Exhibit 99.1

                               [FALCON logo]
PRESS RELEASE

FOR FURTHER INFORMATION
AT THE COMPANY:
Franklin A. Jacobs
9387 Dielman Industrial Drive
St. Louis, MO 63132
(314) 991-9200

FOR IMMEDIATE RELEASE: Tuesday, January 18, 2005

              FALCON PRODUCTS PROVIDES UPDATE ON RESTRUCTURING
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                    DISCUSSIONS AND BOND INTEREST PAYMENT
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         ST. LOUIS, MISSOURI, January 18, 2005 - Falcon Products, Inc. (Pink
Sheets: FCPR.PK), a leading manufacturer of commercial furniture, announced
that it is continuing its efforts to negotiate a consensual financial
restructuring of its balance sheet. The Company has received proposals from
representatives of two creditor constituencies. Both proposals involve the
infusion of additional equity capital and the conversion of debt to equity.
These transactions, if consummated, would result in a reduction of
approximately $145-165 million of debt which would enable the Company to
return its focus towards growing its business and taking advantage of
opportunities within the markets it serves. Both proposals also focus on
safeguarding the interests of the Company's customers, vendors and
employees. Although the Company is actively seeking to reach agreement
regarding a consensual financial restructuring plan there can be no
assurances that this will occur.

         The Company also announced that it did not make its interest
payment under the Notes within the 30-day grace period that commenced on
December 15, 2004. As a result, an event of default has occurred under the
Note indenture. In addition, as previously announced, the Company continues
to be in default under its senior credit facilities. The Company is
currently finalizing negotiations with its senior lenders to provide the
Company with additional interim liquidity while the restructuring
negotiations continue. There can, however, be no assurances that these
efforts will be successful.


                               [FALCON logo]
Falcon Products
Add  - 2 -

         The Company believes it is likely that any financial restructuring
it undertakes will be implemented through court assisted reorganization.
Based on the restructuring proposals received by the Company, amounts due
vendors would not be impacted by any such reorganization, assuming a
consensual agreement is reached. The Company will continue to invest
substantial time and resources in its efforts to reach a consensual
agreement on a financial restructuring plan while at the same time
evaluating alternatives that may be appropriate. There can, however, be no
assurances that any transaction contemplated by the proposals will be
consummated.

         Falcon Products, Inc. is the leader in the commercial furniture
markets it serves, with well-known brands, the largest manufacturing base
and the largest sales force. Falcon and its subsidiaries design, manufacture
and market products for the hospitality and lodging, food service, office,
healthcare and education segments of the commercial furniture market.
Falcon, headquartered in St. Louis, Missouri, currently operates 8
manufacturing facilities throughout the world and has approximately 2,100
employees.

         Certain statements in this press release that are not historical
facts may be "forward-looking statements." Actual events may differ
materially from those projected in any forward-looking statement. There are
a number of important factors involving risks and uncertainties beyond the
control of the Company that could cause actual events to differ materially
from those expressed or implied by such statements. Such factors include the
Company's ability to work out a consensual arrangement with its creditor
constituencies, the ability to consummate an arrangement with lenders to
provide interim liquidity, the continued forbearance by the Company's
lenders from exercising remedies under the Company's credit arrangement, the
Company's ability to grow its business and take advantage of opportunities
within the markets it serves and the Company's success with its liquidity
improvement initiatives. The Company disclaims any intention or obligation
to update publicly or revise such statements, whether as a result of new
information, future events or otherwise.