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                                                                    EXHIBIT 20.1

FOR IMMEDIATE RELEASE
Date:    November 16, 1995
Contact:   David H. Taylor
           (803)239-3900 Fax: (803)271-9939


            JPS TEXTILE GROUP, INC. CLOSES SALE OF CARPET SUBSIDIARY


Greenville, South Carolina -- JPS Textile Group, Inc. announced today that it
has completed the previously announced sale of the business of its carpet
subsidiary, JPS Carpet Corp., to Gulistan Holdings Inc.  Gulistan Holdings Inc.
was formed and is owned by certain members of the former management team at JPS
Carpet Corp.

JPS Textile Group received approximately $22.5 million in cash and certain
other debt and equity securities of Gulistan Holdings as follows: a $10 million
Promissory Note due in November 2001, $5 million preferred stock redeemable in
November 2005, and warrants to purchase 25% of the common shares of Gulistan
Holdings Inc.  The Company estimates that the fair value of the debt and equity
securities is approximately $11.3 million.

The Company will apply the net cash proceeds of approximately $22.5 million to
reduce outstanding borrowings under its bank credit agreement.  In connection
with the sale, the Company's bank credit facility was amended to, among other
things, reduce the maximum allowable amount of revolving loans from $135
million to $118 million.

For the nine-month period ended July 29, 1995, JPS's financial statements
included results of the carpet business totalling approximately $90 million in
net sales, $4 million in operating loss, and $0.3 million in EBITDA.  Such
results have heretofore been classified in the Home Fashion Textiles segment in
the Company's financial statements.  The Company expects to report these
results as discontinued operations and record a loss on the sale of
approximately $26 million.
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JPS Textile Group is one of the largest diversified domestic manufacturers of
textile and textile related products, principally for the apparel fabric,
industrial and home fashion markets.