Stevens Geomembranes Assures No Connection with WestPoint Stevens' Filing of Chapter 11

WestPoint Stevens, an Atlanta-based company that was established as a result of the acquisition of J.P. Stevens & Co. by WestPoint Pepperell back in the late 1980s, filed for Chapter 11 protection earlier this week. Stevens Geomembranes is a business unit of JPS Elastomers, a division of JPS Industries, Inc., of Greenville, S.C. (NASDAQ/NM:JPST). They want to assure the public that they have nothing to do with WestPoint Stevens. “We are still known in some quarters as ‘J.P. Stevens’, despite our efforts over the past years to re-brand the company as Stevens Geomembranes. To emphasize, we want to make it very clear that neither Stevens Geomembranes, nor JPS Elastomerics is in any way affiliated with, or connected with WestPoint Stevens and this filing.” A press release issued by JPS Industries is posted on their Web site at www.stevensroofing.com in the “Press Room.”