Falcon Products Names Phillip J. Pacey Vice President, Chief Financial Officer

Falcon Products Names Phillip J. Pacey Vice President, Chief
Financial Officer 


ST. LOUIS, April 1  /PRNewswire-FirstCall/ -- Falcon Products, Inc. , a leading
manufacturer of commercial furniture, today announced the appointment of Phillip
J. Pacey as vice president and chief financial officer. Mr. Pacey will begin on
May 1, 2004. Mr. Pacey will oversee finance, treasury, investor relations and
tax functions and will report directly to Franklin A. Jacobs, Falcon's chairman
and chief executive officer.

Mr. Pacey most recently served as senior vice president and chief financial
officer of O'Sullivan Industries Holdings, Inc., a leading manufacturer of
ready-to-assemble furniture. While at O'Sullivan, he oversaw all aspects of
finance, treasury and information technology. In addition, he played a key role
in the financial and operational initiatives that reduced expenses and improved
working capital.

"We are pleased to have someone of Phillip's caliber," Mr. Jacobs said. "He is
an accomplished executive who will be an excellent addition to our management
team. We are confident that Phillip's experience and demonstrated ability to
control costs will help drive Falcon's long-term growth and shareholder value."

Mr. Jacobs continued, "We are all doing what is necessary for this company to
succeed this quarter and into the future. We have taken significant steps to
restructure our costs and have meaningfully reduced our breakeven point. In line
with this, David Morley, our president and chief operating officer, and I have
been talking about the duplication of our positions in these times of cost
reductions and downsizing. We determined that it did not make sense at this time
for both positions and David Morley offered to resign his position as president
and chief operating officer. He will continue to consult with me on strategic
alternatives as we move forward.

"We are very appreciative for all David Morley has done these past three years,"
Mr. Jacobs concluded. "He hashelped us strategically align our operations and
drive efficiencies throughout the organization. We wish him success in his
future endeavors."

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 8 manufacturing facilities throughout the world and
has approximately 2,100 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 which could
impact future financial performance, including, but not limited to, loss of key
customers or suppliers within specificindustries, availability or cost of raw
materials, increased competitive pricing pressures reflecting industry
conditions and general demand for products. Additional cautionary statements
regarding other risk factors that could have an effect on futureperformance 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:  Franklin A. Jacobs, Chairman, Chief Executive Officer of Falcon

Products, Inc., [phone]



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

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