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News
Releases:
November
8, 2002
Catalina Lighting, Inc Promotes Stephen G.
Marble to Chief Financial Officer
MIAMI, Nov. 8 -- Catalina Lighting Inc CALA,
a leading international designer, manufacturer, and distributor of lighting
products for residential and office environments, announced today the
appointment of Stephen G. Marble, 39, as its new Chief Financial Officer,
effective November 1, 2002.
Prior to his promotion, Marble, a CPA, served as the Company's Controller;
before joining Catalina, he was the controller of Navix Radiology Systems Inc
in Miami. Marble has over 17 years of experience in finance and accounting,
having served as a manager at Arthur Andersen LLP, controller of USA Finance
Inc, assistant controller at both Suncoast Savings and Loan Association and
Gemini Group Inc, and audit manager at Deloitte and Touche.
Catalina Lighting CEO Eric Bescoby commented, "We are delighted that
Steve is the Company's new CFO. With the energy and commitment to excellence
he brings to our operations, and his experience in the finance and accounting
industries, we believe Steve will help the Company continue to improve its
financial performance."
The Company also announced that Lynn Skillen, Catalina's former Chief
Financial Officer, has accepted a position with Sun Capital Partners,
Catalina's principal shareholder. Skillen will serve as Vice President and
will work with the Sun Capital portfolio companies, including Catalina, on
financial matters.
About Catalina Lighting Inc
Catalina Lighting Inc is a leading designer, manufacturer and marketer of
residential and office lighting products. The Company's broad product line
includes functional and decorative table lamps; ceiling, wall, recessed,
vanity and track lighting fixtures; emergency and outdoor lighting; and
chandeliers. Its line is distributed under several brand names, including
Catalina, Dana, Ring, Illuminada and Pro Office. The Company also functions as
an OEM, selling goods under its customers' private labels.
This press release includes statements that constitute
"forward-looking" statements, including, without limitation, that
services provided by Marble will help the Company to continue to improve its
financial performance. These statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements inherently involve risks and uncertainties that
could cause actual results to differ materially from the forward-looking
statements. Factors that would cause or contribute to such differences
include, but are not limited to, the termination of Marble's employment with
the Company; an adverse change in the Company's financial condition due to
matters outside of the Company's control; and other risks detailed in the
Company's periodic reports filed with the Securities and Exchange Commission.
By making these forward-looking statements, the Company undertakes no
obligation to update these statements for revisions or changes after the date
of this release.
CONTACT: Steve Marble, CFO, Catalina Lighting, +1-305-558-4777, ext. 269
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