Exhibit 99.1



          Culp Announces Strategic Alliance for Decorative Upholstery
                            Fabric Finishing Services


     HIGH POINT,  N.C.--(BUSINESS  WIRE)--Oct.  3, 2005--Culp,  Inc.  (NYSE:CFI)
today  announced a plan to  strategically  align with  Synthetics  Finishing,  a
division  of TSG  Incorporated,  to provide  finishing  services to Culp for its
domestically  produced decorative  upholstery fabrics.  Synthetics Finishing has
over 100 years experience as a leading U.S. commission finisher and, in addition
to  finishing  services,  will  collaborate  with Culp on  research  and product
development  activities.  As a result,  Culp will close its  finishing  plant in
Burlington,  North Carolina,  thereby  reducing the number of Culp associates by
approximately 100 people. This transition is expected to be completed in January
2006.
     The company expects total pre-tax charges of approximately $2.7 million, of
which $2.1 million is expected to be non-cash items. The charges are expected to
be recorded in the second and third quarters of fiscal 2006.
     "We are delighted to have the opportunity to extend our  relationship  with
Culp into this new strategic  partnership,"  noted Jack Rosenstein,  chairman of
TSG  Incorporated.  "Both of our companies share the same commitment to customer
service and we look  forward to providing  the high quality of fabric  finishing
that their  customers have learned to expect.  Likewise,  we are both focused on
innovation  and growth and we are excited about  working  together to expand our
capabilities."
     Commenting on the  announcement,  Robert G. Culp,  III,  chairman and chief
executive officer of Culp, Inc., said, "As the global  marketplace  continues to
evolve, we are transitioning Culp's business model to one that is more agile and
less capital intensive. We believe that establishing a cooperative manufacturing
alliance with an experienced supplier such as Synthetics Finishing will allow us
to  maintain  the same high  standards  of quality  control  and service for our
customers on a more cost-effective  basis. In addition, we are excited about the
increased  opportunities  for development of innovative  applications to enhance
fabric performance.
     "Once this initiative is completed, Culp will have three U.S. manufacturing
facilities operating in the upholstery fabrics segment - one for velvet fabrics,
one for decorative  fabrics and one for specialty yarns. In addition,  we have a
growing operation in China. We are pleased with the progress we are making as we
transition our business and position the company for growth over the long term,"
added Culp.
     Culp, Inc. is one of the world's largest  marketers of mattress fabrics for
bedding and  upholstery  fabrics for furniture.  The company's  fabrics are used
principally in the production of bedding products and residential and commercial
upholstered furniture.
     This  release  contains  statements  that  may be  deemed  "forward-looking
statements"  within the meaning of the federal  securities  laws,  including the
Private Securities  Litigation Reform Act of 1995 (Section 27A of the Securities
Act of 1933 and Section 27A of the  Securities  and Exchange Act of 1934).  Such
statements  are  inherently  subject  to  risks  and   uncertainties.   Further,
forward-looking  statements  are  intended to speak only as of the date on which
they  are  made.   Forward-looking   statements  are  statements   that  include
projections, expectations or beliefs about future events or results or otherwise
are not statements of historical  fact. Such statements are often but not always
characterized  by  qualifying  words such as  "expect,"  "believe,"  "estimate,"
"plan" and "project" and their  derivatives,  and include but are not limited to
statements about  expectations for the company's future  operations,  production
levels, sales, expenses, profit margins, earnings or other performance measures.
Factors that could influence the matters  discussed in such  statements  include
the level of housing starts and sales of existing  homes,  consumer  confidence,
trends in disposable income, and general economic conditions. Decreases in these
economic  indicators could have a negative effect on the Company's  business and
prospects.  Likewise,  increases in interest rates,  particularly  home mortgage
rates,  and increases in consumer  debt or the general rate of inflation,  could
affect the Company  adversely.  Changes in consumer tastes or preferences toward
products  not  produced by the  Company  could  erode  demand for the  Company's
products.  In addition,  growth in  competition  from imported  fabrics and home
furnishings could increase overall  competition,  especially price  competition,
for  the  Company's  products.  Also,  economic  and  political  instability  in
international areas could affect the Company's operations or sources of goods in
those  areas,  as well as demand for the  Company's  products  in  international
markets.  Finally,  unanticipated  delays  or costs in  executing  restructuring
actions could cause the cumulative  effect of  restructuring  actions to fail to
meet the objectives set forth by management. Other factors that could affect the
matters  discussed in  forward-looking  statements are included in the Company's
periodic reports filed with the Securities and Exchange Commission.

     CONTACT: Culp, Inc.
              Investors: Kathy J. Hardy, 336-888-6209
              or
              Media: Kenneth M. Ludwig, 336-889-5161