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WestPoint Stevens Offers Thermosoft Technology, Improves Credit Status

WestPoint Stevens Inc., West Point, Ga., has been given an exclusive license by Buffalo Grove, Ill.-based Thermosoft International Corp. to use Thermosoft's heating technology in its bedding products. WestPoint Stevens is using Thermosoft® FiberThermics technology in its new Vellux® Fahrenheit heated blanket.

"Now, as holder of the exclusive Thermosoft license for bedding products in North America, WestPoint Stevens will utilize Thermosoft's technology to expand its range of heated bedding products in 2003," said Art Birkins, president of the company's Basic Bedding Division.

In other news, WestPoint Stevens has been removed from CreditWatch status by Standard & Poors (S&P) Ratings Service. S&P has reviewed the company's operations and affirmed its B corporate credit rating and its CCC+ senior unsecured debt rating.

February 2003