Veterans Memorial Hwy, Suite C Ronkonkoma, NY 11779 (631) 981-9700 - www.lakeland.com Lakeland Industries Announces Filing for Extension of Time to Report Fiscal 2019 Third Quarter Financial Results Provides Select Preli

3555 Veterans Memorial Hwy, Suite C

Ronkonkoma, NY 11779

(631) 981-9700 - www.lakeland.com

Announces Filing for Extension of Time to Report Fiscal 2019 Third

Quarter Financial Results

Provides Select Preliminary Fiscal 2019 Third Quarter Financial

Results; Announces Upcoming Investor Events

December 6, 2018 -- Lakeland Industries, Inc. (NASDAQ:

LAKE), a leading global manufacturer of protective clothing for

industry, healthcare and to first responders on the federal, state

and local levels, announced today that it has filed with the

Securities and Exchange Commission (the SEC ) a Form

12b-25 Notification of Late Filing relating to its fiscal 2019

third quarter financial results for the period ended October 31,

2018. Pursuant to SEC regulations, the Company will have an

additional 5 calendar days to file its Form 10-Q for the fiscal

third quarter, which falls on a Saturday and results in a reporting

date of the next business day of Monday, December 17.

12b-25 notification, the Company requires additional time to ensure

accuracy of its financial reporting amid delays primarily caused by

its enterprise resource planning ( ERP ) system

implementation for financial reporting purposes which commenced on

August 1, 2018, the first day of the fiscal 2019 third quarter. The

significant effort and expense required as well as the operational

issues that often arise in such a massive undertaking for ERP

implementations has temporarily slowed down the financial reporting

Fiscal 2019 Third Quarter Select Preliminary Financial

completion of the closing of the Company's financial results

for the quarter ended October 31, 2018, including review by

internal financial officers, the Audit Committee of the Board of

Directors and external auditors, Lakeland expects to

between $23 million and $25 million, compared to $24 million for

the prior year period;

between $7.5 million and $8.5 million, compared to $9.1 million

$0.3 million and $0.7 million, compared to $1.8 million for the

fiscal 2018 third quarter; and

equivalents of approximately $11.7 million as of October 31, 2018,

as compared to $15.8 million at the beginning of the fiscal year.

Cash used since the beginning of the fiscal year include planned

investments in manufacturing operations in Vietnam and the

Company's upgraded information technology system

previously reported that its fiscal 2019 second quarter results

were negatively impacted by expenses and delayed and/or lost

revenues associated with inventory management for the North

American operations during the inventory transition phase of the

ERP implementation. Continued elevated expenses and challenges to

revenues associated with the ERP implementation and spanning most

processes throughout the North American operations and financial

reporting are negatively impacting the financial results for the

fiscal 2019 third quarter and to a lesser degree the fiscal 2019

fourth quarter results as management continues to resolve any

Upcoming Investor Events

Capital 6th Annual New

Industrials Corporate Access Day, December 11, 2018

participating in Roth Capital's 6th Annual New Industrials

Corporate Access Day on December 11, 2018 in New York City.

One-on-one meetings with institutional investment firms will be

scheduled throughout the event.

presentation used at the conference will be posted in the investor

relations section of the Company's website on the day of the

2019 Third Quarter Financial Results and Conference Call, December

release its financial results for the fiscal 2019 third quarter

ended October 31, 2018 on Monday, December 17, 2018, after the

closing of the stock market and will conduct a conference call

thereafter on the same day at 4:30 p.m. eastern.

hosted by Christopher J. Ryan, Lakeland's President and CEO,

and Teri W. Hunt, Lakeland's Chief Financial Officer.

Investors can listen to the call by dialing

877-407-8033 (Domestic)

or 201-689-8033 (International). For a replay of this call through

December 24, 2018, dial 877-481-4010 or 919-882-2331, Pass Code

Lakeland Industries, Inc.:

Industries, Inc. (NASDAQ: LAKE) manufactures and sells a

comprehensive line of safety garments and accessories for the

industrial protective clothing market. The Company's products

are sold by a direct sales force and through independent sales

representatives to a network of over 1,000 safety and mill supply

distributors. These distributors in turn supply end user industrial

customers such as chemical/petrochemical, automobile, steel, glass,

construction, smelting, janitorial, pharmaceutical and high

technology electronics manufacturers, as well as hospitals and

laboratories. In addition, Lakeland supplies federal, state, and

local government agencies, fire and police departments, airport

crash rescue units, the Department of Defense, the Centers for

Disease Control and Prevention, and many other federal and state

information concerning Lakeland, please visit the Company online at

Harbor Statement under the Private Securities Litigation

Reform Act of 1995: Forward-looking statements involve risks,

uncertainties and assumptions as described from time to time in

Press Releases and Forms 8-K, registration statements, quarterly

and annual reports and other reports and filings filed with the

Securities and Exchange Commission or made by management. All

statements, other than statements of historical facts, which

address Lakeland's expectations of sources or uses for

capital or which express the Company's expectation for the

future with respect to financial performance or operating

strategies can be identified as forward-looking statements. As a

result, there can be no assurance that Lakeland's future

results will not be materially different from those described