Michael Anthony Jewelers, Inc. Announces Delisting of Common Stock And Application to Suspend Its Duty to File Reports With the

Michael Anthony Jewelers, Inc. Announces Delisting of Common Stock And
Application to Suspend Its Duty to File Reports With the Securities and Exchange
Commission 


MT. VERNON, N.Y., Feb. 20  /PRNewswire-FirstCall/ -- Michael Anthony Jewelers,
Inc. today announced that its application filed with the Securities and Exchange
Commission (SEC) to withdraw its Common Stock from listing and trading on the
American Stock Exchange has been granted effective opening of business February
20, 2004.  Effective today, the Company's shares are no longer traded on the
American Stock Exchange and the Company's Common Stock is now being quoted by
Pink Sheets LLC under the symbol "MAJI".  The "Pink Sheets" is a centralized
quotation service that collects and publishes market maker quotes in real time,
primarily through its website, http://www.pinksheets.com/, which provides stock
and bond price quotes, financial news and information about securities traded.

In addition, the Company announced that it has filed with the SEC on Form 15 its
notice to suspend its duty to file reports under the Securities and Exchange Act
of 1934.  The Company expects the suspension to become effective within 90 days
of the filing with the SEC.  As a result of the Form 15 filing, theCompany's
obligation to file with the SEC certain reports and forms, including Forms 10-K,
10-Q and 8-K, have ceased.  The Company expects to realize significant cost
savings as a result of being relieved of its SEC periodic reporting
requirements.

Michael Anthony Jewelers is a leading designer, marketer and manufacturer of
affordable fine jewelry, whose customers include jewelry chain stores, discount
stores, department stores, television shopping networks, catalogue retailers and
wholesalers.

Except for historical information contained herein, the matters set forth in
this news release are forward-looking statements that involve certain risks and
uncertainties that could cause actual results to differ materially from those in
the forward-looking statements. 

DATASOURCE: Michael Anthony Jewelers, Inc.



CONTACT:  Michael Paolercio, Chief Executive Officer of Michael Anthony

Jewelers, Inc., [phone], ext. 290



Web site:  http://www.michaelanthony.com/ 

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