Wellco Enterprises, Inc. Announces a New Contract

Wellco Enterprises, Inc., (AMEX:WLC) -- today announced
that it has been awarded a Department of Defense contract to supply
the U.S. Army with Extreme Cold Weather boots. This contract is for a
one year period, with four one year options which are exercisable at
the government's discretion, with revenues estimated to range from a
minimum of $177,930 to a maximum of $1,910,671 per year. The base year
of the contract has been exercised for a maximum amount of $1,697,452.
Work will be performed at Wellco's plant in Waynesville, North
Carolina and it's plant Moka Shoe Corporation in Aguadilla, Puerto
Rico.
   Lee Ferguson, President and Chief Executive Officer stated, "We
are very pleased to have received the new award for the Extreme Cold
Weather Boots. We stand proud in being able to support the needs of
our troops at home and abroad."
   Wellco Enterprises, Inc. specializes in the manufacture and
development of military footwear and derives the majority of its
revenues from the sale of military and tactical boots. Wellco is
committed to providing high performance footwear and excellent service
to the U.S. military and all its customers.