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Unifi adds two new members to its Board

May '07
Unifi Inc announced that effective April 30, 2007, the Board of Directors of Unifi Inc appointed two new members to the Board. Appointed to the Board were:

William M. Sams, who lives in Dallas, Texas, has served as a Director of America's Car-Mart Inc. since March 2005. From 1981 until 2000, Mr. Sams was the President and Chief Investment Officer of FPA Paramount Fund, Inc., as well as the Executive Vice President to both First Pacific Advisors, Inc. and FPA Perennial Fund, Inc. Mr. Sams currently manages his personal investments. He started his career in 1966 in the mutual fund industry.

Anthony Loo, who lives in Shanghai, Peoples Republic of China and is currently the Managing Director of Rio Tinto China and Rio Tinto Asia. Mr. Loo is American and has a Bachelor and a Master's Degree in chemical engineering from Vanderbilt University and a MBA from Columbia University. Prior to joining Rio Tinto, he spent almost 20 years with the DuPont Company in China, North America, Singapore, and Hong Kong in various positions in sales, marketing, manufacturing, licensing, country management and business strategy, as well as pioneering DuPont's initial entry into China.

Brian Parke, Unifi's Chairman and CEO said, "The addition of Bill Sams and Tony Loo will bring new perspectives to the Company. Mr. Sams, as one of our larger shareholders, will bring a fresh approach to creating shareholder value with his past experiences and business acumen. Mr. Loo's vast experience in China in the textile industry will provide a view of our China operations that only can be obtained from years of experience in that market. The Board and our management team look forward to working with both of them in the future."

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