Spectrum Elca Form Honduras Joint Venture

Spectrum Dyed Yarns Inc., New York City, has joined with Elasticos CentroAmericanos S.A. de C.V.
(Elca), Honduras, to form Spectrum Central America S.A. de C.V. The new yarn-dyeing facility is one
of the first investments by a U.S.-based textile company in the Caribbean Basin. It will provide
dyed cotton, polyester/cotton, filament polyester, spun polyester and nylon yarns to companies
located in Latin America, Central America and the Caribbean.With the combined technical expertise
and market knowledge of Spectrum and Elca, yarn dyed product will now become a sourcing reality
from vendors located in the area, said Doug Blanchard, president, Spectrum; and Juan M. Canahuati,
president, Elca; in a joint announcement. The market has been anxious for this to happen.The new
facility is scheduled to begin operations in the third quarter 2002.

September 2002