Lakeland Industries, Inc. (NASDAQ: LAKE), today announced that it has closed on a $25 Million Secured Revolving Line of Credit for a term of five years with Wachovia Bank, N.A. The new
Revolving Line of Credit provides Lakeland reduced annual fees, a lower
interest rate, and greater flexibility than the previous Line of Credit. In
addition, subject to certain constraints, the new Revolving Line of Credit
allows for advances for "permitted acquisitions" of up to $8 million or $15
million in the aggregate without bank approval if Lakeland remains in
compliance with all provisions. In connection with the new Line of Credit,
Lakeland will move its primary banking arrangements to Wachovia.

"This new Line of Credit gives us greater resources and greater flexibility
which aligns closely with our growth strategies," said Christopher J. Ryan,
CEO of Lakeland. "Wachovia's extensive experience as a lender and their
banking systems will be great assets for our business," Mr. Ryan added.

"At Wachovia, we are committed to working closely with our clients to
understand their business so that we can develop customized financial
solutions," said Joe Pollicino, Wachovia's Commercial Banking Director for
New York City and Long Island. "We are excited to partner with Lakeland
Industries, and to help this company achieve their strategic growth
objectives today and for years to come."

About Wachovia Corporation:

Wachovia Corporation (NYSE: WB) is one of the largest providers of
financial services to retail, brokerage and corporate customers, with
retail operations from Connecticut to Florida and west to Texas, and retail
brokerage operations nationwide. Wachovia had assets of $506.8 billion,
market capitalization of $80.3 billion and stockholders' equity of $46.5
billion at March 31, 2005. Its four core businesses, the General Bank,
Capital Management, Wealth Management, and the Corporate and Investment
Bank, serve 13 million household and business relationships primarily
through 3,277 offices in 15 states and Washington, D.C. Its full-service
retail brokerage firm, Wachovia Securities, LLC, also serves clients
through 693 offices in 49 states and five Latin American countries. Our
Corporate and Investment Bank serves clients primarily in 10 key industry
sectors nationwide. Global services are offered through 33 international
offices. Online banking and brokerage products and services also are
available through

About Lakeland Industries, Inc.:

We manufacture and sell a comprehensive line of safety garments and
accessories for the industrial protective clothing market. Our products are
sold by our in-house sales force and independent sales representatives to a
network of over 800 safety and mill supply distributors. These distributors
in turn supply end user industrial customers such as
chemical/petrochemical, automobile, steel, glass, construction, smelting,
janitorial, pharmaceutical and high technology electronics manufacturers,
as well as hospitals and laboratories. In addition, we supply federal,
state and local governmental agencies and departments such as fire and
police departments, airport crash rescue units, the Department of Defense,
Central Intelligence Agency, Federal Bureau of Investigation, U.S. Secret
Service and the Centers for Disease Control. In fiscal 2005, we had net
sales of $95.3 million and earnings per share of $1.12 (as adjusted for the
10% stock split effective April, 2005). For the first quarter of fiscal
2006, we had sales of $25.7 million, net income of $1.7 million and $.34
per share. Some key metrics for the first quarter of fiscal 2006 include
annualized ROI of 12.13%, ROA of 11.03%, and ROE of 12.39% and EBITDA as a
percent of sales of 10.74%.

For more information concerning Lakeland, please visit us at:

"Safe Harbor" Statement under the Private Securities Litigation Reform Act
of 1995: Forward-looking statements involve risks, uncertainties and
assumptions as described from time to time in Press Releases and 8-K(s),
registration statements, annual reports and other periodic reports and
filings filed with the Securities and Exchange Commission or made by
management. All statements, other than statements of historical facts,
which address Lakeland's expectations of sources or uses for capital or
which express the Company's expectation for the future with respect to
financial performance or operating strategies can be identified as
forward-looking statements. As a result, there can be no assurance that
Lakeland's future results will not be materially different from those
described herein as "believed," "projected," "planned," "intended,"
"anticipated," "estimated" or "expected," which words reflect the current
view of the Company with respect to future events. We caution readers that
these forward-looking statements speak only as of the date hereof. The
Company hereby expressly disclaims any obligation or undertaking to release
publicly any updates or revisions to any such statements to reflect any
change in the Company's expectations or any change in events conditions or
circumstances on which such statement is based.

Contact:
Lakeland Industries
Chris Ryan
(631) 981-9700
Email Contact
Gary Pokrassa
(631) 981-9700
Email Contact.
Wachovia
Christine Shaw
(212) 909-0948
Email Contact
SOURCE: ; ;Lakeland Industries, Inc.

Source: Marketwire