WLC Wellco Enterprises

Wellco Enterprises, Inc. (AMEX: WLC) today announced that its production of boots under contract with the U. S. Department of Defense during the quarter ended October 1, 2005, the first quarter of fiscal year 2006, was 63% less than the first quarter of fiscal year 2005. This decrease was caused by two situations. In early August 2005 the sole supplier of a major boot component had a quality problem that was not resolved until late September. This supplier's quality problem severely limited the supply of this component material. The limited supply of this sole source component material reduced the Company's production and also caused manufacturing inefficiencies. In addition, the quantity of total boots under Defense Department orders against which the Company was producing during the quarter ended October 1, 2005 was lower than prior periods. The Company has now received new delivery orders for a total of 280,000 pairs of boots. These orders have required delivery dates from November 2005 through June 2006. Because of these situations, the Company expects to report a net loss for the quarter ending October 1, 2005 of between $600,000 and $700,000, or approximately $.50 per share. For the prior year quarter ended October 2, 2004, the Company had net income of $397,000 (basic earnings per share-$.32; diluted earnings per share-$.31). The Company will announce operating results for the quarter ended October 1, 2005 not later than November 16, 2005. 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. 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.