Escalade, Inc. reported sales in its sporting goods segment increased 13.2 percent in the first
quarter of 2011 compared to the same quarter in 2010. Increases in
consumer spending, new product development, expanded product placement
and additional customer base are driving sales increases.

Escalade's management indicated it believes improved sales in the Sporting Goods segment will continue through the remainder of the year; however, the improvement may be slightly less than that experienced in the first quarter.

Overall, sales grew 11.2 percent to $28.0 million. Net income reached
$1.2 million, or 9 cents per share, from $802,000, or 6 cents, a share.

Net revenue in the Information Security and Print Finishing segment increased 7.2 percent in the first quarter 2011 compared to the same quarter in 2010. A portion of the increase in the first quarter is the result of the timing of certain shipments which may not be repeated in subsequent quarters; however, the company anticipates sales in 2011 will exceed prior year.

Escalade also announced that, on April 14, 2011, it amended its existing Credit Agreement with its issuing bank, JPMorgan Chase Bank, N.A. As amended, the Credit Agreement now provides Escalade with a senior revolving credit facility in the maximum principal amount of up to $22 million with an extended maturity date of July 31, 2013 and a term loan in the principal amount of $8,500,000 with a maturity date of May 31, 2015. The amendment also reduced the interest rates payable by Escalade under the revolving credit facility, increased the amount of capital expenditures allowed under the Credit Agreement, and provides for certain qualifying acquisitions without the lender's consent for aggregate consideration up to $5 million.

“We are pleased to see healthy sales and profit growth in both the Sporting Goods and Information Security and Print Finishing business segments,” stated Robert J. Keller, president and chief executive officer of Escalade, Inc. “Our strategy of making significant investments in product innovation and brand marketing is working. Major advances in our product placement have been achieved. We anticipate our strategy, coupled with improvement in the global economy, will result in continued sales and earnings growth for the company. We are also very pleased with the amendment to our Credit Agreement, which reflects the reduction of our debt load over the last year and improved financial condition as evidenced by lower interest rates and the extended maturity date of our U.S. revolving credit facility.”

Escalade is the world's largest producer of table-tennis tables and one of the largest marketers of premium basketball systems, playground equipment, and archery products. Its sports brands include: Goalrilla, Goaliath, Silverback, Stiga, Mizerak, Murrey Billiards, Mosconi Billiards, The Black Widow, ChildLife Harvard Game, Murrey Game, Accudart, Bear Archery, Fred Bear, Jennings Archery, The Step and US Weight.

                  ESCALADE, INCORPORATED AND SUBSIDIARIES
CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS
(Unaudited, In Thousands Except Per Share Amounts)

Three Months Ended Twelve Months Ended
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19 March 20 March 19 March 20 March
2011 2010 2011 2010
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NET SALES $ 27,998 $ 25,169 $ 123,485 $ 116,210

OPERATING EXPENSES
Cost of goods sold 17,873 16,616 84,731 81,770
Selling and administrative 7,741 6,861 28,584 28,323
Amortization 317 283 1,322 2,081
--------- --------- --------- ---------

OPERATING INCOME 2,067 1,409 8,848 4,036

OTHER INCOME (EXPENSE)
Interest expense (184) (360) (987) (1,784)
Other income 122 258 1,912 2,346
--------- --------- --------- ---------

INCOME BEFORE INCOME TAXES 2,005 1,307 9,773 4,598

PROVISION FOR INCOME TAXES 802 505 3,313 (1,699)
--------- --------- --------- ---------

NET INCOME $ 1,203 $ 802 $ 6,460 $ 2,899
========= ========= ========= =========

PER SHARE DATA
Basic earnings per share $ 0.09 $ 0.06 $ 0.51 $ 0.23
========= ========= ========= =========
Diluted earnings per share $ 0.09 $ 0.06 $ 0.48 $ 0.22
========= ========= ========= =========

Average shares outstanding 12,804 12,685 12,754 12,648