Southridge Capital Management LLC Managed Funds Provide Up to $15M Financing to Tefron Ltd.

Southridge Capital Management LLC, a private investment firm that provides growth capital to small and microcap companies, is pleased to announce a financing facility of up to $15 million between funds it advises and Tefron Ltd. (NYSE: TFR).

RIDGEFIELD, CT (PRWEB) March 12, 2004 -- Southridge Capital Management LLC ("Southridge"), a private investment firm that provides growth capital to small and microcap companies, is pleased to announce a financing facility of up to $15 million between funds it advises and Tefron Ltd. (NYSE: TFR).

Tefron manufactures raw materials for intimate apparel and active wear. The Company's products are sold throughout the world by brand-name marketers such as Victoria's Secret, Gap, Banana Republic, Target and J.C. Penney. Tefron's product line includes knitted briefs, tank tops, loungewear, nightwear, bras, t-shirts, swimwear, beachwear and bodysuits.

Yos Shiran, Chief Executive Officer of Tefron, said, "The funding Southridge will provide us will be instrumental in meeting increased demand for apparel due to the strengthening United States and global economies. We believe we are well-positioned to take full advantage of this trend and look forward to a long and close relationship with Southridge as our financial partner."

"We are very excited about our relationship with Tefron," said Stephen Hicks, Founding Principal, Southridge Capital Management. As a New York Stock Exchange-listed company, Tefron is already well-known in retail and financial circles, and we are proud to be associated with them."

About Southridge
Since its founding in 1996, Southridge advised funds have provided in excess of $1.25 billion in growth capital to emerging companies. Southridge is committed to funding companies with robust business models in the U.S. and Europe.

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