Brass Eagle Inc. Names New Chairman of the Board.

Business Editors

BENTONVILLE, Ark.--(BUSINESS WIRE)--Aug. 5, 2002

Brass Eagle Inc., (Nasdaq:XTRM) the worldwide leader in the manufacturing, marketing and distribution of paintball products, regrets to announce the death of its Chairman of the Board, Marvin W. Griffin Jr., on July 29, 2002, due to heart failure. Mr. Griffin was formerly Chairman of the Board and President of Daisy Manufacturing Company Inc., and was instrumental in the founding and development of Brass Eagle Inc.

Lynn Scott, President and CEO of Brass Eagle, stated "Marvin has been a great supporter of our Company since its inception. Those of us who have had the good fortune of working directly with him will greatly miss his knowledge, experience and encouragement."

The Company offers its condolences to Mr. Griffin's family.

Brass Eagle also announces that H. Gregory Wold has been unanimously elected to serve as Chairman of the Board of the Company.

H. Gregory Wold, 68, has been a Director of Brass Eagle Inc. since its inception in September 1997. Mr. Wold joined the Ford Motor Company, an auto manufacturer, in 1964 and, after leading several product development and manufacturing operations, became Associate Director, Corporate Strategy in 1986 and then served as Director, Business Development from 1996 to 1997. Mr. Wold retired from the Ford Motor Company in 1997. He is currently Managing Director of Hudson Partners, L. L. C., a firm experienced in corporate development and restructuring through mergers, acquisitions, joint ventures and divestitures. Mr. Wold is also serving as a Director of Daisy Manufacturing Company and Ross Aluminum.

Mr. Wold stated: "We are extremely saddened by Marvin's passing. He was a great friend and business colleague. It is an honor to serve in his place. He has left the Company in great shape - both the Board and key Officers have several years experience with Brass Eagle, and the team he built remains in place."

Brass Eagle is unique in providing a full line of paintball markers and accessory products from beginner through competition level. The Company is the dominant supplier of products for this rapidly growing sport. Brass Eagle was named one of the "Top 100" Hot Growth Companies by Business Week magazine in 1998, 1999 and 2001, and one of the IW Growing Companies 25, America's Most Successful Small Manufacturers by Industry Week Magazine.

Certain statements in this press release (including statements containing the words "expect," "will," "believe," "continue," "anticipate," "could," "intend" and similar words) may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Brass Eagle, its industry or others to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Important factors that could cause actual results to differ materially from Brass Eagle's expectations include the following: (1) Intensifying competition, including specifically the intensification of price competition, the entry of new competitors and the introduction of new products by new and existing competitors; (2) Failure to obtain new customers or retain existing customers; (3) Inability to carry out marketing, sales or other business plans and strategies; (4) Loss of key executives; (5) General economic and business conditions which are less favorable than expected; and (6) Unanticipated changes in industry trends.