“Your statement that “Designtex has been losing money the last few quarters” is totally false. For over
a decade Designtex has been profitable, which has been maintained throughout two major recessions.
In addition never at any time during our search for a new President was the criteria based on looking
for a “turnaround specialist”, as you state in your posting. Plus your assumption that Susan Lyons left
Designtex because of a disagreement with Tom Hamilton is pure fabrication.

As per our phone conversation earlier this week Designtex has not officially announced a new president.
We had hoped that you would have respected our decision as to when this very important and positive
event would take place. All other industry publications have respected our decision so we find it
disappointing that Fabrics & Furnishings International published before the official release.

A publication's reputation rests greatly on its ability to provide factual information so we are
confident you will want to correct this information as soon as possible.”

Caroline Vaughn, director of marketing, Designtex