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Malden Mills President/CEO Aaron Feuerstein to Speak at Bentley College

September 30, 2001

CANCELLED

WALTHAM, Mass.- Aaron Feuerstein, President and Chief Executive Officer of Malden Mills Industries, Inc., will deliver a public lecture entitled BUSINESS ETHICS: Good Ethics and Good Business are not Polar at Bentley College on Thursday November 15, 2001 at 3:30pm. His speech is part of the Sears Lectureship in Business Ethics presented by the Center for Business Ethics at Bentley College, through the generous support of Sears, Roebuck and Co.

Mr. Feuerstein has managed Malden Mills' tremendous growth over the past four decades. After a fire in December 1995 burnt down three of his factory's buildings, he vowed to rebuild the 90-year-old business- promising to offer his employees full pay for the next 90 days with health benefits for 180 days. Within two months, 70 percent of the total work force was back to work, and by September of 1997, the new Malden Mills manufacturing facility was fully operational. Today, under Mr. Feuerstein's direction, Malden Mills is the largest employer in the city of Lawrence- rich in its own textile heritage- with over 2,000 employees.

Malden Mills Industries, Inc. has been owned and operated by the Feuerstein family since it was founded in 1906. Malden Mills is a pioneer in the development of high quality surface-finished fabrics and leads the international textile industry in producing attractive, technically sophisticated fabrics for use in the apparel, upholstery and home furnishings markets. With the introduction of Polarfleece® and Polartec® fabrics in the 1980s and 1990s, Malden Mills created a $3 billion market that has revolutionized the way that people dress. Sales have grown to $400 million a year with customers in more than 50 countries.

Aaron Feuerstein's inspiration and leadership has been the key to the success of Malden Mills' new corporate identity, as he directs all major strategic, financial, manufacturing, and sales/marketing decisions for the company. His sensitivity for the welfare of his employees preserves the family spirit that built Malden Mills into an international leader. He has made it a cardinal principle that the employees at Malden Mills are its most-valued asset.

WHO: Aaron Feuerstein, President and CEO, Malden Mills Industries, Inc.

WHAT: A public lecture, BUSINESS ETHICS: Good Ethics and Good Business are not Polar

WHEN: Thursday, November 15, 2001, 3:30 p.m.

WHERE: Wilder Pavilion, Adamian Academic Center, Bentley College, Waltham, MA

BENTLEY UNIVERSITY is one of the nation’s leading business schools, dedicated to preparing a new kind of business leader – one with the deep technical skills, broad global perspective, and high ethical standards required to make a difference in an ever-changing world. Our rich, diverse arts and sciences program, combined with an advanced business curriculum, prepares informed professionals who make an impact in their chosen fields. Located on a classic New England campus minutes from Boston, Bentley is a dynamic community of leaders, scholars and creative thinkers. The Graduate School emphasizes the impact of technology on business practice, in offerings that include MBA and Master of Science programs, PhD programs in accountancy and in business, and customized executive education programs. The university enrolls approximately 4,100 full-time undergraduate, 140 adult part-time undergraduate, 1,430 graduate, and 43 doctoral students. Bentley is accredited by the New England Association of Schools and Colleges; AACSB International – The Association to Advance Collegiate Schools of Business; and the European Quality Improvement System, which benchmarks quality in management and business education. For more information, please visit www.bentley.edu

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