EXHIBIT 99.1

PRESS RELEASE

ESCALADE ANNOUNCES PRELIMINARY EARNINGS RESULTS FOR 2004

Wabash, IN (January 28, 2005) Escalade, Incorporated (NASDAQ: ESCA) announced
today that results for fiscal 2004 are significantly below last year's results
due to unexpected excess inventory adjustments; adjustments to the restructuring
costs recorded in the third quarter; and legal and other costs associated with
the Company's European operations. Preliminary results indicate that net income
for the year will be approximately $7.8 million or $0.60 per share. The Company
expects to announce its detailed fiscal 2004 financial results on February 11,
2005.

Escalade is a quality manufacturer and marketer of sporting goods and
office/graphic arts products sold worldwide. To obtain more information on the
Company and its products, visit our website at: www.EscaladeInc.com or contact
Terry Frandsen Vice President and CFO at 260/569-7208 or C.W. (Bill) Reed,
President and CEO at 260/569-7233.


FORWARD LOOKING STATEMENTS

This report contains forward-looking statements relating to present or future
trends or factors that are subject to risks and uncertainties. These risks,
include, but are not limited to, the impact of competitive products and pricing,
product demand and market acceptance, Escalade's ability to successfully
integrate the operations of acquired assets and businesses, new product
development, the continuation and development of key customer and supplier
relationships, Escalade's ability to control costs, general economic conditions,
fluctuations in operating results, changes in the securities markets and other
risks detailed from time to time in Escalade's filings with the Securities and
Exchange Commission. Escalade's future financial performance could differ
materially from the expectations of management contained herein. Escalade
undertakes no obligation to update these forward-looking statements after the
date of this report.

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