TFR Tefron Ltd Ord

MISGAV, Israel, December 12 /PRNewswire-FirstCall/ -- Tefron Ltd. (NYSE:TFR)(TASE:TFRN), a leading producer of seamless intimate apparel and engineered-for-performance (EFPTM) active wear, today announced it has been notified by the New York Stock Exchange (NYSE) that trading of Tefron's ordinary shares on the NYSE will be suspended effective prior to the opening of the market on 22, December, 2008. The NYSE has taken this action because Tefron has recently fallen below certain of the NYSE's continued quantitative listing standards, including the requirement that listed companies maintain an average global market capitalization over a 30 trading-day period of not less than $25 million. Under applicable NYSE procedures, Tefron has 10 days from the receipt of the notice to appeal the decision with the NYSE. At the present time, Tefron does not intend to appeal. Tefron intends to have its shares quoted on the OTC Bulletin Board and will consider available alternatives. The Company anticipates disclosing further trading venue information for its common stock, including any changes to its ticker symbol, once such information becomes available. About Tefron Tefron manufactures boutique-quality everyday seamless intimate apparel, active-wear and swimwear sold throughout the world by such name-brand marketers as Victoria's Secret, Nike, Target, The Gap, J. C. Penney, lululemon athletica, Warnaco/Calvin Klein, Patagonia, Reebok, Swimwear Anywhere, Abercombie&Fitch, and El Corte Englese, as well as other well known retailers and designer labels. The company's product line includes knitted briefs, bras, tank tops, boxers, leggings, crop, T-shirts, nightwear, bodysuits, swimwear, beach wear and active-wear. This press release contains certain forward-looking statements, within the meaning of Section 27A of the US Securities Act of 1933, as amended, Section 21E of the US Securities Exchange Act of 1934, as amended, and the safe harbor provisions of the US Private Securities Litigation Reform Act of 1995. We have based these forward-looking statements on our current expectations and projections about future events. Words such as "believe," "anticipate," "expect," "intend," "will," "plan," "could," "may," "project," "goal," "target," and similar expressions often identify forward-looking statements but are not the only way we identify these statements. Except for statements of historical fact contained herein, the matters set forth in this press release regarding our future performance and any statements regarding other future events or future prospects are forward-looking statements. These forward looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated in such forward-looking statements, including, but not limited to: - the OTCBB approving the quotation of our shares; - our customers' continued purchase of our products in the same volumes or on the same terms; - the cyclical nature of the clothing retail industry and the ongoing changes in fashion preferences; - the competitive nature of the markets in which we operate, including the ability of our competitors to enter into and compete in the seamless market in which we operate; - fluctuations in inflation and currency rates; - the potential adverse effect on our business resulting from our international operations, including increased custom duties and import quotas (e.g., in China, where we manufacture for our swimwear division); - the potential adverse effect on our future operating efficiency resulting from our expansion into new product lines with more complicated products, different raw materials and changes in market trends; - the purchase of new equipment that may be necessary as a result of our expansion into new product lines; - our dependence on our suppliers for our machinery and the maintenance of our machinery; - the fluctuations costs of raw materials; - our dependence on subcontractors in connection with our manufacturing process; - our failure to generate sufficient cash from our operations to pay our debt; and - political, economic, social, climatic risks, associated with international business and relating to operations in Israel; As well as certain other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Contacts Company Contact: IR Contact: Eran Rotem Ehud Helft / Kenny Green Chief Financial Officer G.K. Investor Relations +972-4-9900803 +1-646-201-9246 DATASOURCE: Tefron Ltd CONTACT: Contacts: Company Contact: Eran Rotem, Chief Financial Officer, +972-4-9900803, ; IR Contact: Ehud Helft / Kenny Green, G.K. Investor Relations, +1-646-201-9246,

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