Wellco Enterprises, Inc. Announces Extension of Contract Order Delivery Dates.

WAYNESVILLE, N.C. -- Wellco Enterprises, Inc. (AMEX:WLC) today announced that the U. S. Department of Defense has extended the delivery dates on boot orders under its contracts. The original delivery dates for boot shipments in April through June 2006 have been extended to May through August 2006.

Wellco was informed that the Army's current usage of boots is lower than the rate projected when the orders were issued to Wellco.

This is only an extension of the shipping date. No orders or contracts have been cancelled. Wellco has adjusted its production rate accordingly.

CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING INFORMATION

Statements throughout this report that are not historical facts are forward-looking statements.

These statements are based on current expectations and beliefs, and involve numerous risks and uncertainties. Many factors could affect the Company's actual results, causing results to differ materially from those expressed in any such forward-looking information.

These factors include, but are not limited to, the receipt of contracts from the U. S. government and the performance thereunder; the ability to control costs under fixed price contracts; the cancellation of contracts; and other risks detailed from time to time in the Company's Securities and Exchange Commission filings, including Form 10-K for the year ended July 2, 2005 and Form 10-Q for the fiscal quarter ended October 1, 2005. Those statements include, but may not be limited to, all statements regarding intent, beliefs, expectations, projections, forecasts, and plans of the Company and its management. Actual results may differ materially from management expectations. The Company assumes no obligation to update any forward-looking statements.