FOR IMMEDIATE RELEASE
November 25, 1996

                  TAPISTRON INTERNATIONAL ANNOUNCES THE FILING
               OF ITS PLAN OF REORGANIZATION; INVESTMENT BANKING
                  AGREEMENT WITH AVONWOOD CAPITAL CORPORATION

RINGGOLD, Georgia - Tapistron International, Inc. (Symbols: TAP1Q and TAPIWQ)

Tapistron   International   today   announced  that  it  has  filed  a  Plan  of
Reorganization with the United States Bankruptcy Court.

Tapistron also announced that, in order to implement its Plan of Reorganization,
it has entered  into an  investment  banking  agreement  with  Avonwood  Capital
Corporation of Philadelphia,  Pennsylvania.  Under the agreement,  Avonwood will
advise and assist Tapistron with its efforts to raise a total of $2.5 million to
implement its Plan of Reorganization and to re-capitalize the company.

Tapistron  also  announced  that it has entered into an agreement with Avonwood,
pursuant to which Avonwood will assist  Tapistron in obtaining a $500,000 credit
facility to provide  Tapistron with working  capital,  pending  confirmation  of
Tapistron's Plan of Reorganization.

CONTACT:

Darwin Poe
President
(706) 965-9300