Fiber Innovation Technology To Auction Equipment

Johnson City, Tenn.-based specialty fiber producer Fiber Innovation Technology Inc. will auction
its unneeded manufacturing equipment — including four polypropylene filament yarn extrusion lines
with support equipment, draw winders, texturing machines, cleaning furnaces and silos, among other
equipment. The company has retained Spartanburg-based Yellow Tag Auctions — a licensed auction firm
that works with businesses, financial institutions and government entities — to conduct an online
auction of the equipment from April 2 to April 18.

March 27, 2012