FOR IMMEDIATE RELEASE
August 12, 1997



Jill Lawrence
VEDP
(804) 371-0049
Governor Allen Hails Amfibe Expansion in Henry County
-- Company to Invest $6 Million, Create 60 New Jobs --


Richmond - Governor George Allen today announced the decision by Amfibe, Inc. to expand its operations in the Henry County Enterprise Zone, creating 60 new jobs for Virginians. Amfibe supplies fine denier nylon textile yarn used in various industrial, hosiery and intimate apparel applications.

Amfibe's decision to expand its operations in Henry County strengthens the economic fabric of Southside Virginia," said Governor Allen. "This welcome job news is a testimonial to the value of enterprise zones, Virginia's pro-business environment and our high quality workforce. This expansion confirms that Virginia has a business environment where companies can grow and succeed so that Virginians and their families can thrive and prosper."

Amfibe was founded in 1994 by Larry McDorman and Ken Martin who acquired a division of Dupont's nylon textile business. The company will also relocate its current facility from the Smith River Business Campus to a new building in the Martinsville Industrial Park as part of the expansion.

"We are very excited about the construction of our own facility," said Larry McDorman, president and chief executive officer of Amfibe, Inc. "Furthermore, the ability to continue to maintain our existing workforce and utilize the local labor force for future growth is very desirable for our business."

The Virginia Economic Development Partnership, the Patrick Henry Economic Development Council, Henry County and the City of Martinsville worked together in assisting the company with its decision. The Virginia Department of Business Assistance will provide workforce training services to the company.



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