Johnson Outdoors Inc. (NASDAQ:JOUT), a leading global outdoor recreation company, today announced production has resumed at the Company's Binghamton, New York plant. Heavy rains caused massive flooding in parts of the Northeastern United States in late June, forcing the temporary closure of the plant. Johnson Outdoors' Outdoor Equipment Group, located in Binghamton, New York, employs 200 people and designs, manufactures and markets tents for consumer, commercial and military use under the Eureka!(R) brand name, and outdoor compasses and digital instruments under the Silva(R) brand. FACILITY UPDATE The manufacturing facility and offices have been fully cleaned. No exterior structural damage has been found, and interior renovation plans are underway. OPERATIONS UPDATE All production employees have been called back to work, and military and commercial tent production has resumed. Shipments from the Company's finished goods warehouse to consumer and commercial customer accounts were not affected by the temporary plant closure. Administrative offices will continue to operate from a temporary location until interior renovations are completed. The Company took a charge of $1.2 million in the 2006 third fiscal quarter; however, the full financial impact of the business interruption is not yet known. The Company will be able to make a determination near the end of the 2006 fiscal fourth quarter on the total amount of recoverable losses, and expects its insurance coverage will indemnify the balance of those losses. MILITARY UPDATE On August 21, 2006 the Company was awarded a $2.9 million order for the one-person combat tent with anticipated delivery from November 2006 through July 2007. This order was not issued under the multi-vendor, multi-product contract announced on September 7, 2005. The Company continues to expect fiscal 2006 military sales will be in the $30-$35 million range. ABOUT JOHNSON OUTDOORS INC. Johnson Outdoors is a leading global outdoor recreation company that turns ideas into adventure with innovative, top-quality products. The Company designs, manufactures and markets a portfolio of winning, consumer-preferred brands across four categories: Watercraft, Marine Electronics, Diving and Outdoor Equipment. Johnson Outdoors' familiar brands include, among others: Old Town(R) canoes and kayaks; Ocean Kayak(TM) and Necky(R) kayaks; Escape(R) electric boats; Minn Kota(R) motors; Cannon(R) downriggers; Humminbird(R), Bottomline(R) and Fishin' Buddy(R) fishfinders; Scubapro(R) and UWATEC(R) dive equipment; Silva(R) compasses and digital instruments; and Eureka!(R) tents. Visit us on line at http://www.johnsonoutdoors.com SAFE HARBOR STATEMENT Certain matters discussed in this press release are "forward-looking statements," intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical fact are considered forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties, which could cause actual results or outcomes to differ materially from those currently anticipated. Factors that could affect actual results or outcomes include changes in consumer spending patterns; the Company's success in implementing its strategic plan, including its focus on innovation; actions of companies that compete with the Company; the Company's success in managing inventory; movements in foreign currencies or interest rates; the Company's success in restructuring of its European Diving operations; unanticipated issues related to the Company's military sales; the success of suppliers and customers; the ability of the Company to deploy its capital successfully; adverse weather conditions; events related to the terminated Buy-Out transaction; and other risks and uncertainties identified in the Company's filings with the Securities and Exchange Commission. Shareholders, potential investors and other readers are urged to consider these factors in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements included herein are only made as of the date of this press release and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
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