Featherlite Announces Exploration of Strategic Alternatives

Featherlite(R), Inc. (Nasdaq:FTHR), a leading U.S.
trailer and luxury coach manufacturer, announced today that its Board
of Directors has decided to explore strategic alternatives to enhance
shareholder value. The Company is working with Houlihan Lokey Howard &
Zukin, its financial advisor in the process.
   In making the announcement, the Company stated that there can be
no assurance that the exploration of strategic alternatives will
result in any transaction. The Company does not intend to disclose
developments with respect to the exploration of strategic alternatives
unless and until its Board of Directors has approved a specific
transaction.

   About Featherlite

   With more that 75 percent of its business in the leisure,
recreation and entertainment categories, Featherlite(R), Inc. has
highly diversified product lines offering hundreds of standard model
and custom-designed aluminum specialty trailers, specialized
transporters, mobile marketing trailers and luxury motorcoaches. For
more information about the Company, please visit www.fthr.com.