EXHIBIT 99.1

FOR IMMEDIATE RELEASE

FOR FURTHER INFORMATION, CONTACT:
GEORGE E. LONEY
CHIEF FINANCIAL OFFICER
(803) 345-3751


              SHAREHOLDERS OF ELLETT BROTHERS, INC. APPROVE MERGER

CHAPIN, South Carolina-- Ellett Brothers, Inc. (NASDAQ: ELET) announced today
that the shareholders of the Company, at a special meeting of the shareholders
held on October 26, 2001, approved a merger between the Company and corporations
owned by Robert D. Gorham and E. Wayne Gibson (the "Acquirers"). Over 80% of the
outstanding shares of the Company voted in favor of the merger. Under the merger
agreement, all shares of the Company not owned by the Acquirers will be
converted into the right to receive $3.20 in cash per share. The merger is
expected to close as soon as possible.

Some information in this release regarding future results is forward looking.
Actual results for these future periods could differ, depending on factors such
as industry and market changes, overall economic impacts, and effects of
interest rate changes. For a more detailed discussion of factors that affect the
Company's operating results, interested parties should review the Company's SEC
reports, including the Company's annual report on Form 10-K for the year ended
December 31, 2000, and quarterly reports on Form 10-Q for the quarters ended in
2001.

Ellett Brothers is a nationwide marketer and supplier of natural outdoor
sporting goods products. Now in its 68th year of business, the Company markets
and distributes a broad line of products and accessories for hunting and
shooting sports, marine, camping, archery and other related outdoor activities.




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