Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: THURSDAY, February 16, 1995                   TAG: 9502160083
SECTION: BUSINESS                    PAGE: B-8   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Medium

IN BUSINESS

Directors of Bassett Furniture Industries Inc. elected two corporate vice presidents at their organization meeting Wednesday.

They are J. Stanley Payne, who also is vice president and general counsel, and Johne Albanese, director of advertising.

Michael Norris, who heads the Impact manufacturing division based in Hickory, N.C., was elected an operating vice president.

The board meeting followed a brief annual meeting of stockholders at which 11 outside directors were re-elected. Five other directors who are officers of the company stepped down because the company had too many inside directors under current rules of the Securities and Exchange Commission.

Chairman Robert H. Spilman described to stockholders the company's new Bassett Direct Plus program, which was announced in October. Under the new program, the two independent dealers participating display and sell only Bassett products.

- Staff report

9 furniture makers to show in Mexico

Nine central and Western Virginia furnishings manufacturers will exhibit for the first time this week at the Asociacion de Fabricantes de Muebles de Jalisco, Mexico's major wholesale furniture market. Organized by the Virginia Department of Economic Development, the first-time exhibitors are Sam Moore Furniture Industries of Bedford; Shenandoah Furniture Inc., Collinsville; Silvermist Art Inc., Lynchburg; Mario Industries, Roanoke; Finial Showcase, Vinton; DSF Furniture, South Boston; Vaughan Furniture Co. Inc., Galax; Mariani Contract Furniture Inc, Lynchburg; and Bassett Mirror Co. Inc., Bassett.

Singer Furniture Co. of Roanoke; Pulaski Furniture Co., Pulaski; and Rowe Furniture Co., Salem, also will be at the show.

- Staff report