ATLANTA, Oct. 27 /PRNewswire-FirstCall/ -- Interface, Inc.
(Nasdaq: IFSIA), a worldwide floorcoverings and fabrics company, today
announced the election of David Kohler to its board of directors. (This
addition brings the total members of the Company's board of directors to 11,
of which 9 are independent directors.) Mr. Kohler, age 40, is Group President
of the Kitchen and Bath Group for Kohler Co., a global leader in the
manufacture of kitchen and bath products, tile, cabinetry, engines and power
generation systems, and an owner/operator of golf and spa destinations. Mr.
Kohler was previously a chairman of the National Kitchen and Bath
Association's Board of Governors of Manufacturing. He is currently a member
of the board of Kohler Co., and has previously served on the board of Menasha
Corporation, a privately-held manufacturer. In 2004, he was named one of
Builder Magazine's 50 Most Influential People in Home Building. Mr. Kohler
holds a Master's degree in management from the Kellogg Graduate School of
Management at Northwestern University, and a Bachelor's degree in political
science from Duke University.
Daniel T. Hendrix, President and Chief Executive Officer, commented, "We
are very pleased to welcome David to Interface's board of directors. His
extensive experience in designing, manufacturing and marketing products for
the consumer products and homebuilding markets, throughout North America and
Asia, will be very valuable to our company as we continue to build our
business. We look forward to his contributions."
Interface, Inc. is a recognized leader in the worldwide interiors market,
offering floorcoverings and fabrics. The Company is committed to the goal of
sustainability and doing business in ways that minimize the impact on the
environment while enhancing shareholder value. The Company is the world's
largest manufacturer of modular carpet under the InterfaceFLOR, FLOR, Heuga
and Bentley Prince Street brands, and, through its Bentley Prince Street
brand, enjoys a leading position in the high quality, designer-oriented
segment of the broadloom carpet market. The Company's InterfaceFabric
business is a leading producer of interior fabrics and upholstery products,
which it markets under the Guilford of Maine, Chatham and Terratex brands, and
provides specialized automotive textile solutions.
Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995: Except for historical information contained herein, the other matters
set forth in this news release are forward-looking statements. The forward-
looking statements set forth above involve a number of risks and uncertainties
that could cause actual results to differ materially from any such statement,
including risks and uncertainties associated with economic conditions in the
commercial interiors industry as well as the risks and uncertainties discussed
under the heading "Risk Factors" included in Item 1A of the Company's Annual
Report on Form 10-K for the fiscal year ended January 1, 2006, which
discussion is incorporated herein by this reference, including, but not
limited to, the discussion of specific risks and uncertainties under the
headings "We compete with a large number of manufacturers in the highly
competitive commercial floorcovering products market, and some of these
competitors have greater financial resources than we do," "Sales of our
principal products have been and may continue to be affected by adverse
economic cycles in the construction and renovation of commercial and
institutional buildings," "Our success depends significantly upon the efforts,
abilities and continued service of our senior management executives and our
principal design consultant, and our loss of any of them could affect us
adversely," "Our substantial international operations are subject to various
political, economic and other uncertainties that could adversely affect our
business results, including by restrictive taxation or other government
regulation and by foreign currency fluctuations," "Our Chairman, together with
other insiders, currently has sufficient voting power to elect a majority of
our Board of Directors," "Large increases in the cost of petroleum-based raw
materials, which we are unable to pass through to our customers, could
adversely affect us," "Unanticipated termination or interruption of any of our
arrangements with our primary third-party suppliers of synthetic fiber could
have a material adverse effect on us," "We have a significant amount of
indebtedness which could have important negative consequences to us," and "Our
Rights Agreement could discourage tender offers or other transactions for our
stock that could result in shareholders receiving a premium over the market
price for our stock." Any forward-looking statements are made pursuant to the
Private Securities Litigation Reform Act of 1995 and, as such, speak only as
of the date made. The Company assumes no responsibility to update or revise
forward-looking statements made in this press release and cautions readers not
to place undue reliance on any such forward-looking statements.
SOURCE Interface, Inc.
CONTACT:
Daniel T. Hendrix,
President and Chief Executive Officer,
or
Patrick C. Lynch,
Vice President and Chief Financial Officer,
both of
Interface, Inc.,
+1-770-437-6800;
or Christine Mohrmann or Jim Olecki of
Financial Dynamics,
+1-212-850-5600, for Interface, Inc.
Web site: http://www.interfaceinc.com
(IFSIA)