Falcon Products Further Drives Operating Efficiency

Falcon Products Further Drives Operating Efficiency 


ST. LOUIS, Nov. 3  /PRNewswire-FirstCall/ -- Falcon Products, Inc. , a leading
manufacturer of commercial furniture, today announced the next step in its plans
to streamline its operations.  Through a combination of operating improvements
in all of its plants and expansion of strategic sourcing partnerships, the
Company will close its Canton, Mississippi facility and reallocate production
across its current supply base. The initiatives announced today are expected to
reduce the Company's fixed cost structure and improve operating performance. In
addition, these actions are expected to provide greater levels of customer
service and reduce required inventory levels. The Company expects to complete
the plant closing and production transfers by the second quarter of fiscal
2004.

In making the announcement, Franklin A. Jacobs, Chairman and Chief Executive
Officer, stated, "We have significantly improved our cost structure in the last
few years. The actions announced today reflect our continued focus on improving
our cost structure and streamlining our operations. These actions will build
upon our previously announced decision to close our manufacturing facility in
Zacatecas, Mexico and are a key component of our ongoing plans to reduce costs
and improve customer service."

David L. Morley, President and Chief Operating Officer, commented,  "The primary
focus of our restructuring efforts will be to better leverage the Company's
existing manufacturing competencies and improve operating efficiencies. As we
consolidate manufacturing operations into our existing facilities, we will
improve our operational focus, deepen the skills of our people, provide greater
levels of customer service, and improve our cost structure. We believe these
actions will position the Company for improved financial performance, even in a
slow economic environment."

Falcon Products, Inc. is the leader in the commercial furniture markets it
serves, with well-known brands, the largest manufacturing base and the largest
sales force. Falcon and its subsidiaries design, manufacture and market products
for the hospitality and lodging, food service, office, healthcare and education
segments of the commercial furniture market. Falcon, headquartered in St. Louis,
Missouri, currently operates 10 manufacturing facilities throughout the world
and has approximately 2,600 employees.

Safe harbor statement under the Private Securities Litigation Reform Act of
1995: Statements contained in this news release which are not historical fact,
such as forward-looking statements, involve risks and uncertainties, including,
but not limited to, loss of key customers or suppliers within specific
industries, availability or cost of raw materials, and increased competitive
pricing pressures reflecting industry conditions. Additional cautionary
statements regarding other risk factors that could have an effect on future
performance of the Company are described in Falcon's periodic filings with the
Securities and Exchange Commission. Although Falcon believes the expectations
reflected in any forward-looking statements are based on reasonable assumptions,
Falcon can give no assurance that its expectations will be attained. Any
forward-looking statements represent the best judgment of Falcon as of the date
of this release. Falcon disclaims any intent or obligation to update any
forward-looking statements. 

DATASOURCE: Falcon Products, Inc.



CONTACT:  Michael J. Dreller, Vice President - Finance & CFO, of Falcon

Products, Inc., [phone]

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