CONSO PRODUCTS COMPANY QUARTERLY EARNINGS UP 63%; RECORD SALES INCREASE 27%.

Company (Nasdaq/NM:CNSO) today announced quarterly earnings of $1.4 million for its fiscal quarter ended September 30, 1995, and earnings per share of $0.27, up 63% over last year's results. Earnings per share reflect a 3-for-2 stock split in the form of a 50% stock dividend paid on October 8, 1995.

Sales increased to a record level of $17.1 million, up 27% from last year's $13.5 million. Sales by Conso U.S. operations accounted for $12 million, or a 36.8% increase over the prior year, while the European operations' sales accounted for $5.1 million, a 7.9% increase. Export sales outside the U.S. and the U.K. increased to $1.6 million, a 31% increase over the prior year.

The gross margin on sales continued to improve to 36.3% (before the effects of a one-time special provision), up from the prior year's 33%. In September, the Company made a special provision of $250,000 to absorb charges relating to the disposal of equipment and inventory of its embroidery operations, which it intends to discontinue over the next several months. This provision reduced the gross margin in the first quarter by 1.4% to 34.9% and earnings per share by $0.03.

The quarterly tax provision continues to be favorably impacted ($141,900) by anticipated South Carolina Jobs Tax Credits relating to job increases at our Union, SC, plant.

Cary Findlay, Chairman, stated, "We are very pleased to be able to respond to the increasing customer demands for our products. Over the past several years, the Company has instituted a number of systems and production improvements, positioning the Company to expand its production capacity and make timely deliveries. This level of service has undoubtedly gained the confidence of our customers."

Conso Products Company is the world's largest producer and distributor of decorative trimmings for the home furnishings industry. Products include a full range of knitted and woven fringes, decorative cords, tasseled accessories, jacquard and other woven braids, as well as workroom supplies and decorative brassware. The Company maintains a worldwide sales force and has production facilities in the U.S., Mexico and the U.K., employing 1,500 personnel worldwide. -0-

                           CONSO PRODUCTS COMPANY
                     CONSOLIDATED FINANCIAL HIGHLIGHTS

                              First Quarter Ended  First Quarter Ended
                              September 30, 1995     October 1, 1994
                                         Percent               Percent
                                            of                    of
                            Consolidated  Sales    Consolidated Sales
Net sales                    $17,067,107  100.0%  $13,473,619   100.0%
Gross margin                  $5,948,280   34.9%   $4,450,093    33.0%
Operating income              $2,081,370   12.2%   $1,505,407    11.2%
Income before income taxes    $1,826,130   10.7%   $1,308,631     9.7%
Income taxes                  $(468,955)    2.7%   $(473,926)     3.5%
Net income                    $1,357,175    8.0%   $ 834,705      6.2%

Earnings per share            $    0.27            $    0.17

Weighted average number of
   shares outstanding         4,950,293(1)         4,950,293(1)

    (1)Reflects a 3-for-2 stock split as declared by the Company on
September 7, 1995, payable on October 6, 1995, to shareholders of
record at the close of business on September 18, 1995.

                          CONSO PRODUCTS COMPANY
                   CONSOLIDATED CONDENSED BALANCE SHEETS

                                   September 30, 1995 July 1, 1995
Assets
   Cash                                 $   203,647    $   142,555
   Accounts receivable                   11,004,469      9,805,603
   Inventories                           19,540,318     19,931,881
   Prepaid expenses and other               667,280        842,840
      Total current assets               31,415,714     30,722,879

Investments                                  39,271         39,270

Property and equipment                   17,563,919     17,241,742
Accumulated depreciation                 (6,186,755)    (5,798,641)
   Net property and equipment            11,377,164     11,443,101
Deferred taxes and other costs            1,896,819      1,493,561
      Total assets                      $44,728,968    $43,698,811

Liabilities and Shareholders' Equity
   Short-term borrowings                $ 8,412,297    $ 9,073,531
   Current maturities of long-term debt     526,958        571,044
   Trade accounts payable                 3,459,835      3,749,179
   Accrued liabilities                    3,616,627      2,859,467
      Total current liabilities          16,015,717     16,253,221
   Long-term debt                         2,540,775      2,598,315
   Deferred income taxes                    718,737        723,544
   Shareholders' equity                  25,453,739     24,123,731
      Total liabilities and
      shareholders' equity              $44,728,968    $43,698,811

CONTACT: Conso Products Company, Union

J. Cary Findlay, 800-842-6676