WLM Wellman

Wellman, Inc. (NYSE: WLM) announced that it has sold the equipment used to manufacture Wellstrand� fiber and licensed the use of the Wellstrand� name in the United States to David C. Poole Company, Inc., a major distributor of synthetic staple fibers, headquartered n Greenville, S.C. Thomas M. Duff, Wellman�s Chairman and Chief Executive Officer, stated, "The sale of these assets reflects our strategy to focus on our chemical-based business.� David Poole, President of David C. Poole Company, Inc. commented, �I am pleased to add Wellstrand�, a specialty coarse denier polyester staple fiber, to our family of product offerings. We have already resumed manufacturing Wellstrand� fiber in Johnsonville, S.C. Our product, which is manufactured primarily from post-consumer recycled raw materials, is ideal for various industrial applications. Wellstrand� fiber is available in a variety of deniers ranging from 45 to 500 dpf.� Wellman, Inc. manufactures and markets high-quality polyester products, including PermaClear� brand PET (polyethylene terephthalate) packaging resin and Fortrel� brand polyester fiber. David C. Poole Company, Inc. is major a distributor of synthetic staple fibers and PET bottle grade resins. Forward-Looking Statements Statements contained in this release that are not historical facts are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. In addition, words such as "believes," "expects," "anticipates," and similar expressions are intended to identify forward-looking statements. These statements are made as of the date hereof based upon current expectations, and we undertake no obligation to update this information contained herein. These forward-looking statements involve certain risks and uncertainties, including, but not limited to: reduced raw material margins; availability and cost of raw materials; reduced sales volumes; increase in costs; volumes of textile imports; prices and volumes of polyester staple fiber and PET resin imports; the actions of our competitors; the financial condition of our customers; availability of financing, changes in financial markets, interest rates, credit ratings, tax risks; inability to execute our strategy; environmental risks and foreign currency exchange rates; natural disasters; regulatory changes; U.S., European, Asian and global economic conditions; work stoppages; levels of production capacity and profitable operations of assets; prices of competing products; acts of terrorism; and maintaining the operations of our existing production facilities. Actual results may differ materially from those expressed herein. Results of operations in any past period should not be considered indicative of results to be expected in future periods. Fluctuations in operating results may result in fluctuations in the price of our common stock. For a more complete description of the prominent risks and uncertainties inherent in our business, see our Form 10-K for the year ended December 31, 2006.