WLC Wellco Enterprises

Wellco Enterprises, Inc., (AMEX:WLC) -- today announced that it has been awarded a Department of Defense contract to supply the U.S. Army with Extreme Cold Weather boots. This contract is for a one year period, with four one year options which are exercisable at the government's discretion, with revenues estimated to range from a minimum of $177,930 to a maximum of $1,910,671 per year. The base year of the contract has been exercised for a maximum amount of $1,697,452. Work will be performed at Wellco's plant in Waynesville, North Carolina and it's plant Moka Shoe Corporation in Aguadilla, Puerto Rico. Lee Ferguson, President and Chief Executive Officer stated, "We are very pleased to have received the new award for the Extreme Cold Weather Boots. We stand proud in being able to support the needs of our troops at home and abroad." Wellco Enterprises, Inc. specializes in the manufacture and development of military footwear and derives the majority of its revenues from the sale of military and tactical boots. Wellco is committed to providing high performance footwear and excellent service to the U.S. military and all its customers.