Burlington Industries, Inc (NYSE: BUR) noted progress on new technology being developed by Nano-Tex, LLC, a technology company in which Burlington owns a 51% equity position. Nano- Tex, formerly named AvantGarb, is an advanced materials company applying the science of nanotechnolgy to textiles.

George W. Henderson, III, chairman and chief executive officer of Burlington Industries, speaking to an investor group today, said research to date has produced good results. "Nano-Tex scientists are applying nanotechnology to textiles by developing unique polymer chemistry," Henderson said. "The goal is to permanently impart highly desireable features to fibers and fabrics, without losing softness, durability or breathability. We are currently testing some of the processes in Burlington's manufacturing plants and seeking market feedback on initial trials. We believe nanotechnology may have broad potential for apparel, interior furnishings, automotive, industrial and medical uses."

Burlington announced in November, 1999, that it had acquired 51% interest in AvantGarb, now Nano-Tex, LLC, of Emeryville, California. Burlington is one of the world's largest and most diversified manufacturers of softgoods for apparel and interior furnishings.

This press release contains statements that are forward-looking statements within the meaning of applicable federal securities laws and are based upon the company's current expectations and assumptions, which are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. Such risks and uncertainties include, among other things, global economic activity, the success of the company's overall business strategy, the company's relationships with its principal customers and suppliers, the success of the company's expansion in other countries, the demand for textile products, the cost and availability of raw materials and labor, the company's ability to finance its capital expansion and modernization programs, the level of the company's indebtedness and the exposure to interest rate fluctuations, governmental legislation and regulatory changes, and the long-term implications of regional trade blocs and the effect of quota phaseout and lowering of tariffs under the WTO trade regime.