Exhibit 99.1
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| For immediate release
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June 29, 2007 |
Crown Crafts Forms Capital Committee
Gonzales,
Louisiana Crown Crafts, Inc. (NASDAQ-CM: CRWS) (the Company) announced today
that its Board of Directors has formed a Capital Committee consisting of William T. Deyo, Chairman,
E. Randall Chestnut, Steven E. Fox and Zenon S. Nie. The Committee is authorized to cause the
Company to spend up to $6 million in the aggregate to repurchase from its stockholders shares of
the outstanding Series A common stock of the Company between July 1, 2007 and July 1, 2008 and to
determine the terms and conditions under which any such repurchases would be made.
Crown Crafts, Inc. designs, markets and distributes infant and juvenile consumer products,
including bedding, blankets, bibs, bath items and accessories. Its subsidiaries include Hamco,
Inc. in Louisiana and Crown Crafts Infant Products, Inc. in California. Crown Crafts is Americas
largest producer of infant bedding, bibs and bath items. The Companys products include licensed
and branded collections as well as exclusive private label programs for certain of its customers.
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| Contact: |
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Olivia Elliott
Secretary Treasurer
(225) 647-9124 |