Powell Company Announces New West Coast distribution center in Ontario, CA

Culver City, California - (August 8, 2006) - L. Powell Company, a leading developer and importer of furniture products, announced the establishment of a 340,000 sq.-ft. West Coast distribution center in Ontario CA. The facility will serve all of the Western United States and is strategically located near several major interstates. This new facility will complement the company’s Greensboro NC distribution center and will provide the company with nearly one million square feet of warehouse space. The company’s existing 600,000 foot Greensboro NC facility will continue to handle all East Coast shipments.

“The company has experienced continued sales increases over the last four years and in 2005 Powell saw unprecedented growth in sales on both the east and west coast. To accommodate west coast increased demand and reduce shipping times, we have opened our new state-of-the-art Ontario CA facility. This will play a vital role in providing the highest level of service to our customers,” said Bill Benton, President and CEO.

Jim Goergen, COO added, “Our new facility is a critical addition to help us keep up with our sales increases and improve our ability to ship products in a timely manner. This distribution center will allow us provide targeted 3-day shipping to the Western half of the United States. We will eliminate extra handling, plus accommodate West Coast will call orders.”

Founded in 1968, Powell has been a leading importer of design driven, high quality products for nearly 40 years. The Company's success is a result of its service-oriented culture, broad product offerings, multiple sourcing and delivery options, and an industry wide reputation for reliability, integrity and honesty.

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