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THOMASTON MILLS HOLDS 94TH ANNUAL MEETING OF SHAREHOLDERS

 THOMASTON, Ga., Oct. 7 /PRNewswire/ -- At Thomaston Mills' 94th annual meeting of shareholders, Neil H. Hightower, president and CEO, reported record sales for the second consecutive year, along with a new record in net after tax earnings of $15,575,000 or $2.37 per share for fiscal year ended July 3.
 Hightower praised the 2,454 employees of Thomaston Mills for their accomplishments during the past year.
 During fiscal year 1993, Thomaston Mills invested $20.3 million in new plant and equipment. Since 1986, total investment in new plant and equipment has been in excess of $103 million.
 Also during 1993, the company increased the dividend payable on all common stock. Thomaston Mills has increased its dividend for seven consecutive years and has paid a dividend for 54 consecutive years.
 Hightower further stated: "Thomaston Mills is continuing to become one of the most modern textile companies in the business, and our new five-year plan calls for capital expenditures of over $120 million by 1988. While the textile industry is currently experiencing some slowness at retail, long-term we expect the company to be a larger, stronger, more profitable concern."
 -0- 10/7/93
 /CONTACT: Neil H. Hightower, president and CEO of Thomaston Mills, 706-647-7131/
 (TMST)


CO: Thomaston Mills, Inc. ST: Georgia IN: TEX SU:

BR-RA -- AT008 -- 9771 10/07/93 12:38 EDT
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Publication:PR Newswire
Date:Oct 7, 1993
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