CURACAO, Netherlands Antilles, Nov. 9 /PRNewswire-FirstCall/ -- Velcro
Industries N.V. (the "Company") (Nasdaq: VELC), holding company for the
Velcro companies and the industry leader in hook and loop fasteners, today
announced that it has accepted for payment a total of 2,594,375 shares
validly tendered in its cash tender offer to purchase all outstanding
shares of its common stock. The tender offer expired at 5:00 p.m., New York
City time, on Monday, November 5, 2007. After giving effect to the purchase
of validly tendered shares, approximately 1,163,000 shares, representing
less than 5% of the Company's outstanding common stock, will be held by
shareholders other than the Company's majority shareholder.
    About Velcro Industries N.V.
    Velcro Industries N.V. (Nasdaq: VELC) is incorporated and domiciled in
Curacao, Netherlands Antilles as a Naamloze Vennootschap (public limited
liability company) and acts as the holding company of the Velcro companies,
which are primarily involved in the manufacturing and sales of VELCRO(R)
and TEXACRO(R) brand fasteners, ULTRA-MATE(R) brand hook fasteners, and
ONE- WRAP(R) brand straps throughout the world.

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