Littlefield, Adams & Company Announces Filing a Request for a Form 10-K Filing Extension.

Business Editors

HUBER HEIGHTS, Ohio--(BUSINESS WIRE)--March 30, 2000

Littlefield, Adams & Company ("Littlefield") (OTCBB:FUNW) announces that it has requested an extension from the Securities and Exchange Commission on its filing of the Form 10-K for the year ended December 31, 1999.

In its Form 12b-25, the Company stated that: "The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense." In Part III, the Company stated: "Form 10-K cannot be submitted on time because of: (1) changes in personnel; (2) surgical operation on Director of Accounting; (3) systemic problems; and (4) resignation of the Company's independent auditor on January 25, 2000. An agreement has been reached with a certified public accounting firm, but not yet formalized." In Part IV, the Company disclosed that: "There will be significant changes in revenue and net income between the fiscal-year ended December 31, 1998, and December 31, 1999. Net sales will decline from $25,917,000 to an estimated $7,200,000. Net income will fall from $2,466,000 to a negative amount difficult to estimate because of systemic problems, but one above the loss of $2,843,000 for the nine-months ended September 30, 1999."

Littlefield, Adams & Company, headquartered in Huber Heights, Ohio, designs, prints, and sells T-shirts, sweatshirts, and other casual apparel which are screen printed with licensed or proprietary artwork. Littlefield markets its products primarily to retailers throughout the United States. The Company's principal licenses include World Championship Wrestling, "WCW" and "nWo", (a Time Warner Company); "Dilbert" (United Feature Syndicate, Inc.); "Garfield" (Paws, Incorporated); "The Simpsons" and "King of the Hill" (Twentieth Century Fox); "Wit Bit" (Daniel Williams, LTD.); and "Lola" (Tribune Media Services, Inc.). "Stix-n-Stones" is Littlefield's branded proprietary product. For additional information about Littlefield, Adams & Company, visit our web site at www.funwear.com.

Forward-looking statement caveat: The foregoing discussion includes projections and forward-looking statements that are based on management's beliefs as well as assumptions made by and information currently available to management. When used in this report, the words "anticipate," "estimate," "expect," "predict," "project," "believe," and similar expressions are intended to identify forward-looking statements. The forward-looking statements were prepared on the basis of assumptions which relate, among other things, to the market acceptance of the Company's products, including the Company's licensed and proprietary products; the cost of producing and marketing the Company's products; the prices at which the Company's products may be sold; and the Company's market share for its products. Such assumptions may prove not to be accurate or appropriate, and even if such assumptions do prove to be accurate and appropriate, the actual results of the Company's operations in the future may vary widely due to increased competition in the industry, an increase in interest rates, general economic conditions and other risks and uncertainties. Not all "bookings" constitute contractual commitments, and may therefore be subject to cancellation or modification by customers. Accordingly, the actual results of the Company's operations in the future may vary widely from the forward-looking statements included herein.