NAI, SSI Form Neuenhauser Inc.

Neuenhauser Automation Inc. (NAI), Charlotte, and Greer, S.C.-based Sourcing Services International
(SSI) have merged to form Neuenhauser Inc. (NI). NAI and SSI now are divisions of NI: NI-Charlotte,
NAI Division; and NI-Greer, SSI Division.

NAI Division will continue to provide material handling automation systems. SSI Division will
continue to represent its European partners, which manufacture accessory weaving equipment, as well
as Neuenhauser and Sohler-Neuenhauser equipment.

March 2003