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Culp To Be Included In Russell 2000 Index

Culp To Be IncludedIn Russell 2000 IndexCulp Inc., High Point, N.C., a manufacturer of upholstery fabric for furniture and mattress ticking for bedding, has been selected on a preliminary basis for inclusion in the Russell 2000 Market Index.More than $200 billion is invested in funds that rely on Russells U.S. indexes as investment models. We are very pleased that our shares have been selected to be added to this prominent stock market index, said Culp CEO Robert G. Culp III. We believe inclusion in the Russell 2000 Index should increase investor interest in Culp, and thereby enhance the marketability of our shares.The Russell 2000 Market Index is one of 21 U.S. equity indexes published by the investment firm Frank Russell Co., Tacoma, Wash. Russells indexes are widely regarded as an important measure of stock market activity. August 2002