On March 27, 2009, Escalade, Incorporated ("Escalade") issued the press release attached hereto as Exhibit 99.1 announcing financial information regarding Escalade's fourth fiscal quarter and fiscal year ended December 27, 2008. The information hereunder, including Exhibit 99.1, shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference into a filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

On March 24, 2009, Escalade signed a commitment letter with JPMorgan Chase Bank, N.A. ("Chase"), the company's lender, for a new senior secured revolving credit facility in the maximum amount of $50.0 million and, through Chase's London branch, a senior secured revolving credit facility in the maximum amount of 3.0 million EURO. The credit facility is to extend through May 17, 2010 provided the Company is in compliance with the stated financial covenants. Upon entry into the definitive new loan agreements, the Company's existing covenant violations under its existing credit facilities with JP Morgan Chase will be waived.

In connection with signing the commitment letter, on March 25, 2009, Escalade issued the press release attached hereto as Exhibit 99.2, which press release shall not be deemed to be "filed" for the purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference into a filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

(c) Exhibits

  Exhibit   Description

  99.1      Press release dated March 27, 2009

  99.2      Press release dated March 25, 2009