Wellco Enterprises, Inc. Announces Receipt of Notice from AMEX of Resolution of Continued Listing Deficiency

Wellco Enterprises, Inc. (AMEX:WLC) announces that on
September 8, 2006, the American Stock Exchange (the "AMEX") gave
notice to the Company that, based on the Company's Form 8-K, Current
Report, filed on August 23, 2006, with the Securities Exchange
Commission, the Company has resolved the continued listing deficiency
referenced in the Warning Letter dated May 18, 2006 from the AMEX (the
"Warning Letter") pursuant to Section 1009(a)(i) of the AMEX Company
Guide (the "Company Guide"). The AMEX also gave notice to the Company
that the Company has become subject to the provision of Section
1009(h) of the Company Guide. The Company's receipt of the Warning
Letter was reported in the Company's Form 8-K, Current Report, filed
on May 22, 2006, with the Securities Exchange Commission.

   CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING INFORMATION

   Statements throughout this report that are not historical facts
are forward-looking statements. These statements are based on current
expectations and beliefs, and involve numerous risks and
uncertainties. Many factors could affect the Company's actual results,
causing results to differ materially from those expressed in any such
forward-looking information.
   These factors include, but are not limited to, the receipt of
contracts from the U.S. government and the performance thereunder;
the ability to control costs under fixed price contracts; the
cancellation of contracts; and other risks detailed from time to time
in the Company's Securities and Exchange Commission filings, including
Form 10-K for the year ended July 2, 2005. Those statements include,
but may not be limited to, all statements regarding intent, beliefs,
expectations, projections, forecasts, and plans of the Company and its
management. Actual results may differ materially from management
expectations. The Company assumes no obligation to update any
forward-looking statements.