GRAND RAPIDS, MI (January 21, 2005) Bridge Street Capital Partners, LLC announced today that an equity investment has been made by its affiliate Bridge Street Capital Fund I, L.P. in Performance Fabrics, Inc. Performance Fabrics designs, sources, merchandises and distributes industrial personal protective equipment marketed under its HexArmor brand name. Its products utilize a licensed fabric technology which provides superior resistance to cuts, abrasions and punctures. The products are used by workers in a variety of industrial applications, including food and meat processing, waste management and recycling, and medical research, among others. The proceeds of the investment will be used by Performance Fabrics to fund working capital needs created by its rapid growth. Performance Fabrics is based in Grand Rapids, Michigan.

Bridge Street Capital is a private equity fund investing in middle market companies throughout the Midwest. Bridge Street Capital will primarily invest in profitable, growth companies that face a transition of ownership or are looking for growth capital, with revenues ranging from $5 - $50 million. Bridge Street Capital will partner with management teams in a broad range of industries, including industrial manufacturing, distribution and logistics, consumer products, healthcare and business services. Bridge Street Capital has offices in Grand Rapids, Michigan and Chicago, Illinois.

To learn more about Bridge Street Capital, please visit our website at www.bridgestreetcapital.com.

For more information on Performance Fabrics, see their website at www.hexarmor.com.