AGREEMENT OF JOINT FILING

                                              EXHIBIT 99




                            AGREEMENT OF JOINT FILING


         The undersigned hereby agree, pursuant to Rule 13d-1(f)(1)(iii), that a
joint Schedule 13D be filed on behalf of each of the undersigned,  in respect of
transactions in the Common Stock of ▇▇▇▇▇▇▇▇  Convertibles,  Inc. involving each
of the undersigned.



         Date:    June 28, 2006


                                            /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
                                            ---------------------
                                            ▇▇▇▇▇ ▇. ▇▇▇▇▇▇, Attorney in Fact
                                               for ▇▇▇▇ ▇. Klaussner


                                            KLAUSSNER CORPORATION


                                         By:  /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
                                              ----------------------
                                             ▇▇▇▇▇ ▇. ▇▇▇▇▇▇, Vice President



                                            KLAUSSNER FURNITURE INDUSTRIES, INC.


                                         By:  /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
                                              -----------------------
                                             ▇▇▇▇▇ ▇. ▇▇▇▇▇▇,
                                             Senior Vice President
                                             and Chief Financial Officer