- 4 - J.H. Millis Letter Cont’d. J. E. Millis, son of the co-founder, became Sec retary-Treasurer. The corporation was listed on the New York Stock Exchange in 1928. About that time, the organization decided to enter the full fashioned hosiery field and erected a large five-story steel and concrete building at English and Pine Streets in High Point for the full fashioned operations. Modern machines for the manufacture of seamless stockings for women have replaced the full fashioned machines. After the death of Mr. Adams in 1935, my father, J. E. Millis, was elected President. He served as President from 1935 until he became Chairman of the Board in 1952. He died October 13, 1961. The growth of this corporation is due in large measure to his 50 years of loyal and dedi cated service. In 1952, the Board of Directors elected me President of the company and my Dad, Chairman of the Board. I have many fond memories of summers worked in every plant; and, after attend ing Davidson College and the University of North Carolina and having served during World War II as a fighter pilot with the Army Air Force, was employed on a permanent basis with the company on January 1, 1947, Early in I960, Adams-Millis, in conjunction with P. H. Hanes Knitting Company of Winston- Salem, organized Hanes-Millis Sales Corporation, engaging in the sale of men's, boys', misses' and infants'hosiery under the Hanes Red Label brand. In 1963, the physicalassets of Granite Hosiery Company of Mount Air y, N. C. , were purchased for cash. This company has been said to be the largest boys' hosiery mill in the country. During this time, Donald G. Lindner, a Purdue Univer- graduate, assumed a key position in our New York sales office. He is now President of the Hosiery Division. In 1965, anew finishing plant and warehous ing facility, incorporating the most advanced inventory control and materials handling system in the industry, was constructed in Kerner sville, N. C. This new finishing plant and warehouse facility was dedicated and named in honor of Mr. J. EdMillis in April 1966, at which time Adams- Millis received the Sears "Symbol of Excellence" award from Sears, Roebuck and Company. (This month. May 1974, we will receive our 8th such award.) New, advanced, 4-feed knitting machines for women's seamless stockings were also in stalled in the ladies' hosiery mill in 1966. In July of 1965, the corporation acquired Knit-Sox Knitting Mills in Hickory to strengthen production of misses' and children's hosiery. In 1970, the Whisnant Ho siery Mills in Hickory was acquired and Knit-Sox Knitting Mills was consolidated with the Whisnant operations. In 1968, Adams-Millis acquired the Tex- Elastic Corporation in Archdale, producers of covered elastic yarns. Another acquisition, Uni- Royal of Raeford, was bought to increase the capabilities of processing covered yarns. Ten texturing machines were installed in the Arch dale plant in 1968 and twelve more were added before the texturing machines were moved to a new Adams-Millis Texturing and Dyeing plant on South Ehm Street in High Point, Ten additional machines were installed in the new texturing plant, which is equipped to texture and dye any of the thermoplastic fibers. TexElastic contin ues to be one of the world's largest producers of covered yarns. In 1971, Adams-Millis Corporation entered the double-knit fabrics industry. Two plants, S & S Mills of Graham and McCuiston Knitting Mills of Haw River, former commissioned knit ters, were acquired and were organized into a single unit--Adams-Millis Fabrics, Inc, Addi tions have been made to the Graham plant to increase output of fabrics, and a dyeing and fin ishing plant has been built in Winston-Salem to allow the fabrics to be sold directly to apparel producers. With the emergence and expected continua tion of women's hosiery and panty hose as high fashion items, the main manufacturing plant in High Point has been steadily modernized with multi-feed knitting machines equipped with auto matic toe closures. Automated machines have also been installed in the finishing department. A fully automated plant in Edmond, Oklahoma, is equipped throughout with the newest knitting machines andfinishing room facilities for the pro duction of women's hosiery and pantyhose. This facility, with expanded warehouse space, enables Adams-Millis Hosiery Company to better serve customers in the southwestern and western mar kets. Adams-Millis Corporation sales are nation wide in scope. Its ownership is also national in scope with over 5, 000 stockholders in all of the 50 states, as well as territories and foreign countries. Of course, allof this growth is attrib utable to our finest asset in Adams-Millis, our large number of hard working, dedicated employ ees. Because of this fact, one of the pleasures of my life is to have a visit with those retiring from Adams-Millis. This affords me the oppor tunity on a one-to-one basis to say "thanks, " and to reminisce about our past and to discuss th® future. Many have spent 30, 40--even 50 years with the company and for this I am deeply grate ful.

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