Corporate Profile for Flexsteel Industries, Inc., dated Dec. 15, 2000

Business Wire, Dec 15, 2000

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Published Date:   Dec. 15, 2000

Company Name:     Flexsteel Industries, Inc.

Address:          3200 Jackson Street
                  P.O. Box 877
                  Dubuque, Iowa 52004-0877

Main Telephone
 Number:          319/556-7730

Internet Home
 Page Address
  (URL)           flexsteel.com

Chief Executive
 Officer:         K. Bruce Lauritsen

Chief Financial
 Officer:         Ronald J. Klosterman

Investor Relations
 Contact:         Timothy E. Hall
 Business number: 319/556-7734 Ext. 392
 E-mail address:  THall@Flexsteel.com

Public Relations
 Contact:         Tom R. Baldwin
 Business number: 319/556-7734 Ext. 276
 E-mail address:  Baldy@Flexsteel.com

Industry:         Upholstery Furniture Manufacturing

Trading Symbol/
 Exchange:        FLXS/NASDAQ

Market Makers:    Merrill Lynch; Smith Moore & Co.; Cantor Fitzgerald;
Jefferies & Company, Inc.; AB Watley, Inc.

Company description: Flexsteel Industries, Inc., a furniture manufacturer since 1893, today markets its upholstered and leather furniture (sofas, chairs, love seats, recliners, and sofa sleepers) throughout the United States. A unique, unitized blue steel spring gave the company its name and also valuable metalworking expertise; this combination of skills has enabled the company to also become a leader in the design and manufacture of specialized seating for marine and recreational vehicles as well as for hospitality and health care.

Nine strategically-positioned factories, extensive computerization, and a fleet of delivery trucks allow fast delivery, even of custom orders to dealers nation-wide. The company provides extensive advertising and other dealer support. Today 259 dealers include Flexsteel Galleries in their retail stores; another 21 show the complete line in their Comfort Seating Showrooms, providing significant growth opportunities for both dealer and manufacturer. The Company's strategic plan is focused on identifying and using key growth opportunities in its three major markets: retail furniture dealers, including multi-store regional marketers; recreational vehicle seating; and contract applications, including hospitality and health care.

Flexsteel's nine factories employ over 2500 persons. Sales in the last fiscal year were $286,860,000.