Velcro Industries N.V. announces that it is applying to revoke its reporting issuer status

    (NASDAQ:   VELC)

    CURACAO, Netherlands Antilles, Aug. 13 /CNW/ - Velcro Industries N.V.
(the "Company") holding company for the Velcro Companies is applying to the
securities regulatory authority (the Autorité des Marchés Financiers) in the
Province of Québec, Canada to revoke its reporting issuer status in the
Province of Québec. If the Autorité approves the Company's application, the
Company will no longer be a reporting issuer in any jurisdiction in Canada.
The Company will continue to deliver to its shareholders resident in Québec
all disclosures which the Company delivers to its shareholders resident in the
United States and elsewhere.

For further information:

For further information: Peter A. Pelletier, Secretary of Velcro
Industries N.V., (603) 222-4884,

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