Martha Mills Assets Sold

WesTek Inc., also known as Martha Mills, is a privately held Georgia company engaged in the manufacture and distribution of tyre cord and chafer fabric. WesTek Inc.

also produces yarns for use as reinforcement fibre for tyres. Cornerstone Investment Group, a private equity investment firm specialising in turnarounds of undercapitalized or distressed small to medium size companies, announced that it has entered into definitive written agreements to purchase the assets of WesTek Inc. Both companies expect the financial arrangements to be completed on or before November 15, 2002.