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                                                       Exhibit 99

     Danville, Virginia, October 15, 2003. Dan River Inc. (NYSE: DRF) filed
a Current Report on Form 8-K on October 14, 2003 and issued a corresponding
news release today, in which the Company disclosed that it had entered into
an amendment and waiver agreement whereby its senior secured lenders have
waived a violation of the maximum leverage ratio covenant contained in its
credit facility for the third quarter of fiscal 2003.  The following
comments are in response to questions proffered to the Company by investors
in response to disclosure of the covenant shortfall.

     Net sales for the third quarter of fiscal 2003 were $103.7 million,
down $43.7 million or 30% from $147.4 million for the third quarter of
fiscal 2002. Sales of Dan River's home fashions products were $76.4
million, down $29.5 million or 28% compared to the same quarter of last
year. Sales of apparel fabrics were $20.5 million, down $10.7 million or
34%. Sales of engineered products were $6.8 million, down $3.5 million or
34%.  Coming into the third quarter, the Company expected sales to improve
during the second half of fiscal 2003; however, the Company experienced a
sales decline during the third quarter.  EBITDA as defined under the
Company's credit facility is expected to be positive but short of the
amount required to meet the maximum leverage covenant for the third quarter
of fiscal 2003.

     In its 8-K filing on October 14, 2003, the Company provided the form
of the amendment and waiver so that investors could reference the terms and
conditions of the waiver. Minimum EBITDA covenants, as defined, were added
for each fiscal period of the fourth quarter. Under the terms of the
amendment, for the fourth quarter of fiscal 2003 EBITDA is generally
defined to be business segment operating income or loss plus depreciation
and amortization.  The added covenants reflect the Company's expectation
that sales in the fourth quarter of fiscal 2003 will be at approximately
the same levels as they were in the third quarter of fiscal 2003.  Since
the Company's sales fell short of expectations in the third quarter of
fiscal 2003 and are expected to remain at those levels in the fourth
quarter, the Company plans to curtail a large portion of its operations for
extended periods during the fourth quarter in order to keep inventories in
line.  The cost of these curtailments will negatively impact the fiscal
fourth quarter results.  The fourth quarter will also be impacted by the
normal amortization of capitalized manufacturing variances associated
primarily with the low levels of manufacturing activity in the third
quarter.  Additionally, fiscal 2003 is a 53 week fiscal year and the fourth
quarter is a 14 week fiscal quarter which will burden the quarter with an
additional week of fixed cost and SG&A expense during a very weak
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sales period.  For these reasons, the Company is anticipating negative
EBITDA for the fourth quarter.

     The Company has agreed to engage a financial advisor to assist it in
reviewing its fiscal 2004 projections as well as to assist it in securing
future waivers or amendments that may be necessary to remain in compliance
with the Company's senior secured credit facility.

     The Company expects to release its fiscal third quarter results in the
second week of November, which is later than the usual release date.  The
additional time is necessary so that the Company can complete an impairment
analysis of its goodwill which is required as a result of recent operating
performance.  It is likely that the evaluation will result in a non-cash
charge for goodwill impairment of up to $91.7 million being included in
operating results for the fiscal third quarter.

     On October 15, 2003, the Company paid the semi-annual interest payment
under its $157 million, 12.75% senior notes issued April 15, 2003. After
giving effect to the interest payment, the Company's availability under its
revolver was $28.8 million.

     The Company has scheduled a conference call to discuss the contents of
this release and its 8-K filing on Friday, October 17, 2003 at 1:30 P.M.
E.D.T.  The live broadcast and replay will be available from the Dan River
home page at http://www.danriver.com(select "Investors"-Announcements).

FORWARD-LOOKING STATEMENTS: This news release contains forward-looking
statements under applicable securities laws. The Company believes its
forward-looking statements are reasonable; however, undue reliance should
not be placed on such statements, which are based on current expectations.
The Company's financial condition and results of operations could be
materially and adversely affected by numerous market and industry factors
outside of its control.  In particular, weak demand for the Company's
products has had an adverse effect on its operating results. Consequently,
no assurance can be given that the Company will be able to comply with the
requirements set forth in the amendment and waiver agreement.  In addition,
absent improvement, the weak demand for the Company's products could
adversely affect its negotiations with its lenders and have a resultant
material adverse effect on liquidity.  Additional risks associated with the
Company's business are detailed in its annual report on Form 10-K filed
with the SEC on February 21, 2003.