Andrew Genor to Head Xygent Inc.

Warwick, Rhode Island, January 23, 2002 -- BNS Co. (NYSE: BNS - news) announced today that Andrew C. Genor has been named President and Chief Executive Officer of Xygent Inc., a consolidated subsidiary of BNS Co. Mr. Genor is also President and Chief Executive Officer of BNS Co. Reporting to Mr. Genor will be Clay Tornquist, Director of Software Development; Ken Sheehan, Director of Marketing; and Bill Hoverter, Director of Sales, as well as Xygent's managing directors in the UK, France, Germany and Italy. He replaces Christopher J. Garcia.

"Xygent has a strong offering and a bright future," said Mr. Genor. "I am confident we will continue to grow and expand our user base in 2002 and well beyond, based on our unique architecture and development vision."

About Xygent Inc.

Formerly Brown & Sharpe Information Systems division, Xygent Inc. was launched by parent organization BNS Co. (NYSE: BNS - news) in 2001. Since 1997, Xygent has been pursuing the development of an enterprise-wide, open-architecture metrology and applications suite to drive and analyze the collection of manufacturing measurement data. The resulting XactCOM metrology architecture may operate with any inspection device that measures, including CMMs, non-contact vision systems, digitally enabled hand tools, CNC machine tools and fixture gage inspection devices. Xygent's global software development team worked together to develop XactCOM through its offices in London; Torino, Italy; and Wetzlar, Germany, as well as the company's headquarters in Warwick, R.I.

     BNS Co.
     Andrew C. Genor
     (401) 244-4502

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