HKF Hancock Fabrics

Hancock Fabrics, Inc. (NYSE: HKF), today reported that it has filed its Annual Report on Form 10-K for the fiscal year ended January 28, 2006 with the U. S. Securities and Exchange Commission. The Company will now begin working to file its quarterly reports on Form 10-Q for each of its 2006 quarters as soon as practicable. As part of its continued listing assessment, the New York Stock Exchange will continue to monitor progress on the Company�s delayed Form 10-Q filings. Copies of the Annual Report on Form 10-K for the fiscal year ended January 28, 2006 can be accessed on the Company�s website at www.hancockfabrics.com. Stockholders may receive a hard copy of the report free of charge upon request. Hancock Fabrics, Inc. � America's Fabric Store � is committed to serving creative enthusiasts with a complete selection of fashion and home decorating textiles, sewing accessories, needlecraft supplies and sewing machines. The Company operates 403 retail stores in 40 states and an Internet store at www.hancockfabrics.com.