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June 30, 2009

Global Safety Textiles Holdings LLC Files For Chapter 11

Global Safety Textiles Holdings LLC filed for chapter 11 bankruptcy today at the United States Bankruptcy Court in Wilmington, DE.  The automotive safety textile manufacturer's petition lists assets and liabilities as between $100 and $500 million.

Court filings for the Greensboro-based debtor list Dow Corning Corporation and Bradford Industries as the largest unsecured creditors.

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