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News Releases: May 16, 2002 

 

CATALINA LIGHTING TEAMS WITH CHRISTOPHER LOWELL FOR PRE-COORDINATED LIGHTING SOLUTIONS

MIAMI, Florida (May 16, 2002) – Catalina Lighting, Inc. (OTC Bulletin Board: “CALI.OB”), a leading international designer, manufacturer and distributor of lighting products for residential and office environments, today announced it has signed an exclusive agreement with Christopher Lowell, Emmy Award-winning designer, author and television personality, to produce decorative lighting under the Christopher Lowell brand.

Lowell, the enormously popular host of The Christopher Lowell Show, Discovery Channel’s highest-rated daytime series, is also author of a best-selling book, Christopher Lowell’s Seven Layers of Design.  In both his television show and book, Lowell helps consumers solve decorating dilemmas and create room design projects sequentially and without fear, empowering them to create spaces that fit their lifestyles.

Eric Bescoby, Catalina's Chief Executive Officer, stated, "We are very pleased about our new relationship with Christopher Lowell, in light of his talent and his reputation for quality in the design industry.  We look forward to the prospect of providing our customers with products from his collection for years to come."   

The Christopher Lowell Lighting CollectionÔ will feature products that fit into Lowell's concept of “stress-free, pre-coordinated solutions for the home.” Consumers may choose pre-coordinated lighting solutions from four lifestyle design categories: Town, Country, City and Shore. These lighting options will be complementary in scale, style and color to Lowell’s furniture and home décor product lines, already available nationwide.

The Christopher Lowell Lighting CollectionÔ was introduced at Highpoint Furniture Market in April 2002.  The full line will be launched at the October 2002 Highpoint Market.

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Christopher Lowell Enterprises is parent company to subsidiaries Christopher Lowell, Inc., Christopher Lowell Productions and Visual Media, Inc.  Christopher Lowell Inc., designs and markets home decor and consumer lifestyle products including furniture, window treatments, bed and bath, framed art, decorative accessories and designer paint, sold nationwide at retail outlets such as Burlington Coat Factory, Flexsteel Comfort Seating and HSN/Home Shopping Network.  Christopher Lowell Productions produces the Emmy Award-winning Christopher Lowell Show, Discovery Channel’s highest-rated daytime series.  Both the Christopher Lowell Show and Christopher Lowell’s product lines are built on the principles outlined in his successful how-to book, Christopher Lowell’s Seven Layers of Design (Discovery Books/Clarkson-Potter, 2000).  Visual Media, Inc. is Lowell’s integrated marketing firm that develops consistent branding material for Christopher Lowell Enterprises and other consumer products.

Catalina Lighting, Inc. is a leading international designer, manufacturer and distributor of a broad range of lighting fixtures and lamps, under the Catalina®, Dana®, Ring® and Illuminada® trade names.  Catalina also functions as an original equipment manufacturer, selling goods under its customers' private labels. Catalina sells its products principally in the United States, the United Kingdom, continental Europe, Canada, and Mexico.

This press release includes statements that constitute “forward-looking” statements, some of which contain the words “believes”, “anticipates”, “estimates”, “is optimistic”, “expects” or similar expressions.  These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.  Forward-looking statements inherently involve known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements.  Factors that would cause or contribute to such differences include, but are not limited to, the termination of, or material change to, the Company's exclusive agreement with Christopher Lowell; general domestic and international economic conditions which may affect consumer spending; reliance on key customers who may delay, cancel or fail to place orders; continued acceptance of the Company’s products in the marketplace; new products and technological changes; pressures on product prices and pricing inventories; increases in the costs of labor and raw materials; dependence upon third-party vendors and imports from China, which may limit the Company’s margins or affect the timing of revenue and sales recognition; competitive developments, changes in manufacturing and transportation costs, the availability of capital, the ability to satisfy the terms and covenants of credit and loan agreements, and the impact of increases in borrowing costs, each of which affect the Company’s short-term and long-term liquidity; foreign currency exchange rates; changes in the Company’s effective tax rate and other risks detailed in the Company’s periodic filings with the Securities and Exchange Commission.  The Company undertakes no obligation to update or correct these forward-looking statements at any time for any reason after the date of this release.


 [A1]Contact:  Lynn Skillen

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