Michael Anthony Jewelers, Inc. Announces $65 Million New Credit Facilities MT. VERNON, N.Y., April 2 /PRNewswire-FirstCall/ -- Michael Anthony Jewelers, Inc., a leading marketer and manufacturer of gold jewelry, today announced that it has entered into new credit facilities amounting to $65 million through March 31, 2005. A gold consignment and working capital facility has been signed with a group of lenders, including ABN AMRO Bank, CommerzBank, JPMorgan Chase and Sovereign Bank. Michael Paolercio, Chief Executive Officer said, "We have had a long term relationship with this group of lenders and are pleased with their vote of confidence in Michael Anthony's ability to execute on its business plan. These new credit facilities will allow Michael Anthony to operate its manufacturing and distribution centers at optimum levels and support its customers' needs." Mr. Paolercio continued, "This support of our banks is confirmation that they recognize that Michael Anthony is oneof the leading gold jewelry manufacturers in the United States, and that they are pleased to continue our relationship by providing the financial resources that are necessary in order for Michael Anthony to achieve its marketing strategies." Michael Anthony Jewelers is a leading designer, marketer and manufacturer of branded affordable fine jewelry and watches, whose customers include jewelry chain stores, discount stores, department stores, television shopping networks and wholesalers. DATASOURCE: Michael Anthony Jewelers, Inc. CONTACT: Michael W. Paolercio, Chief Executive Officer of Michael Anthony Jewelers, Inc., +1-914-699-0000, ext. 290 Web site: http://www.michaelanthony.com/

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