FOR IMMEDIATE RELEASE

RON MARTIN APPOINTED PRESIDENT OF RONILE, INC.

(Rocky Mount, Virginia, July 6, 2001) Ė Ronile, Inc. announced today that its Board of Directors elected Ron Martin President of Ronile and its wholly-owned subsidiary Ronile of Georgia.

Mr. Martin joined the companyís predecessor in 1968. He has served in a variety of positions throughout the company, including Vice President, Manufacturing, and most recently as Vice President, Sales & Marketing.

Mr. Martin will continue to head Ronileís sales and marketing efforts and will assume additional responsibilities on the operational side of the business. He will report to Phillip C. Essig, Chief Executive Officer of both companies.

Mr. Essig said: "I am pleased to make this announcement about Ronís promotion. Ron has been an key player in this company for a long time. I value highly his experience in the carpet industry, his knowledge of the markets, and his judgment on the issues that we face in this business. I am confident that Ronile will continue to thrive under Ronís leadership"

Martin said, "This is a very exciting time for Ronile. In the past few years, we have broadened our product line and our customer base and strengthened our management team and systems. Today, we are well positioned to capitalize on those moves and to grow our yarn business."

Ronile is the leading supplier of space-dyed yarns to the commercial carpet market. Founded by Abe and Elinor Essig in 1984, Ronile has manufacturing plants in Rocky Mount, Virginia and Lafayette, Georgia and a workforce of 450 employees. Through an Employee Stock Ownership Plan, Ronileís employees today own about one-third of the company. Ronile also owns Bacova Guild, Ltd., the marketing leader in printed floormats and accent rugs.

For more information, please call Sylvia Bussey at (800) 233-7849, ext. 4647.

# # #

Ronile, Inc. • 540-483-0261  •  ronile@ronile.com • Site Map