Champion Industries Amends Credit Agreement

At February 28, 2010, the company had approximately $61.8 million of interest bearing debt. Our interest bearing debt has been reduced by approximately $22.6 million since October 31, 2007 through utilization of our earnings, cash flow and working capital management. The company is subject to various restrictive financial covenants requiring the Company to maintain certain financial ratios. The Company, pursuant to the terms of the Amendment has received waivers for violations outstanding prior to the effective date of the Amendment.