, ("Secured Notes ") on a consensual Plan
of Reorganization ("Plan") and that both groups support confirmation of the
Plan.

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The Company will introduce four (4)
new collections at the upcoming ABC Show in Las Vegas , NV. "This is an important milestone
in our Chapter 11 process and continues on our timeline to emerge from
bankruptcy within the next few months.S.

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"PALI's decision to enter into the nursery linens market is a natural
compliment to our commitment to bringing the finest products to our
customers and to the consumer," said Kevin Walker, Vice President, Sales
for Pali North America.
The Plan incorporates a cash payment for general unsecured creditors and a
potential additional settlement for all vendors and utility providers electing
to participate, a warrant offering for the 13-3/8 % senior subordinated notes
due 2009, and the conversion of the Secured Notes into substantially all of
the equity of the reorganized company and $10 million of new secured notes.

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Crown
Crafts, Inc.

About PALI, S. The company designs,
manufactures and distributes ready-to-assemble furniture and related products,
including a growing line of desks, computer work centers, home entertainment
centers, bookcases, shelving, stands for televisions and audio equipment,
bedroom furniture pieces , garage storage units and commercial furniture. On Friday,
October 14, 2005, O'Sullivan Industries Holdings, Inc.

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Under the agreement with PALI, S. The Company's products include
licensed and branded collections as well as exclusive private label
programs for certain of its customers .

Their company spirit owes much to Ermenegildo Pali, the founder who started
manufacturing chairs in his kitchen.

Safe Harbor Statement
Certain statements in this press release that are not historical facts may
be "forward-looking statements. There are a number of
important factors involving risks and uncertainties beyond O'Sullivan's
control that could cause actual events to differ materially from those
expressed or implied in such statement.

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The Company will focus its
marketing and sales efforts on the high-end and luxury markets with infant
crib sets priced from $199.
A confirmation hearing on the Plan is scheduled for March 16, 2006. The
majority of O'Sullivan products are sold through large retailers and office
supply stores. O'Sullivan employs approximately 1,200 people, primarily at
production facilities in Lamar, Missouri, and South Boston , Virginia., and certain of its
direct and indirect subsidiaries filed voluntary petitions under Chapter 11 of
the U.

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p. The new
collections are designed to compliment PALI's fine infant furniture
offerings .

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a. "This arrangement, which brings together two
industry leaders, will offer consumers the best in both infant furniture
and textiles.p. Such factors include O'Sullivan's
ability to maintain adequate liquidity and to operate pursuant to the terms of
its DIP credit agreement; O'Sullivan 's ability to obtain court approvals with
respect to motions in the Chapter 11 proceedings; O'Sullivan 's ability to
prosecute, confirm and consummate a plan of reorganization; O'Sullivan's
ability to obtain and maintain normal terms with vendors and service
providers; O'Sullivan's ability to fund and execute its business plan;
O'Sullivan's success with its liquidity improvement initiatives and the
ability to obtain any necessary waivers from lenders; as well as sales levels,
product mix , customer acceptance of existing and new products, material price
increases, bankruptcy or loss of significant customers, interest rate
fluctuations and other factors, all of which are difficult to predict and most
of which are beyond O'Sullivan's control.

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Crown Crafts Infant Products, Inc ."

About O'Sullivan Industries
O'Sullivan has been in business since 1954. Please review
O'Sullivan's annual report on Form 10-K and most recent quarterly reports on
Form 10-Q filed with the Securities and Exchange Commission.

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Crown Crafts Infant Products is a subsidiary of Crown Crafts, Inc. During this time the company underwent
epochal changes. From traditional handcrafted methods, they transitioned to
the utilization of advanced technologies.

Later this week , copies of the Disclosure Statement and
Plan along with full details of the procedures for voting on the Plan are
expected to be mailed to all parties entitled to vote on the Plan.
"We are very pleased to have reached this consensual agreement on our Plan
of Reorganization and the Court 's approval of our amended Disclosure
Statement," stated Rick Walters, interim CEO.

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Its subsidiaries include Hamco, Inc. Their innovative
capability, and positive and dynamic vision are family characteristics that
derive from the will and commitment to learn and improve using care and
courage.

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a, the Company will design and produce
infant home furnishings and accessories under the "PALI" brand. in California and Churchill
Weavers, Inc. in Kentucky. Plan Confirmation Hearing Scheduled for March 16, 2006

ROSWELL, Ga." Actual events may differ materially from
those projected in any forward-looking statement.

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The company also received approval for its amended Disclosure Statement
from the United States Bankruptcy Court for the Northern District of Georgia
on February 10, 2006 .

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PRESS RELEASE Crown Crafts Infant Products Inc. Signs Licensing Agreement With PALI S.p.a.

p.a

Pali's history, to which four generations of the Pali family have
contributed, spans nearly a century. Everything has changed in production methods,
demand, models and taste.

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Crown Crafts is America's largest producer of
infant bedding, bibs and bath items. The
company has its headquarters in the Atlanta suburb of Roswell.

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The product lines for
this brand include infant bedding, blankets , and room dcor. Just a few a day, he made them well
using the utmost care. O'Sullivan disclaims any
intention or obligation to update publicly or revise such statements, whether
as a result of new information, future events or otherwise.

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Sleeping in a PALI crib with PALI Fine Linens makes for a
beautiful and safe environment for you and your baby to enjoy."

http://www. But one thing still remains: love for a finely
crafted product made with great care.

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"A PALI nursery is a very special place for your
newborn .crowncrafts."

About Crown Crafts Infant Products, Inc. Bankruptcy Code.

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in
Louisiana, Crown Crafts Infant Products, Inc.

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The combination of fine textiles and furniture enable new
parents to create a nursery with confidence. Actual results could differ
materially from those projected by management.

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com/

"We are honored to be working with a company with the history and
reputation of PALI," commented Nanci Freeman, President and Chief Executive
Officer of the Company. designs , markets and distributes infant and juvenile consumer
products, including bedding, blankets, bibs , bath and accessories and
luxury hand-woven home dcor.

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O'Sullivan Reaches Agreement on Consensual Plan Bankruptcy Court Approves Disclosure Statement

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(the "Company") (OTC BB: CRWS) today announced it has formalized a
licensing agreement with PALI, S. Sales and
marketing for the new line will be managed by PALI. From the first workshop in the
shed of the family home, to buildings in the garden , then shops built on
adjacent parcels of land; until 1962, when valuable experience gained from
the production of chairs enabled the company to make a smooth transition to
production of cribs and complementary bedroom furniture.