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People, Places, Products . ITG's presence in a diverse range of marketplaces, combined with ongoing technology investment and product development, generate a constantly evolving story of innovation and global delivery of value-added textile solutions.

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GREENSBORO, NC, June 11, 2013 -- Burlington

Industries LLC, a division of International Textile Group (ITG),, announced today it has been awarded two contracts totaling a maximum of $160M by the Defense Logistics Agency to supply wool blend fabrics for use in the newly updated Army dress uniforms.  These fabrics will be produced at the company’s facilities in Raeford and Cordova, North Carolina.

Burlington has been an integral part of the defense supply chain for more than 50 years. “The award of these contracts demonstrates the strategic value that Burlington provides to the U.S. Military as the dominant supplier of worsted wool dress uniform fabrics for all branches of the military,” said Jeff Peck, President of Burlington. 

These awards follow four contracts previously awarded to Burlington this past April for the U.S. Marine Corps and the U.S. Navy, which totaled a maximum of $71 million over a five-year period.

Several years ago, to expand its military business, ITG combined the resources from four of its business units, Burlington, Safety Components, Narricot, and Carlisle, to create an extensive military products platform of diversified fabrics developed to service the specific needs of the military market.  Products include fabrics for camouflage combat and utility uniforms, Class A dress uniforms, physical training and extreme cold weather wear, flame resistant and fire fighting protective clothing, high performance equipmentballistic fabric and webbing for body armor and load carrying equipment, and other specialty items.

“ITG’s military fabrics business is critical to our U.S. structure and to our overall business,” said Peck.  “The diversification of our technical product line has strengthened our value and service to the U.S. Military and opened new opportunities.”

Production facilities are located in Raeford, Burlington, and Cordova, NC; Carlisle and Greenville SC; and Boykins, VA.  Skilled workers in these facilities, many with more than 20 years experience, process the yarn and fabric to ensure the highest quality and technical performance.

About ITG

International Textile Group, Inc. (ITG) is a global, diversified provider of textile solutions across performance & specialty apparel fabrics, advanced uniform fabrics, technical commercial fabrics, and engineered automotive components. ITG’s business units include: Burlington Worldwide, Cone Denim, Safety Components, Narricot, and Carlisle Finishing. The company employs approximately 5,000 people worldwide with operations in the United States, Mexico, and China.

To learn more visit www.itg-global.com

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New Delhi, 23rd July 2008: BURLINGTON Worldwide, the leading full service textile solution organization, globally offering a true vertical product cycle chain infused with exclusive technologies, has made its way in to the Indian Market with the launch of its finest premium suitings and exquisite new product line today. The event saw Mr. Joseph L. Gorga, President & CEO International Textile Group Inc., and Mr. Kenneth T Kunberger, President BURLINGTON Worldwide Limited, Mr. Ranjeet Nabha, MD & CEO, WL Ross India and Mr. Rajeev Surana, CEO, OCM India Ltd. apart from whos who of the fashion world.

BURLINGTON Worldwide launched its product line in a spectacular Fashion Show held at Shangri-la in New Delhi. The evening saw the likes of Raghavendra Rathore, Ashish Soni, Varun Bahl, Vijay Arora showcasing their designs for the BURLINGTON extravaganza. Fashion glitterati sashayed down the runway and among the models who walked the ramp were Sahil Shroff, Kawaljit, Nina Emanuel, Krishna. The show was a houseful!

Apart from the models, special invitees were also seen appreciating BURLINGTONs latest high end range. Connoisseurs would now have a reason to buy their fabrics in India as USAs leading hi-fashion brand with impressive collection is here to stay.

Mr. Joseph L. Gorga President & CEO International Textile Group Inc. said, "India is a key part of ITGs global platform. As one of worlds fastest growing markets, it provides competitive supply chain opportunities and access to new consumer markets. The response to our products is overwhelming, and we are delighted to offer a premium, quality worsted suiting fabric to this region."

Mr. Wilbur L. Ross Jr., Chairman & CEO, WL Ross & Co. LLC said, "Burlington is among the best known brands in the world and this joint venture between two of our portfolio companies demonstrates the synergies we can bring to Indian companies."
Mr. Ranjeet Nabha, Managing Director & CEO of WL Ross India, opined, "OCM has steadily gained market share since we bought it last year and this joint venture will accelerate its growth."

Speaking on the occasion, Mr. Kenneth T. Kunberger, President BURLINGTON Worldwide said, "The BURLINGTON® collection reflects the extraordinary Indian flavour for design and colours combined with advanced fabric performance. The launch is off to a great start, and we look forward to setting new benchmarks."

BURLINGTON suits have been created in a typical range of super 110s to super 140s. BURLINGTON range will be available from Rs. 7,500 to Rs. 20,000 per suit length at select outlets all over India.

Mr. Rajeev Surana, CEO OCM India Ltd, said "We are proud to herald the arrival of the finest premium suitings BURLINGTON Worldwide, USA. The Indian market is at a threshold of a major revolution in woolen worsted suitings. BURLINGTONs contemporary designs and colours with the latest offerings from design expertise from Italy and India created in Super 110s to Super 140s will definitely have an edge in the market. BURLINGTON presents an exclusive range for business suits and designer jacketing in silk wool and wool cashmere for the evening dressing too."

BURLINGTON Worsted Suitings come in 5 designs:-

• ACCOLADE: An all wool collection in Navy, Black, Grey and Charcoal is perfect for the likes of those Wall Street hot shots.

• OPTIM: Woven in twill with choice of solid colours in Black, Navy and Coffee, this range is all about power.

• LIFESTYLE: Suits stitched in this twill weaved striped fabric looks contemporary and offers a choice that’s not outrageously expensive, yet makes a statement.

• ADONIA: The colours, Black, Navy, Brown and Blue are contemporary; the twill and herring bone Super 120s fabric is just the right blend of the chic and the elegant.

• CYNOSURE: Whether you’re a serious businessman, a hotshot lawyer or a movie star, you can’t go unnoticed in a suit created from this Super 100s fabric available in all hues and colours.

Tweeds come in two classy designs:-

• RADIANCE: The sleek lines, the understated sophistication and the sex appeal inherent in these Silk Wool Jacketing designs are our USPs. This style is all American, mostly in checks, makes a perfect evening wear.

• AGOSTINO: All wool jacketing in Super 100s with a sprinkle of Cashmere in Twill, Herring bones and structured weaves in Navy, Camel, Fawn, Blue and Green colours is designed to complement your charismatic personality.

The show was choreographed by the renowned choreographer Rashmi Virmani.

About International Textile Group

International Textile Group Inc., majority owned by WL Ross & Co LLC., is a diversified textile manufacturer with annual revenues exceeding $1.0 Billion. ITG was formed by WL Ross in 2004 and operates in five primary business segments: Automotive Safety, Apparel Fabrics (Cone Denim and BURLINGTON Worldwide), Government Uniform Fabrics, Interior Furnishings and Commission Finishing. The company employs over 12,000 people worldwide with operations in the United States, Mexico, China, Germany, Romania, the Czech Republic, Poland, South Africa, Nicaragua and Vietnam. The company also has a commercial partnership for denim fabrics with RSWM Limited, part of the LNJ Bhilwara Group, based in New Delhi, India.

About BURLINGTON Worldwide

BURLINGTON WorldWide is the leading full service apparel solution organization for apparel manufactures and retailers, globally offering a true vertical product cycle chain infused with exclusive technologies. BURLINGTON WorldWide is a diversified U. S. fabric maker based in Greensboro, North Carolina. The company has operations in United States, Mexico, and India and a global manufacturing and product development network based in Hong Kong.

OCM India Ltd.
OCM, established over 80 years ago is one of the leading worsted textile mills strategically located in Punjab, the centre of prime North Indian market. In 2007, OCM was acquired by WL Ross & Co, LLC. A vertically integrated mill with an annual capacity of 8.4 million meters, it has a product range from fine pure wool suitings to polyester wool and various wool blended combinations with silk, cashmere, mohair, camel hair, etc. OCM is a well established and trusted brand with pan India presence and is particularly known for its exquisite range of tweeds, jacketing and fancies. It is the first worsted textile mill in India to get ISO: 9001 certification.

About WL Ross LLC
WL Ross & Co. LLC, manages assets of approximately US$ 7.9 Billion for institutional investors in the U.S., Europe and Asia. It invests in corporate restructurings and turnarounds with an objective toward creating new, world-class enterprises. The company has sponsored alternative investments including private equity funds, co-investment vehicles and hedge funds in the steel, textile, coal, automotive and financial services industries in the U.S., U.K., Canada, France, Germany, China, Japan, Korea, Vietnam, India, Mexico, Brazil, Nicaragua and Bermuda.

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Greensboro, NC, April 23, 2008 -- International Textile Group’s (“ITG”)(OTCBB: ITXN) Cone Denim has announced the opening of its Nicaragua operation. Located outside Managua, Nicaragua in the Jorge Bolanos Abaunza Textile Park, the Cone Denim Nicaragua (CDN) facility held its Grand Opening Ceremony on April 22.

A fully vertical operation, CDN is equipped with the most modern manufacturing equipment to process raw cotton through finished denim fabric. The facility has a capacity of approximately 28 million yards per year and will employ about 850 people.

“ITG Cone Denim is leading the industry as the first global denim fabric manufacturer to have operations in Central America,” said Wilbur L. Ross, Jr., Chairman of ITG. “We recognized early on the significance of this region to our customers and the competitive value it brings. We are excited to be a part of the growth and new opportunities here. ITG Cone Denim is known throughout the world as the leader in denim innovation and quality and is a leading supplier to the world’s top denim brands. Our Central America platform allows us to further expand our innovative products and total supply solutions to customers worldwide.”

Speaking at the Ceremony was Mr. Daniel Ortega S., President of Nicaragua; General ® Alvardo Baltodano C, Technical Secretary of the National Free Zone Commission for Nicaragua; Mr. Paul Trivelli, US Ambassador to Nicaragua; Joseph L. Gorga, President & CEO for ITG; David L. Wax, Managing Director for WL Ross & Co. and a member of ITG’s Board of Directors; and Charles Matthew Haynes, Sr. Vice President Operations for the Americas region for Cone Denim. Others attending the ceremony included Assistant US Trade Representative for the Americas Everett Eissenstat, ITG Board Director Ambassador Stephen W. Bosworth; ITG Board Director Dr. Daniel D. Tessoni; and ITG Cone Denim President Thomas E. McKenna.

“Our focus over the past year has been on expanding our footprint and putting in place the strategic pieces of an extensive global supply chain,” said Joseph L. Gorga, President & CEO. “CDN provides our customers advanced manufacturing capabilities in a cost-competitive platform. The Nicaragua location combined with our denim manufacturing capabilities in the US, Mexico, and China and partnerships in India and Turkey allows ITG Cone Denim the resources and flexibility to service the diverse global supply needs of our customers.”

International Textile Group, Inc. is a global, diversified textile manufacturer that produces automotive safety, apparel, government uniform, technical and specialty textiles. ITG was formed by WL Ross in 2004 and operates five primary business units: Automotive Safety, Cone Denim, Burlington WorldWide (apparel fabrics), Burlington House (interior fabrics) and Carlisle Finishing. The Company employs approximately 12,000 people worldwide with operations in the United States, Mexico, China, Germany, Romania, the Czech Republic, Poland, South Africa, Nicaragua and Vietnam.

Established in 1891, ITG Cone Denim has been a leading supplier of denim to top denim apparel brands for over 100 years. Known for its innovation, authenticity, quality and service, Cone Denim maintains operations in the United States, Mexico, Turkey, China, and Nicaragua to provide broader service and flexibility to customers worldwide.

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April 8, 2008, Greensboro, NC – International Textile Group, Inc. (ITG)(OTCBB: ITXN) announced today that its Burlington WorldWide (BWW) division has completed the sale to FALKE KGaA (FALKE) of Schmallenberg, Germany, of the trademark rights to the brand name BURLINGTON® for use on apparel, accessories and jewelry for Europe and certain other territories.

Founded in 1895, FALKE is a premier international clothing and lifestyle brand market leader with businesses spanning a range of textile and fashion companies exporting products to more than 30 countries, combining technically superior products with the best of contemporary fashion.

Kenneth T. Kunberger, President of Burlington WorldWide, said, “We are very pleased that FALKE has acquired the rights to the BURLINGTON brand name. We are excited about the prospects for the BURLINGTON brand and are confident that the FALKE team will use its expertise and excellent reputation in the marketplace to fully utilize the brand’s strong heritage and quality attributes.”

The license for the BURLINGTON brand name in Europe was formerly held by Kunert AG, and the license expired on March 31, 2008. Kenneth Kunberger, commenting on that relationship, stated, “We express our appreciation to Kunert for our past relationship.” Kunert still has the right to sell off existing inventory under the BURLINGTON brand name for a period ending on June 30, 2008.

Burlington WorldWide (BWW), a business unit of International Textile Group, is a leading provider and marketer of technology and fashion driven products for the menswear, womenswear, activewear, uniform and barrier markets. With offices and operations in the United States, Mexico, Europe, China, Hong Kong and Vietnam, BWW provides global textile innovations to its customers.

International Textile Group Inc., majority owned by WL Ross & Co, is a global, diversified textile manufacturer with annual revenues in excess of $1.0 billion. ITG was formed by WL Ross in 2004 and operates in five primary business segments: Automotive Safety, Apparel Fabrics (Cone Denim and Burlington WorldWide), Government Uniform Fabrics, Interior Furnishings and Commission Finishing. The company employs over 11,500 people worldwide with operations in the United States, Mexico, China, Germany, Romania, the Czech Republic, Poland, South Africa, Nicaragua and Vietnam.

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January 31, 2008, Greensboro, NC – International Textile Group, Inc. (ITG)(OTCBB: ITXN) announced today that its Burlington WorldWide (BWW) division has entered into a marketing and commercial partnership with Lanificio Alfredo Rodina s.r.l. (Rodina) to launch an exclusive Biella-inspired line of fine worsted wool fabrics. The new Burlington® esenzia Collection by Rodina will be launched on February 4, 2008.

Known for its luxury Italian designs for worsted fabrics, Rodina is a family owned mill located in the Biella region of northern Italy. Biella, Italy is revered throughout the world for its design and production of the finest, worsted fabrics.

Under the terms of the agreement, Rodina will lead the product development and design of the Burlington® esenzia Collection. Rodina will be the exclusive sales agent for the Collection in Europe and Asia. Burlington WorldWide will market and sell the Biella-inspired Collection in North America.

The new Burlington®esenzia Collection will be manufactured using ITG’s Casimires manufacturing platform located in Mexico and the OCM India Limited manufacturing platform located in India. OCM is one of the leading worsted textile mills strategically located in Punjab, the centre of the prime north Indian market.

Kenneth T. Kunberger, President of Burlington WorldWide, said, “As the North American leader of worsted wool products, BWW is continuing to bring customers the highest in innovation, now expanded with luxury, Italian design. We are excited by our expanded global footprint and our ability to forge new relationships and facilitate global partnerships that leverage resources to create unique value.

” Patrick Palmer, Executive Vice President, continued. “The ability to develop and produce Italian-inspired products through a lower-cost Indian manufacturing platform opens significant new market opportunities for fine worsted fabrics,” he said. “The partnership with Rodina enhances BWW’s worsted wool line and creates a level of luxury and value that has not been possible before.”

“We are very pleased to expand our design and product capabilities to include a lower cost platform that utilizes BWW’s global supply chain for our fine worsteds, in addition to our established Italian line,” said Adriano Rodina, President of Lanificio Alfredo Rodina. “The Burlington®esenzia line combines our renowned Bielli craftsmanship with the strength of the Burlington brand to create a line of exciting new fabrics.”

Burlington WorldWide (BWW), a business unit of International Textile Group, is a leading provider and marketer of technology and fashion driven products for the menswear, womenswear, activewear, uniform and barrier markets. With offices and operations in the United States, Mexico, Europe, China, Hong Kong and Vietnam, BWW provides global textile innovations to its customers.

International Textile Group Inc., majority owned by WL Ross & Co, is a global, diversified textile manufacturer with annual revenues in excess of $1.0 billion. ITG was formed by WL Ross in 2004 and operates in five primary business segments: Automotive Safety, Apparel Fabrics (Cone Denim and Burlington WorldWide), Government Uniform Fabrics, Interior Furnishings and Commission Finishing. The company employs over 10,500 people worldwide with operations in the United States, Mexico, China, Germany, Romania, the Czech Republic, Poland, South Africa, Nicaragua and Vietnam.

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January 23, 2008, Greensboro, NC – International Textile Group, Inc. (ITG)(OTCBB: ITXN) announced today that its Cone Denim division has entered into a commercial and marketing partnership with RSWM Limited, which operates as part of the LNJ Bhilwara Group (LNJ) based in New Delhi, India. LNJ Bhilwara is a global group with business interests spanning a range of industries and annual sales of over $700 million. Its textile business includes a wide array of yarns and fabrics, exported to more than 60 countries.

“We are extremely pleased to join forces with a leading company like LNJ Bhilwara to further our denim business,” said Joseph L. Gorga, President & CEO of ITG. “Both LNJ and ITG have a common focus on our customer and employees and share an overall commitment to excellence. We look forward to a successful partnership and future opportunities for expanded relationships.”

Under the terms of the agreement, the two companies will develop and market the LNJ-Cone Denim® brand of denim fabric. Cone Denim will lead the product development and design of these fabrics and will market LNJ-Cone Denim products in key markets throughout the world. LNJ-Cone Denim fabrics will be manufactured exclusively by LNJ at their new, state-of-the-art denim facility in Banswara, India.

“Cone Denim has found in LNJ a partner with the people, facilities, and values consistent with success in our business,” said Tom McKenna, President Cone Denim. ”The combined strength of our denim teams is formidable. We are full speed ahead and expect to bring product to market during the current quarter.”

McKenna continued, “This venture brings Cone Denim to India and rounds out our global network that now includes the U.S., Mexico, Central America, China, and Turkey.”

Riju Jhunjhunwala, Joint Managing Director, RSWM, Ltd., stated, “LNJ Bhilwara Group has a strong reputation globally for innovative and quality textiles. We are delighted with the opportunity to expand our capabilities in denim through partnership with Cone Denim, a world leader in denim.”
Established in 1891, ITG Cone Denim has been a leading supplier of denim to top denim apparel brands for over 100 years. Known for its innovation, authenticity, quality and service, Cone Denim maintains operations in the United States, Mexico, Turkey and China, and has expansion initiatives underway in Nicaragua to provide broader service and flexibility to customers worldwide.

LNJ Bhilwara Group is a multi-product and service conglomerate founded in 1961. LNJ Bhilwara Group operates across a number of industries including textiles, graphite, power and information technology. RSWM Limited, an LNJ Bhilwara Group company, is a professionally managed, progressive and growth oriented textile company with business interests in Yarn, Fabrics, Garments and Denim. It is one of the largest producers and exporters of polyester viscose blended yarn in India.

International Textile Group Inc., majority owned by WL Ross & Co, is a global, diversified textile manufacturer with annual revenues in excess of $1.0 billion. ITG was formed by WL Ross in 2004 and operates in five primary business segments: Automotive Safety, Apparel Fabrics (Cone Denim and Burlington WorldWide), Government Uniform Fabrics, Interior Furnishings and Commission Finishing. The company employs over 11,000 people worldwide with operations in the United States, Mexico, China, Germany, Romania, the Czech Republic, Poland, South Africa, Turkey, Nicaragua and Vietnam.

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Greensboro, NC, December 19, 2007 -- Cone Denim Nicaragua (“CDN”), an affiliate of the International Textile Group, Inc., located in Ciudad Sandino, Nicaragua announced today that it has signed a USD $37 million 7 year amortizing term loan with the Inter-American Investment Corporation (“IIC”) and four co-financing banks doing business in Nicaragua that include Banco de la Producción, S.A., Banco de America Central, S.A, Banco de Crédito Centroamericano, S.A. and Banco HSBC Nicaragua, S.A.

Gary Smith, Executive Vice President and CFO of ITG, commented, “We are excited about our partnership with the IIC and the Nicaraguan banks to finance the CDN project. We believe that the CDN project and the financing support within the region is the model for future investments in the region by other companies seeking to realize upon opportunities in Central America to competitively supply the U.S. market.”

Matt Haynes, Vice President Denim Manufacturing – Latin America, further commented, “We are also very excited about our Cone Denim Nicaragua facility and the value and capabilities it will provide to our customers in the Central American supply chain. Construction and start-up of the CDN facility are underway and we expect to be producing high-quality denim by the first quarter of 2008.”

Located outside of Managua, Nicaragua, the new plant will be a vertical operation using state-of-the-art manufacturing equipment to process raw cotton through finished fabric. When fully operational, the plant will have a production capacity of around 28 million yards annually and will employ approximately 850 people.

Established in 1891, ITG Cone Denim has been a leading supplier of denim to top denim apparel brands for over 100 years. Known for its innovation, authenticity, quality and service, Cone Denim maintains operations in the United States, Mexico, Turkey and India, and has expansion initiatives underway in Central America and China to provide broader service and flexibility to customers worldwide.

International Textile Group Inc., majority owned by WL Ross & Co, is a global, diversified textile manufacturer with annual revenues in excess of $1.0 billion. ITG was formed by WL Ross in 2004 and operates in five primary business segments: Automotive Safety, Apparel Fabrics (Cone Denim and Burlington WorldWide), Government Uniform Fabrics, Interior Furnishings and Commission Finishing. The company employs over 10,500 people worldwide with operations in the United States, Mexico, China, Germany, Romania, the Czech Republic, Poland, South Africa, Turkey, Nicaragua and Vietnam.

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September 12, 2007, Greensboro, NC – International Textile Group, Inc. (ITG)(OTCBB: ITXN) announced today that its Burlington WorldWide (BWW) division has entered into a marketing and commercial partnership with OCM India Limited (OCM). OCM is a leading Indian manufacturing company of worsted wool fabrics located in Amritsar India. Like ITG, OCM is majority-owned by WL Ross & Co. LLC of New York, N.Y.

Under the agreement, BWW will provide technical and manufacturing support to OCM in the development of advanced manufacturing processes and operations and the development of new wool fabrics with opportunities to promote and use fabric technologies developed by BWW. BWW will develop and operate an export program for the sale of OCM products to the U.S., European and Asian markets. OCM will be licensed to produce and sell enhanced wool fabrics under the BURLINGTON® brand name to the domestic Indian market.

Wilbur L. Ross, Jr., Chairman of ITG, said, “This is a tremendous opportunity to expand ITG’s footprint into the growing Indian market and provide an additional supply chain of products for the U.S. and European markets. BWW is the North American leader in worsted wool products and its expertise in wool manufacturing and new fabric development will further OCM’s operations and breadth of product to grow a global wool platform for both companies.”

“OCM is a trusted Indian brand for worsted suitings. This alliance can contribute immensely in lending it an international edge. The technological capabilities and global experience of Burlington WorldWide coupled with OCM’s core strengths will enhance the aspirational value of the brand and its products,” said Rajeev Surana, CEO of OCM India Limited.

Burlington WorldWide and OCM will participate in Texworld 2007 in Paris, September 17 – 20. They will exhibit in Hall #1, Booth M-49.

International Textile Group Inc., majority owned by WL Ross & Co, is a global, diversified textile manufacturer with annual revenues in excess of $1.0 billion. ITG was formed by WL Ross in 2004 and operates in five primary business segments: Automotive Safety, Apparel Fabrics (Cone Denim and Burlington WorldWide), Government Uniform Fabrics, Interior Furnishings and Commission Finishing. The company employs over 10,500 people worldwide with operations in the United States, Mexico, China, Germany, Romania, the Czech Republic, Poland, South Africa, Nicaragua and Vietnam.

OCM, established over 80 years ago and acquired by WL Ross & Co. in February 2007, is one of the leading worsted textile mills strategically located in Punjab, the centre of prime north Indian market. A vertically integrated mill with an annual capacity of 8.4 million meters, it has a product range from fine pure wool suitings to polyester wool and various wool blended combinations with silk, cashmere, mohair, camel hair etc. OCM is well established and trusted brand with pan India presence and is particularly known for its exquisite range of tweeds, jacketing and fancies. It is the first worsted textile mill in India to get ISO: 9001 certification.

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GREENSBORO, NC April 24, 2007– International Textile Group, Inc. (“ITG”) (OTCBB: ITXN), formed by the combination of International Textile Group, Inc. and Safety Components International, Inc. in October 2006, today provided an update on key strategic initiatives and announced the consolidated results of the combined Company in its Annual Report on Form 10-K for the 2006 fiscal year. ITG is aggressively transforming itself from a North American textile manufacturer into a global provider of textiles and related supply chain solutions through a series of capital intensive initiatives. Key elements of its business strategy are the entry into the automotive safety components industry, with the formation of its Automotive Safety business unit, and for its existing businesses, the construction of four new operations in China (2), Vietnam and Nicaragua which are expected to be operational in 2007 and early 2008 at an investment of more than $300 million. ITG expects to achieve additional growth opportunities through the formation of its Automotive Safety business unit and its recent acquisition of BST Safety Textiles (“BST”) for $230 million, including assumed debt. Operating as the Company’s largest division, Automotive Safety, which includes BST and Safety Components International, further diversifies and elevates ITG’s highly engineered, technical products and establishes a major presence in the automotive safety components industry. To meet the growing demand for side curtain airbags, the Company is investing $35 million to add a new one-piece woven (OPW) airbag operation within its Richmond Plant in Cordova, NC. In June 2006, the Company invested $27 million to purchase its joint venture partner’s 50% equity interest in Parras Cone, a state-of-the-art denim facility in Mexico, enhancing ITG’s platform in that region. “This has been both an exciting and challenging time for ITG,” said Joseph L. Gorga, President and CEO. “Through strategic acquisitions in automotive safety products, building of greenfield operations in focused areas and capital expansion projects, we are growing our capabilities and creating a competitive global platform.” Gorga continued, ”By the end of 2007 we expect to have expanded our operational capabilities in North America, Europe, Asia and Africa providing increased focus on the market growth of automotive safety textiles, denim and other apparel fabrics, government uniform and technical and specialty textile markets in both the US and abroad. The combination of our global footprint, advanced R&D initiatives of our newly formed Burlington Labs and market expertise puts ITG in a leading position to drive enhanced total supply chain solutions for our customers.” As reported in the Form 10-K, ITG’s net sales for fiscal year 2006 which ended December 31, 2006 were $720.9 million. Net sales do not include sales of BST Safety Textiles, which was acquired on April 1, 2007 and had 2006 sales of approximately $270 million. As part of the Company’s transition activities and associated cost, ITG incurred a loss of approximately $50 million primarily as a result of discontinued operations, realignment of its US footprint, start-up expenses of its greenfield projects and transaction costs associated with the merger of the two companies in October. Wilbur L. Ross, Chairman of ITG, said, “Our year-end results reflect the transition of the Company, and we consider this loss in 2006 an investment in the future of ITG. We would expect to incur losses into the first half of 2007 as our expansion projects reach completion. Our focus is on the successful start-up and implementation of key strategic initiatives across new and existing operations and the continued transformation from a North American producer to a diversified, global manufacturer.” International Textile Group, Inc. is a global, diversified textile manufacturer that produces automotive safety, apparel, government uniform, technical and specialty textiles. ITG was formed by WL Ross in 2004 and operates five primary business units: Automotive Safety, Cone Denim, Burlington WorldWide (apparel fabrics), Burlington House (interior fabrics) and Carlisle Finishing. The Company employs over 10,500 people worldwide with operations in the United States, Mexico, China, Germany, Romania, the Czech Republic, Poland, South Africa, Nicaragua and Vietnam.

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GREENSBORO, NC March 8, 2007– International Textile Group, Inc. (ITG) (OTCBB: ITXN) today announced that it has reached an agreement to acquire BST Safety Textiles (BST) from an affiliate of WL Ross & Co, LLC (WL Ross) in exchange for the issuance of $84 million in Series A Convertible Preferred Stock of ITG. BST was acquired by WL Ross in December 2006. The BST businesses had 2006 net sales of approximately $280 million and will operate as part of ITG’s Automotive Group which was formed in October 2006 with the combination of ITG and the businesses formerly operated by Safety Components International, Inc. (SCI). Regulatory approval of the BST acquisition has already been obtained, and ITG expects to complete the acquisition in early April 2007. BST, based in Maulburg, Germany, is a leading international manufacturer of flat and one piece woven (“OPW”) fabrics for automotive air bags as well as narrow fabrics for seat belts and military and technical uses. BST operates seven facilities located in the United States, Germany and Poland. BST employs approximately 1,250 people worldwide. Wilbur L. Ross, Jr., Chairman, said, “We are very excited to expand ITG’s Automotive Group with the addition of BST. BST and SCI are both leaders in their markets and their airbag and technical products complement each other. The ability to bring these two together establishes a powerhouse in the automotive safety components industry and opens new opportunities to service leading automakers worldwide.” BST recently announced it would expand its US operations with a major capital investment at ITG’s Richmond Plant located in Cordova, NC. The expanded operation will produce side curtain airbags, known as one-piece woven (“OPW”), for automobiles and is expected to employ 200 people over the next three years. Joseph L. Gorga, President & CEO of ITG, said, “As safety requirements increase, the growing demand for airbag products presents tremendous opportunities for BST and ITG. Utilizing a portion of ITG’s Richmond facility and the available trained workforce provides a strategic platform for growing our business and provides balance and new employment to that community. In addition, the ability of BST to use available space in ITG’s Richmond facility is just one of the many synergies expected from the combination of ITG, SCI and BST.” Gorga continued, “The combined product, technical and market expertise of BST and Safety Components provides accelerated opportunities for growing and expanding our business. We are pleased to have them as a part of the ITG family, which on a combined basis for 2006 would have had net sales in excess of one billion dollars, and look for their success going forward.” Separately, ITG announced that it has raised $50 million in additional equity through the sale of shares of Series A Convertible Preferred Stock to investment funds affiliated with WL Ross. The proceeds from that capital raising transaction are expected to be used for capital expenditures, working capital and for other general corporate purposes. ITG also announced that it has issued an additional $68 million in Series A Convertible Preferred Stock to another investment fund affiliated with WL Ross in exchange for the cancellation and retirement of all outstanding promissory notes owed by ITG to the investment fund. The promissory notes, which were issued at various times during 2006 to provide funds for working capital and capital expenditures by ITG and its subsidiaries, were payable on demand and had an outstanding principal balance, together with accrued interest, of approximately $68 million. The newly created Series A Convertible Preferred Stock of ITG has a liquidation value of $25.00 per share, votes together with the holders of ITG common stock as a single class on all matters submitted to a stockholder vote, will be redeemable by ITG at 110% of the liquidation value commencing on January 1, 2008, and under certain circumstances is convertible into shares of ITG common stock. The board of directors of ITG formed a special committee, consisting of the two members of the board who are not affiliated with WL Ross & Co., and the committee, along with its independent legal and financial advisors, negotiated and approved the terms and conditions of each of the BST acquisition, the issuance of the $50 million in preferred stock and the debt exchange. SunTrust Robinson Humphrey acted as financial advisor to the committee in connection with the issuances of preferred stock in the three transactions. Affiliates of WL Ross, which is controlled by Wilbur L. Ross, Jr., the chairman of the board of ITG, owned approximately 82% of ITG’s outstanding common stock prior to the transactions announced today. After giving effect to the issuances of the preferred stock, they will hold approximately 98% of the Series A Convertible Preferred Stock, which together with the common stock will represent approximately 87% of the outstanding voting power of ITG. International Textile Group was formed by Ross in 2004 and operates five primary business units: Automotive Group, Cone Denim, Burlington WorldWide (apparel fabrics), Burlington House (interior fabrics) and Carlisle Finishing. The company employs over 10,500 people worldwide with operations in the United States, Mexico, China, Germany, Romania, Czech Republic, Poland, South Africa, Nicaragua and Vietnam. Certain statements contained in this press release may constitute “forward looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995. These statements relate to, among other things, ITG’s future plans, revenue, earnings, outlook, expectations and strategies, as well as the facts or assumptions underlying these statements, and may involve a number of risks and uncertainties. ITG’s actual results may differ materially from those expressed or implied in these forward-looking statements due to various risks, uncertainties or other factors. These factors may include downturns in the automotive industry, decreases in the demand for textile products, increases in constituent raw material prices, difficulties in executing business strategies and other risk factors described in ITG’s filings with the SEC from time to time. ITG does not undertake any obligation to update any forward-looking statements.

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GREENSBORO, NC February 6, 2007– Burlington WorldWide announced today that Burlington Labs, Burlington WorldWide’s technology incubator, has developed another activated carbon based product to its Cocona line!.... This time in wool. The Cocona™ product line utilizes embedded activated carbon, derived from coconut shells, into the fiber and yarns. This new sustainable exclusive fabric combines the unique natural benefit of Cocona’s odor, moisture and UV management with the stretch and breathability of wool. “Our performance product line was the first to utilize this process as part of Burlington’s ongoing sustainable initiative” said Pat Palmer, Executive Vice President. “The market’s response has been overwhelming and generated further demand for other fabric applications…. As the industry leader, we had to be responsive.” Palmer added: “This is only the beginning!” Burlington WorldWide (BWW), a business unit of International Textile Group, Inc. (OTC Bulletin Board: ITXN is a leading provider and marketer of technology and fashion driven products for the menswear, womenswear, activewear, uniform and barrier markets. With offices and operations in the United States, Mexico, Europe and Hong Kong, Burlington Worldwide provides global textile innovations to its customers. International Textile Group Inc. (www.itg-global.com) is a global, diversified provider of automotive, apparel and interior furnishings fabrics and textile solutions. International Textile Group’s business units include: Safety Textiles International, Cone Denim, Burlington WorldWide, Burlington House and Carlisle Finishing. The company employs over 9,000 people worldwide with operations in the United States, Mexico, China, Germany, Romania, Czech Republic, South Africa, Nicaragua and Vietnam. Contact your local Burlington Worldwide sales executive or call NYC 212.621.4045 / NC 336.379.2855 for additional information.

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January 11, 2007, Greensboro, NC --International Textile Group, Inc. (OTC Bulletin Board: ITXN) today announced that it would sell the mattress fabrics product line of the Burlington House business unit to Culp, Inc. (NYSE: CFI). The sale would include the current inventories and related intellectual properties of the mattress fabrics product line. The purchase price will be for $2.5 million in cash and approximately 880,000 shares of Culp common stock. The transaction is expected to close by the end of January 2007. “Burlington House brand has been a leading provider of mattress fabrics for over 50 years with innovative, design-driven products and a commitment to servicing the needs of its customers,” said Joseph L. Gorga, President & CEO. “ITG continues to implement its business strategy of being a global textile fabrics and solutions provider focusing on markets where it is able to differentiate itself through innovative products, styling, and competitive manufacturing facilities. With its entry into the automotive fabrics business, through the merger with Safety Components International, ITG is also focusing on highly engineered technical fabrics.” Gorga continued,”The consolidation of the Burlington House and Culp mattress fabrics product lines will provide mattress customers with a cost competitive focused supplier and will allow ITG the opportunity to invest the proceeds in expanding its global footprint in its core businesses. While we regret the impact these changes have on employees, we believe consolidation within the industry is a positive step in reducing overcapacity and providing a more viable industry going forward.” The transition of products is expected to take place over the next 90 to 120 days. The Burlington House division staff and manufacturing operations will work closely with Culp to ensure a smooth, seamless transition for customers. Going forward, International Textile Group and Culp will work together to explore global partnership opportunities including the utilization of ITG’s China operations. Culp, Inc. is one of the world's largest marketers of mattress fabrics for bedding and upholstery fabrics for furniture. The company's fabrics are used principally in the production of bedding products and residential and commercial upholstered furniture. International Textile Group Inc. is a global, diversified provider of automotive, apparel and interior furnishings fabrics and textile solutions. International Textile Group’s business units include: Safety Textiles International, Cone Denim, Burlington WorldWide, Burlington House and Carlisle Finishing. The company employs over 9,000 people worldwide with operations in the United States, Mexico, China, Germany, Romania, Czech Republic, South Africa, Nicaragua and Vietnam.

 

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August 30, 2006, Greensboro, NC and Greenville, SC – International Textile Group, Inc. and Safety Components International, Inc. (OTC Bulletin Board: SAFY) announced today that they have signed an agreement to combine the two companies through a merger.  Both International Textile Group (ITG) and Safety Components International (SCI) are majority owned by affiliates of WL Ross & Co. LLC.

 

The resulting company will be named International Textile Group, Inc.  SCI will form the basis of the combined company’s new automotive safety components business unit.  Wilbur L. Ross, Jr. will serve as Chairman of the combined company.  Joseph L. Gorga, current President and CEO of ITG, will serve as President and CEO of the combined company.  Stephen B. Duerk, who currently serves as President of SCI, will serve as President of the new business unit.

 

Wilbur L. Ross, Jr. said, “This merger will represent a significant milestone in the evolution of ITG and the textile industry.  We formed ITG in 2004 to consolidate the businesses of leading textile and fabric manufacturers and to take forward the strategic vision of repositioning the US textile industry by leveraging its marketing and textile know-how on a global basis.  The addition of SCI’s leading automotive safety fabrics and airbag cushions business will allow us to expand and elevate ITG’s emphasis on technology and engineered fabrics and provide opportunities for all of ITG’s businesses to build upon SCI’s extensive global presence.”

 

Commenting further, Joseph Gorga said, “We are very excited about SCI becoming a part of ITG’s family of companies. We see tremendous opportunities to leverage and build off of the strengths of both companies.  SCI’s automotive safety and specialty niche engineered fabrics, along with globally fabricated airbag cushions, bring strong product diversification to ITG.  We expect to be able to benefit from many synergies in our R&D initiatives, manufacturing processes, purchasing strategies and international expansions.  In addition, through the combined company we expect to have access to financial capital across the full spectrum of products and businesses.”

 

SCI is a leading, low-cost supplier of automotive airbag fabric and cushions with operations in North America, Europe, China and South Africa.  The company is also a leading manufacturer of value-added synthetic fabrics used in a variety of niche industrial and commercial applications.  The company is headquartered in Greenville, South Carolina. 

 

ITG was organized in March 2004 by Wilbur L. Ross, Jr. to combine the assets of Burlington Industries and Cone Mills.  ITG is a diverse, innovative provider of global textile solutions and distinguished market brands to apparel and interior furnishings customers worldwide.  ITG operates four business units: Cone Denim, Burlington WorldWide (apparel fabrics), Burlington House (interior fabrics) and Carlisle Finishing. The company is headquartered in Greensboro, NC.

 

The combined company, to be headquartered in Greensboro, NC, will operate through five primary business units:  Automotive Safety Components, Cone Denim, Burlington WorldWide (apparel fabrics), Burlington House (interior fabrics) and Carlisle Finishing.  On a combined basis, net sales would have been $997.7 million for the year ended December 31, 2005 and $443.9 million for the six months ended June 30, 2006.  The company expects to employ over 9,000 people worldwide with operations in the United States, Mexico, China, Germany, Romania, Czech Republic, South Africa, Nicaragua and Vietnam.

 

ITG, SCI and SCI Merger Sub Inc., a wholly owned subsidiary of SCI, have entered into a merger agreement, dated August 29, 2006.  The combination of the companies will be accomplished through the merger of ITG with SCI Merger Sub.  Upon completion of the merger, SCI will change its name to “International Textile Group, Inc.”

 

Pursuant to the merger, all outstanding shares, or options to acquire shares, of stock of ITG will be exchanged for shares of stock of the combined company at an agreed upon exchange ratio.  Under that exchange ratio, every 1.4739 shares of ITG stock will be exchanged for one share of stock of the combined company.  All shares of stock of SCI outstanding prior to the merger will, upon completion of the merger, represent shares of stock, or rights to acquire stock, of the combined company. 

Affiliates of WL Ross & Co., which is controlled by Wilbur L. Ross, Jr., the chairman of the board of each of ITG and SCI, currently own approximately 75.6% of SCI’s outstanding stock and approximately 85.4% of ITG’s outstanding stock, and, after completion of the merger, are expected to own approximately 82% of the stock of the combined company.

 

The boards of directors of ITG and SCI each formed a special committee, in each case consisting of the sole director on each respective board who is not affiliated with WL Ross & Co., to negotiate and approve the terms and conditions of the combination transaction.  The special committee of ITG was advised by Kilpatrick Stockton LLP, which served as legal counsel, and by SunTrust Robinson Humphrey, which delivered an opinion to the ITG special committee that the exchange ratio in the merger is fair, from a financial point of view, to the stockholders of ITG (other than the stockholders affiliated with WL Ross & Co.).  The special committee of SCI was advised by Nixon Peabody LLP, which served as legal counsel, and by RSM EquiCo Capital Markets LLC, which delivered an opinion to the SCI special committee that the exchange ratio is fair, from a financial point of view, to the stockholders of SCI (other than the stockholders affiliated with WL Ross & Co.).  WL Ross & Co.’s legal counsel in the transaction was Jones Day.

 

Completion of the merger is subject to the satisfaction of various conditions, including approval of the transaction by ITG’s stockholders, approval of an amendment to SCI’s certificate of incorporation by SCI’s stockholders, and receipt of necessary regulatory approvals and consents. The stockholders affiliated with WL Ross & Co. have indicated that they will vote all of their shares of ITG and SCI stock in favor of such transaction, and stockholder approval is thereby assured.

 

The merger is expected to be completed in late 2006, subject to the receipt of necessary regulatory approvals and the satisfaction or waiver of other closing conditions.  Upon completion of the merger, the new ITG will operate as a public company with stock traded on the over-the-counter (OTC) bulletin board.

 

Additional Information

In connection with the proposed combination, SCI intends to file a registration statement on Form S-4, including a joint proxy statement/prospectus, with the Securities and Exchange Commission (the "SEC").  Investors are urged to read the registration statement including the joint proxy statement/prospectus (and all amendments and supplements to it), and other materials when they become available because they will contain important information.  Investors will be able to obtain free copies of the registration statement, including the joint proxy statement/prospectus, when they become available, as well as other filings containing information about SCI, without charge, at the SEC's web site  (www.sec.gov).  Copies of SCI's filings may also be obtained without charge from SCI at SCI's web site (www.safetycomponents.com) or by directing a request to SCI at 41 Stevens Street, Greenville, South Carolina 29605, Attn: Treasurer, (864) 240-2600.

SCI, its directors and executive officers and other members of management and its employees are potential participants in the solicitation of proxies by SCI's board of directors in respect of SCI's upcoming annual meeting of stockholders, which will be described in more detail in SCI's joint proxy statement/prospectus to be included as part of the registration statement. Information regarding the interests of such potential participants will be included in the joint proxy statement/prospectus to be filed with the SEC as a part of the registration statement.

 

Forward-Looking Statements

Certain statements contained in this press release, including statements regarding the proposed combination of SCI and ITG, are not recitations of historical facts.  These "forward looking statements" may relate to SCI's or ITG's future plans, revenue, earnings, outlook, expectations and strategies, as well as the facts or assumptions underlying these statements, and involve a number of risks and uncertainties.  SCI's and ITG's actual results may differ materially from the results expressed or implied in these forward looking statements due to various risks, uncertainties or other factors.  These factors may include downturns in the automotive industry, decreases in the demand for textile products, increases in constituent raw materials prices, difficulties in executing business strategies and other risk factors described in SCI's filings with the SEC from time to time, including those to be described in the joint proxy statement/prospectus to be filed with the SEC in connection with the merger described above.  Neither SCI nor ITG undertake any obligation to update any forward looking statements.

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Greensboro, NC, June 6, 2006 -- International Textile Group, Inc. (ITG) announced today that its Burlington WorldWide division plans to build a state-of-the-art cotton manufacturing complex in DaNang, Vietnam. The complex will be a joint venture operation called Burlington Phong Phu Supply Chain City, 60% owned by a subsidiary of ITG (a WL Ross & Co. company) and 40% owned by Phong Phu Corporation, one of the largest textile and garment enterprises in Vietnam. The investment will exceed $80 million USD.

 

ITG began its exploration within Vietnam last February through its relationship with the Vietnam National Textile and Garment Corporation (Vinatex). Mr. Le Quoc An, chairman of Vinatex, was instrumental in facilitating the relationship and agreement with Phong Phu.

 

Supply Chain City will offer apparel customers a total supply chain solution from fabric to finished garments. The vertical operation will focus on the production of cotton, bottom-weight fabrics and finished garments. Capabilities will include weaving, dyeing and finishing operations as well as garment sewing and wet processing.

 

Supply Chain City is expected to be operational within the next 18 months with a dyeing and finishing capacity of 60 million yards. The complex will employ more than 1500 people.

 

“Vietnam is a country at the forefront of growth and provides an excellent platform for launching Burlington Phong Phu Supply Chain City,” commented Kenneth T. Kunberger, President for Burlington WorldWide. “Known for its complex needle, this region offers distinct skills in intricate sewing and apparel production. Supply Chain City brings together Burlington’s extensive fabric expertise with Phong Phu’s garment knowledge offering customers a unique, full-service garment solution.”

 

Wilbur L. Ross, Chairman of ITG said, “Vietnam is becoming an increasingly important resource for garment production. Its pending membership in the World Trade Organization will be critical to fully realize the future contributions of this country. We are pleased by last week’s U.S. trade agreement with Vietnam and urge the continued progress towards the country’s entry into the WTO.”

 

The Supply Chain City joint-venture partnership will be formally announced later today during the official signing ceremony in Ho Chi Minh City. Mr. Tran Quang Nghi, General Director of Phong Phu Corporation and Mr. Joseph Gorga, President and CEO for ITG presided over the ceremony which included government dignitaries and the media.

 

Burlington WorldWide (BWW), an International Textile Group Company, is a leading provider and marketer of technology and fashion driven products for the Menswear, Womenswear, Activewear, Uniform and Barrier markets. With offices Worldwide, BWW provides textile innovations and solutions to its clients and partners globally.

 

International Textile Group, Inc. (www.itg-global.com) was organized in March 2004 by Wilbur L. Ross to combine the assets of Burlington Industries and Cone Mills. ITG is a diverse, innovative provider of global textile solutions and distinguished market brands to apparel and interior furnishing customers worldwide. ITG operates four business units: Cone Denim, Burlington Worldwide, Burlington House and Carlisle Finishing.

 

Phong Phu Corporation is a state-owned company and member of VINATEX. Started in 1965, it operates today as one of the largest textile and garment enterprises in Vietnam. As a diverse manufacturer its products include a wide range of fabrics, yarns and garments. ###