WEST LAFAYETTE, Ind.- --Chromcraft Revington, Inc. (NYSE MKT: CRC) previously disclosed in its Form 12b-25 filing that it was unable to file its Annual R eport on Form 10-K for the year ended December 31, 2012 with the Securities and Exchange Commission by the prescribed due date of April 1, 2013 and that it expected to file its Form 10-K by April 16, 2013.

The Company has been in active discussions with its current lender to amend the provisions of its existing credit facility and has also received a non- binding proposal letter and term sheet from another poten tial lender regarding the possible refinancing of such credit facility.

The Company requires additional time to finalize these negotiati ons and to complete the preparation of and to file its Form 10-K, which the Company expects will occur on or before May 31 , 2013.

No assurances can be made that the Company’s current lender will agree to an amendment of its ex isting credit facility on the terms requested by the Company or that the Company will otherwise be able to refinance such credit facility on satisfactory terms.

As of December 31, 2012, the Company had total assets of approximately $27.8 million, total liabilities of $12.7 million and total stoc kholders’ equity of approximately $15.1 million. The Company anticipa tes that its sales will approximate $56.6 million for the year ended December 31, 2012 and its net loss for the year ended December 31, 2012 will be ap proximately $6.1 million, as co mpared to a net loss of $4.4 million for the year ended December 31, 2011.

The increased net loss in 2012 was primarily due to the recognition of a $0.9 million impairment of its facility in Delphi, Indiana in order to write the asset down to its estimated fair value, bank termination fees and additional interest expense of $0.3 million, and the reversal in the fourth quarter of 2011 of a $0.6 million accrual for estimated environmental costs related to land that was sold in December 2011.

The financial information included in this news release is unaudited.

Chromcraft Revington® businesses design, manufacture and import residential and commercial furniture marketed primarily in the U.S. The Company wholesales its residential furniture pr oducts under Chromcraft®, Cochrane®, Peters-Revington®, and CR Kids & Beyond® primary brands. It sells commercial furniture under the Chromcraft® and Executive Office Concepts bra nds. The Company sources furniture from overseas suppliers, with domestic contract specialty facilities, a nd operates a U.S. manuf acturing facility for its commercial furniture and motion based ca sual dining furniture in Mississi ppi and a manufact uring facility for office suites and other commercial furniture lines in California.