Southern Weaving Recapitalized By Blue Point

Southern Weaving Co., Greenville, S.C., has been recapitalized for growth and acquisitions by Blue
Point Capital Partners, Charlotte, N.C.”We are excited about the opportunities that this business
partnership creates,” said Rod L. Grandy, CEO, Southern Weaving. “By recapitalizing, we are now
able to facilitate continued strategic growth through acquisitions. With Blue Point Capital
Partners, we have found a partner that uniquely understands our manufacturing environment and adds
considerable strategic insight to our plan to broaden the business via acquisitions.”

October 2000