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ROCKY MOUNT UNDERGARMENT CO., INC. ANNOUNCES AGREEMENT ON PLAN OF REORGANIZATION

 ROCKY MOUNT, N.C., Nov. 29 /PRNewswire/ -- Rocky Mount Undergarment Co., Inc. (OTC BULLETIN BOARD: RMUCQ) announced that on Nov. 22, 1993 Rocky Mount and its Creditors Committee agreed to a Plan of Reorganization. The agreement is subject to court approval and contemplates that Rocky Mount will emerge from its current Bankruptcy proceedings by Dec. 31, 1993.
 The Plan has the approval and support of Rosenthal & Rosenthal, Inc., factors. In addition, Rocky Mount has agreed in principle with an investor to take an equity position in the Company. The investor is a seasoned apparel operations executive.
 Rocky Mount, established in 1959, manufactures and markets intimate apparel for women and children.
 -0- 11/29/93
 /CONTACT: Charles Kralick, CFO, Vice President-Finance, Rocky Mount Undergarment Co., Inc., 919-446-6161/
 (RMUCQ)


CO: Rocky Mount Undergarment Co., Inc. ST: North Carolina IN: TEX SU: RCN

JM -- CH005 -- 8457 11/29/93 17:13 EST
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Publication:PR Newswire
Date:Nov 29, 1993
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