WestPoint Stevens Receives Additional Time to Revise Business Plan With Extension of Exclusive Period to File a Plan of Reorgani

WestPoint Stevens Receives Additional Time to Revise Business
Plan With Extension of Exclusive Period to File a Plan of Reorganization 


WEST POINT, Ga., Aug. 2  /PRNewswire-FirstCall/ -- WestPoint Stevens Inc.
(OTC:WSPT) (BULLETIN BOARD: WSPT)  ( http://www.westpointstevens.com/ )
announced that on July 30, the U.S. Bankruptcy Court extended the Company's
exclusive right to file a plan of reorganization through October 1, 2004.

M.L. "Chip" Fontenot, President and CEO of WestPoint Stevens commented, "We are
in the final stages of revising our Business Plan.  While we are sensitive to
the desire to exit bankruptcy as quickly as possible, it is more important to
conclude this process with a sound strategic vision that will ensure WestPoint
Stevens' long term competitive position in a rapidly changing global market."

Mr. Fontenot added, "WestPoint Stevens is maintaining excellent customer
service levels and continues to enjoy ample financial flexibility."

As previously announced, WestPoint Stevens Inc. and certain of its subsidiaries
filed for protection under Chapter 11 of the U.S. Bankruptcy Code in the U.S.
Bankruptcy Court for the Southern District of New York on June 1, 2003.

WestPoint Stevens Inc. is the nation's premier home fashions consumer products
marketing company, with a wide range of bed linens, towels, blankets,
comforters and accessories marketed under the well-known brand names GRAND
PATRICIAN, PATRICIAN, MARTEX, ATELIER MARTEX, BABY MARTEX, UTICA, STEVENS, LADY
PEPPERELL, SEDUCTION, VELLUX and CHATHAM - all registered trademarks owned by
WestPoint Stevens Inc. and its subsidiaries - and under licensed brands
including RALPH LAUREN HOME, DISNEY HOME and GLYNDA TURLEY. WestPoint Stevens
can be found on the World Wide Web at http://www.westpointstevens.com/.

Safe Harbor Statement: Except for historical information contained herein,
certain matters set forth in this press release are "forward looking
statements" within the meaning of the U.S. Private Securities Litigation Reform
Act of 1995. Such forward-looking statements involve certain risks and
uncertainties that could cause actual results to differ materially from those
in the forward-looking statements. Such risks and uncertainties may be
attributable to important factors that include but are not limited to the
following: Product margins may vary from those projected; Raw material prices
may vary from those assumed; Additional reserves may be required for bad debts,
returns, allowances, governmental compliance costs, or litigation; There may be
changes in the performance of financial markets or fluctuations in foreign
currency exchange rates; Unanticipated natural disasters could have a material
impact upon results of operations; There may be changes in the general economic
conditions that affect customer practices or consumer spending; Competition for
retail and wholesale customers, pricing and transportation of products may vary
from time to time due to seasonal variations or otherwise; Customer preferences
for our products can be affected by competition, or general market demand for
domestic or imported goods or the quantity, quality, price or delivery time of
such goods; There could be an unanticipated loss of a material customer or a
material license; The availability and price of raw materials could be affected
by weather, disease, energy costs or other factors; The future results of
operations may be adversely affected by factors relating to the Chapter 11
proceedings. The information contained in this release is as of August 2, 2004.
 WestPoint Stevens assumes no obligation to update publicly any forward-looking
statements, contained in this document as a result of new information or future
events or developments.

   Contact:  Lorraine D. Miller, CFA
             Senior Vice President Finance and External Communications
             404.378.0491


DATASOURCE: WestPoint Stevens



CONTACT:  Lorraine D. Miller, CFA, Senior Vice President Finance and

External Communications of WestPoint Stevens, [phone]



Web site:  http://www.westpointstevens.com/ 

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