ADS INC - First Quarter Results for the Year Ending January 31, 2001

28 June 2000

The Board of Directors of ADS Inc. has announced the financial results for its first quarter for the period from February 1 to April 30, 2000. Sales for the three-month period ended April 30, 2000 reached $28.1 million compared with $27.0 million for the quarter ended April 30, 1999. This increase in revenue is explained by the composite materials. ADS Inc. is a company involved primarily in the manufacturing sector through subsidiaries operating in the field of technical textiles and composite materials.

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