit                                (4.3)              (4.0)

      Net loss                                     $(5.3)             $(5.4)

  Reconciliation to EBITDA
      Interest expense, net of change
       in fair value of interest rate
       swaps                                         9.2                8.3
      Income tax provision (benefit)                (4.3)              (4.0)
      Depreciation and amortization                  4.6                5.1

  EBITDA                                            $4.2               $4.0