J.B. Poindexter & Co., Inc. Announces 2005 Unaudited Earnings and the Fourth Quarter Bondholders Conference Call

HOUSTON--March 22, 2006--J.B. Poindexter & Co., Inc., which owns and operates primarily transportation related manufacturing businesses including Morgan Corporation, Morgan Olson Corporation, Truck Accessories Group, Inc., and the Specialty Manufacturing Division, released unaudited revenues and earnings for the three and twelve months ended December 31, 2005. The summarized unaudited results from continuing operations were as follows (in thousands):

                           For the Three Months  For the Twelve Months
                            Ended December 31,    Ended December 31,
                           --------------------- ---------------------
                                (Unaudited)           (Unaudited)
                             2005       2004       2005       2004
                           ---------- ---------- ---------- ----------

Net Sales                   $153,447   $165,228   $668,118   $584,921
Operating Income                 940      9,553     24,529     28,892

EBITDA Calculation:
Operating income                $940     $9,553    $24,529    $28,892
Add: Depreciation and
      amortization             2,596      2,585     10,360      9,527
     Loss on
      extinguishment of
      debt                         -          -          -      2,394
                           ---------- ---------- ---------- ----------
EBITDA                        $3,536    $12,138    $34,889    $40,813
                           ---------- ---------- ---------- ----------

We will conduct a conference call at 8:00 a.m. E.S.T., Monday March 27, 2006 to discuss our operating performance for the quarter and year to date periods ended December 31, 2005. The conference call will be open to the public and questions entertained at the conclusion of the Company's remarks.

The conference call can be accessed by dialing 1-800-762-6067 or for access from international locations by dialing 480-629-9566. A replay of the call will be available for two weeks after the call and may be accessed by dialing 1-800-475-6701 or internationally 320-365-3844, access code 822646.

Forward-looking statements in this press release, including without limitation, statements relating to the Company's plans, strategies, objectives, expectations, intentions and adequacy of resources, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties including without limitation the Company's plans, strategies, objectives, expectations and intentions that are subject to change at any time at the discretion of the Company.

This news release and the previously released financial statements of the Company can be viewed on the Company's World Wide Web site at http://www.jbpoindexter.com.

J.B. Poindexter & Co., Inc. is a leading manufacturer of class 5-7 truck bodies and step vans through its Morgan and Morgan Olson businesses and is a leading manufacturer of pick-up truck accessories, principally caps and tonneaus through its Truck Accessories Group subsidiary. Through its Specialty Manufacturing Division, the Company manufactures funeral coaches, limousines, buses, plastics based packaging materials and provides precision machining services.