Contact: Allen & Caron Catalina Lighting, Inc.
Jesse Deal (investors) Anthony Borzillo
jesse@allencaron.com Chief Financial Officer
(212) 691-8087 (305) 558-4777
CATALINA
LIGHTING ACQUIRES TENSOR CORPORATION,
A
LEADING DISTRIBUTOR OF TASK LIGHTING PRODUCTS
MIAMI
(November 23, 2005) … Catalina Lighting, Inc. (OTCPK:CALA), a leading
international manufacturer, designer, and distributor of lighting products for
residential and office environments, today announced that it has purchased
Tensor Corporation (“Tensor”), a Boston-based international designer,
manufacturer, and distributor of lighting products for residential and office
environments. Tensor CEO and sole owner, Roger Sherman, will join Catalina
Lighting in a senior sales capacity. Terms of the transaction were not
disclosed.
Robert Varakian, CEO of Catalina Lighting, commented,
"We are very pleased to be able to add Tensor Corporation brand to our
collection of product offerings. Tensor has done an excellent job in developing
its desk lighting category, particularly its ‘Vision Max’ daylight lighting
program. We hope to enhance the value of Tensor’s assets by leveraging Catalina’s
international design, manufacturing, and sourcing capabilities.”
Roger Sherman, CEO of Tensor, said, “I am excited to be
joining the Catalina team. The additional capabilities that Catalina offers
will be a major asset in growing Tensor’s brand and expanding its range of
product offerings to our customer base going forward.”
About Catalina Lighting, Inc.
Catalina Lighting, Inc. (OTCPK:CALA) is a leading
international designer, manufacturer, and distributor 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 Aziano™. The Company also functions as an original equipment
manufacturer, selling goods under its customers' private labels.
Forward Looking Statement
This press release includes statements that constitute
“forward-looking” statements, including, without limitation, that the Company
anticipates that the Company’s common stock will be quoted on the Pink Sheets,
and believes that deregistering will reduce certain expenses and enable
management to focus more time and resources on the operations of the
Company. 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. The risks and uncertainties that may affect the operations,
performance, growth, and results of the Company’s business include, but are not
limited to, the following: failure to have at least one market maker continue
to make a market in the Company’s common stock on the Pink Sheets following
delisting and deregistration; becoming subject to the Exchange Act in the
future due to the filing of a registration statement; economic factors,
regulatory changes or legislative enactments that adversely affect the
Company’s business; and other risks detailed in the Company’s periodic filings
with the Securities and Exchange Commission. The forward-looking statements
included herein are made as of the date of this press release and the Company
undertakes no obligation to update these statements for revisions or changes
after the date of this release.