Dorel Industries Inc. is listed on the Toronto Stock Exchange under the
symbols DII.SV in Canada and on the NASDAQ Exchange under the
symbol DIIB.9 million, on the disposal of discontinued operations,
representing additional proceeds earned from the sale of the fastener
business, in the three months ended December 31, 2004, and December
31, 2003, respectively.0 million, or 56.

chainwheels bicycles

SchwinnStingRay. Pacific Cycle, a
Dorel Industries, Inc ., the leading supplier of quality bicycles in
North America and a division of Dorel Industries Inc . The
Dorel Juvenile Group Europe carries out activities throughout Europe, under
the Maxi-Cosi , Quinny, Safety 1st, Bebe Confort, Babideal, MonBebe and Baby
Relax brands. Plus, the
Copeland Sports golf shop in Walnut Creek is the first in the company to offer
the state-of-the-art "Launch Monitor" swing analyzer.
Unlike the typical approach to sporting goods retail, Copeland Sports
offers value-added services and programs such as bike and skateboard repair
and service, professional golf instruction and club-fitting, home delivery,
team discounts, and home gym design and layout advice.6
million, or $0.

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Copeland Sports Returns to Walnut Creek With Cutting-Edge New Store

New features include cycling, a full-service footwear department
with the revolutionary i-fit technology , and an expanded boardshop. Net earnings included gains of $12.

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today announced the Grand Opening of its newest Copeland Sports store in
Walnut Creek, California, marking the company's long-awaited return to the
area. The store is located in the Main Street Plaza at the intersection
of California + Boethel in Walnut Creek.
The loss from continuing operations for the three months ended
December 31, 2003 included a $2.fairchild.06)
Gain on disposal of discontinued operations, net 0.09 )
--------------------
Basic and diluted weighted average shares
outstanding: 25,195 25,190
--------------------
REVENUES
Sports + Leisure Segment (a) $43,109 $25,207
Aerospace Segment 23,681 16,673
Real Estate Operations Segment 2,544 2,342
Corporate and Other - 1
Intercompany Eliminations (122) -
-------------- ------
Total $69,212 $44,224
--------------------
OPERATING LOSS
Sports + Leisure Segment (a) $(5,518) $(3,286)
Aerospace Segment 1,080 55
Real Estate Operations Segment 761 766
Corporate and Other (5,372) (3,718)
--------------------
Total $(9,049) $(6,183)
--------------------

(a) - Actual results for the three months ended December 31, 2003,
include only two months of results from the sports + leisure segment
since its acquisition on November 1, 2003.

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, How do you improve the fastest
selling bicycle of all time? Schwinn's wildly popular 2004 Sting-Ray bicycle
is getting a charge -- literally -- via an electric motor. That Sting-Ray
model had sold nearly 600,000 units in less than a year's time, making it what
Schwinn believes to be the fastest selling bicycle in history .

totally grips

7 billion.
"By drawing on our past experience in Walnut Creek and Concord, we're able
to provide services and merchandise in our stores that match the local needs,"
said Mr.

Business Editors

MCLEAN, Va.50 per share, for the quarter ended December
31, 2004, as compared to a loss from continuing operations of $6. Together, Hein Gericke and PoloExpress
operate 229 retail shops in Germany , Austria, Belgium, France, Italy,
Luxembourg, the Netherlands, and the United Kingdom.com

This news release may contain forward looking statements within
the meaning of Section 27-A of the Securities Act of 1933, as amended,
and Section 21-E of the Securities Exchange Act of 1934, as amended.50) $(0.

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America's Most Popular Bike the Schwinn(R) Sting-Ray(R) Has Gone Electric

"The
Sting -Ray Electric takes this trend to a higher level by marrying superior
power assist technology with the red-hot chopper design that Schwinn
introduced to the market with the Sting-Ray. The company designs, markets and imports a full range of
bicycles and recreation products under the brand names of Schwinn, GT,
Mongoose, Pacific, InSTEP, Pacific Outdoors, Roadmaster and Dyno. "And now that we 're back-and
better than ever -- we want as many people as possible to see how our top
brand name equipment, accessories, footwear and apparel make Copeland Sports a
great place to shop.m.
The nearby Copeland Sports store in the Sun Valley Mall in Concord,
California has recently been remodeled and re-merchandized and will also
participate in the grand opening activities and prizes . For store hours and addresses, please visit http://www.9 million, or $0. IFW, located in
Tustin , California, is a designer and distributor of motorcycle
protective apparel, boots and helmets, under several labels, including
First Gear and Hein Gericke. The Fairchild Corporation also owns and operates a shopping
center located in Farmingdale, New York.

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In February 2005, the 20" Street Series Sting-Ray was named the 2004
Outdoor Toy of the Year by the Toy Industry Association, Inc.
Founded in 1895, Schwinn is an American icon and has built some of the
best-known and best-loved bicycles of all time. A world leader in technology
and fabrication, Schwinn has been an indispensable player in revolutionizing
bicycling around the world. The company has distribution centers in Olney ,
Illinois, and Vacaville, California.

Additionally, the
Concord store will host an appearance by "Thunder" the Golden State Warriors'
mascot, as well as the team's Cheerleading Squad from 2:00 - 6:00 p.5 million tax benefit and a $1. Results for the
Company's quarter ended December 31, 2004 are included in the attached
table.
Hein Gericke, PoloExpress and IFW design and sell motorcycle
protective apparel, helmets and a large selection of technical
accessories for motorcyclists .23
--------------------
NET EARNINGS (LOSS ) $0.

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The first retailer to receive the bicycles sold what was thought to
be a three-month allocation in one weekend.Newly-remodeled Concord Store to Participate in Grand Opening Activities Also

WALNUT CREEK, Calif.

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About Dorel
Dorel is a global consumer products company which designs, manufactures or
sources, markets and distributes a diverse portfolio of powerful product
brands, marketed through its Juvenile, Home Furnishings, and
Recreational /Leisure segments.

Fairchild Announces Net Earnings of $0.9 Million for the Quarter Ended December 31 2004

Revenues in the first quarter of fiscal 2005 also benefited from a 42%
increase in revenues at our aerospace segment.

This category focuses on the business of manufacturing, distributing, and marketing products related to BMX bicycles accessories, parts and components.

distributing zygo

newscom.com .09 per share, for the
quarter ended December 31, 2003.

THE FAIRCHILD CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
(In thousands, except per share data)

Three Months Ended
--------------------
REVENUE: 12/31/04 12/31/03
------ --------------
Net sales $66,790 $41,882
Rental revenue 2,422 2,342
--------------------
69,212 44,224
COSTS AND EXPENSES:
Cost of goods sold 45,066 28 ,781
Cost of rental revenue 1,706 1,486
Selling, general + administrative 33,113 23,256
Other (income) expense, net (1,767) (3,116)
Amortization of intangibles 143 -
--------------------
78,261 50,407
OPERATING LOSS (9,049) (6,183)
Interest expense (5,464) (5,393)
Interest income 424 190
--------------------
Net interest expense (5,040) (5,203)
Investment income 131 154
Increase in fair market value of interest rate
contract 1,675 2,090
--------------------
Loss from continuing operations before taxes (12,283) (9,142)
Income tax benefit (provision) (70 ) 2,487
Equity in loss of affiliates, net (200) -
Minority interest , net - 81
--------------------
Loss from continuing operations (12,553) (6,574)
Earnings (loss) from discontinued operations, net 956 (1,525)
Gain on disposal of discontinued operations, net 12,500 5,934
---------- ----------
NET EARNINGS (LOSS) $903 $(2,165)
--------------------
BASIC AND DILUTED EARNINGS (LOSS) PER SHARE:
Loss from continuing operations $(0.26)
Earnings (loss) from discontinued operations, net 0.

elbows hubs

"
Mike Chen, the Copeland Sports Walnut Creek store manager said, "It's
great to have Copeland Sports back in Walnut Creek and we're really looking
forward to actively participating in the community.2 million, or $0. In addition, IFW designs and produces
protective apparel under private labels for third parties, including
Harley-Davidson.50 0.

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"Electric bicycles are at the beginning of a very hot trend right now,"
said Pacific Cycle Inc .
A full array of official Schwinn Sting-Ray parts and accessories including
helmets, handlebar bags, gloves and more are available in mass retailers now,
and additional custom parts such as light kits, mirrors, lights, tail pipes,
and wheel spinners are available at independent bicycle dealerships .
With a continued dedication to quality, forever synonymous with the
Schwinn name, America 's most famous bicycle brand looks forward to providing
another century of innovation, freedom and performance to people of all ages. Pacific
Cycle is headquartered in Madison, Wisconsin with offices in Olney, Illinois
and Lake Forest, California. U. Dorel Asia sources and imports home furnishings ., Copelands' Enterprises, Inc.m.6 million, or $0. The increase was due primarily to the prior period
including only two months of activity from our acquisition of Hein
Gericke, PoloExpress and IFW on November 1, 2003, and our foreign
sales benefiting from a stronger euro as compared to the dollar .

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company, owns the Schwinn Bicycles brand. In Canada, Dorel operates
Dorel Juvenile Group Canada , Ridgewood Industries and Dorel Home Products.5
million, and $5.

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In May 2005,
Schwinn will launch the first electric version of the Sting-Ray. The grand opening will run throughout
September and into the fall and features grand prizes and giveaways in every
department. on
Sunday, September 11.
Fairchild Sports is a seasonal business with historic trends of
higher volumes of sales and profits during months from March through
September.

zygo freestyle

It will reach 14 mph and the battery will last up to
two hours (MSRP $399) See http://www. Schwinn also re-issued
highly collectable Classic Sting-Ray models, complete with banana seats and
ape-hanger handlebars, including the Pea Picker and Grey Ghost models.
In 2001, Pacific Cycle Inc., purchased Schwinn's
bicycle division.

MV and DII.

The Company's loss from continuing operations
was $12.04 $(0.

chainwheels handlebar

com/cgi-bin /prnh/20050517/NYFNSL14 )
The new Sting-Ray Electric(TM), already available at some Schwinn
retailers , shares the original design characteristics of the Street Series
Sting-Ray, but adds an electric motor and a battery pack in the form of a
motorcycle engine casing. Soon, every retailer selling the
new Schwinn Sting-Ray was asking for more Sting-Rays to meet unprecedented
consumer demand . The new Sting-Ray line has created an entirely new category
for the bike market, which has been traditionally comprised of BMX, mountain
and traditional sidewalk bikes. We'll have a full slate of
partnerships with local schools, sports associations and recreational areas.
In fact, we're proud to be a major sponsor of the new skate park that's
opening in November in Walnut Creek," Mr .

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"
Special features of the electric model include: variable pedal, electric
or dual power mode; an on-board computer to make best use of energy; LED
throttle indicator of battery condition; removable rechargeable battery; and
rear wheel motor mount eliminating chain or belt breaks. operations include the Dorel Juvenile
Group USA, which incorporates the Cosco and Safety 1st brands; Ameriwood
Industries , Cosco Home + Office; and Pacific Cycle, which includes the
Schwinn, Mongoose, GT, InSTEP and Roadmaster brands. Dorel employs
approximately 5,000 people in 14 countries.

About Copeland Sports
Headquartered in San Luis Obispo, California, Copelands' Enterprises
operates 37 Copeland Sports stores and one distribution center in California,
Oregon, Nevada and Utah.04 per
share , of net earnings for the quarter ended December 31, 2004, as
compared to a net loss of $2.

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----The Fairchild
Corporation (NYSE:FA), announced today $0.04 (0.

knees handlebar

When Schwinn Bicycles launched the new Schwinn Sting-Ray "Street Series"
juvenile chopper bike in April 2004, the company knew it was on to something
special.S. Fernandez. "This attention to customer preferences demonstrates our
commitment to delivering top-quality sporting goods and excellent service at a
great value. Copeland Sports is the premier sporting goods
retailer in its markets, offering top brand name equipment, accessories,
footwear and apparel in specialty shops including athletics, boardshop, cycle,
fitness , golf, outdoor and women's -- all under one roof and at excellent
values.CopelandSports.

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MADISON , Wis.'s Founder and CEO, Chris Hornung.
The new Schwinn Sting-Ray bicycles are modern chopper versions of the
classic banana seat bike of the '60s and '70s, and have become the must-have
bicycle for kids."
The ribbon-cutting for the new store will occur on Thursday, September 8th
at 9:30 a.
Overall revenues increased by $25.5%, in the
quarter ended December 31, 2004, as compared to the quarter ended
December 31, 2003.

Bicycles manufacturers should be submitted to the Bicycles category It is for appropriate for the sites of manufacturers, wholesalers, trade associations, and other sites about the BMX business.

freestyle handlebar

(Photo: http://www. Chen added that the store will
employ 50 local employees.com. Additional information is
available on The Fairchild Corporation web site (www.

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Schwinn has introduced a variety of new models since the initial spring
2004 launch, including the smaller 16" and 12" models, multi-speed models, the
Spoiler -- a larger, high spec model, limited edition models, and a scooter
line that shares the styling of the chopper bicycles.
The 17 ,000 square foot store offers top brand name gear for men, women and
kids in several departments including athletics, fitness, and outdoor
activities.

hubs freestyle

The Company's actual results could differ materially from those set
forth in the forward-looking statements, as a result of the risks
associated with the Company's business, changes in general economic
conditions, and changes in the assumptions used in making such
forward-looking statements.

distributing elbows

2004 sales were US $1.
"We are excited to return to Walnut Creek," said Joe Fernandez, president
and chief executive officer of Copeland Sports.26 per share, for the quarter ended December 31, 2003.8
million of realized foreign currency gains from cash equivalents held
in a euro denominated account which had benefited from the
strengthening of the euro against the dollar.

About The Fairchild Corporation

In addition to Fairchild Sports, The Fairchild Corporation is
engaged in the aerospace distribution business which stocks and
distributes a wide variety of parts to operators and aerospace
companies providing aircraft parts and services to customers
worldwide.