Heritage Completes Purchase Of Sportswear Division

Heritage Sportswear LLC, Marion, S.C., has closed on the transaction to purchase the business and
assets of Signal Apparel Co. Inc.s Heritage Sportswear Division.Heritage Sportswear LLC is a new
company formed by Leslie (Les) and Fredric (Rick) Levy, two members of the senior management of the
Heritage Sportswear Division.Heritage was founded in 1951 by Herbert S. Levy and began operations
as Herbert Mills. Signal purchased the company in 1968 and changed the name to Heritage Sportswear.
The Levys remained with the company.Heritage manufactures and markets Joan Vass USA apparel, a
high-end ladies designer line, as well as its original product line of mens and boys sweaters,
fleece products and better knits for other apparel manufacturers and marketers.

February 1999