Exhibit 99.2

                     BNS Co. Amends Shareholder Rights Plan

NORTH KINGSTOWN, R.I.-- Oct. 11, 2002--BNS Co. (OTCBB:BNSXA) announced that the
Board of Directors authorized an amendment to the Company's Rights Plan to
increase the threshold from 20% to 45% as to the amount of the Company's
outstanding common stock that a person must beneficially own before being deemed
to be an Acquiring Person under the Rights Plan and to reduce the Purchase Price
for each one-hundredth share of Series B Participating Preferred Stock under the
Rights Plan from $40.00 per share to $12.00 per share.

CONTACT: BNS Co.
         Andrew C. Genor, 401/886-7415