Culp, Inc. Comments on Recent Activity in its Stock.HIGH POINT, N.C. -- Culp, Inc. (NYSE NYSE See: New York Stock Exchange : CFI CFI abbr. cost, freight, and insurance ) today said it had received an inquiry from The New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. regarding recent market activity in the company's stock. In response, the company stated that it had made no new business announcements since its fourth quarter earnings release on June 26, 2006, and is unaware of any company developments since that time that would account for the recent activity in its stock. The company said it is its policy and practice to release material news as soon as practical, and that it is not currently contemplating any such release. Culp, Inc. is one of the world's largest marketers of mattress fabrics for bedding and upholstery upholstery, general term for household fittings, hangings, curtains, cushions, and covers. It refers to stuffed, padded, and spring-cushioned furniture, such as chairs and sofas, or to the usually decorative materials and fabrics that cover them. fabrics for furniture. The company's fabrics are used principally in the production of bedding products and residential and commercial upholstered furniture. |
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