Aldila Adds Lloyd I. Miller, III to Board of Directors; Vincent T. Gorguze Retired From Board.

Business Editors

POWAY, Calif.--(BUSINESS WIRE)--Sept. 4, 2001

Aldila Inc. (Nasdaq:ALDA) today announced the addition of Lloyd I. Miller, III to the board of directors.

Miller, 47, is an independent investor and has served on numerous corporate boards including Vulcan International and American Controlled Industries, among others, and currently serves as a director of Advantica Restaurant Group, Spartanburg, S.C. He is a member of the Chicago Board of Trade and the Chicago Stock Exchange, and traded actively on the floor of the CBOT from 1977 to 1992. He is a Registered Investment Advisor.

"Lloyd brings substantial investment market experience to our board and we look forward to benefiting from his expertise," said Peter R. Mathewson, chairman and chief executive officer of Aldila.

Aldila also announced the retirement of Vincent T. Gorguze from the board, effective immediately. Gorguze, 84, previously served on the board from 1988 until 1999. He also served as chief executive officer from 1988 to 1995 and was named Chairman Emeritus in 1995. He was re-elected to the board in May 2000.

"The company has benefited from the enormous management experience of Vince Gorguze during the past 13 years. We are grateful for his contributions to the growth of our golf shaft business and we will miss him greatly," Mathewson said.

Aldila Inc. is the golf industry's leading manufacturer of graphite golf shafts used in clubs assembled and marketed throughout the world by major golf club companies, component distributors and custom clubmakers. Aldila manufactures composite prepreg material for its golf shaft business and external sales. Through an ownership interest in Carbon Fiber Technology LLC, the company externally manufactures carbon fiber for internal use.