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News Releases:
November
4, 2002
CATALINA
LIGHTING INC SELECTS ALLEN & CARON FOR CORPORATE COMMUNICATIONS, INVESTOR
& MEDIA RELATIONS
MIAMI (November 4, 2002) … Catalina Lighting Inc (Nasdaq:CALA), a leading
international designer, manufacturer, and distributor of lighting products for
residential and office environments, announced today that it has selected
Allen & Caron Inc as its corporate communications, investor relations and
media relations agency.
Catalina’s diverse product line is comprised
primarily of table and floor lamps; lighting fixtures, including ceiling,
wall, recessed, vanity and track lighting fixtures; emergency and outdoor
lighting; and chandeliers, and is sold through a variety of retailers. The
Company also produces industrial consumables, products for the automotive
aftermarket, and train and bus lighting. Catalina’s UK-based Ring Limited is
a wholesaler and distributor; its Chinese subsidiary, Go-Gro Industries Ltd,
operates as an original equipment manufacturer, but also purchases products
from independent suppliers.
Catalina
Lighting CEO Eric Bescoby commented, "We have selected Allen & Caron
due to their experience and ability to assist us in properly positioning the
Company and increasing our visibility within the investment community.
We believe Allen & Caron will help us in the dissemination of
corporate information to the investment community, as well as to industry and
financial media.”
Allen
& Caron Chairman and CEO Joe Allen said, "We believe Catalina
Lighting will present a compelling story to today's value-conscious
institutional investors. We will be helping introduce the Company to a broader
audience of investors and media both in the United States and throughout
Europe. We believe that as savvy investors begin to understand the value
that Catalina offers, shareholders will benefit from increased liquidity and
enhanced valuation."
About Allen & Caron Inc
Allen & Caron Inc is a
full service corporate, investor and marketing communications agency serving
the needs of public companies. Allen & Caron's client base includes
emerging growth companies in a range of industry segments. It maintains offices in Irvine, California, New York City and
London.
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 the
Company’s retention of Allen & Caron will aid in increasing the
Company’s visibility among investors, introduce the Company to a broad
investor base, and increase the liquidity and valuation of the Company's
securities. 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 the relationship between the Company and Allen & Caron; the
absence of investors interested in trading in the Company's common stock; an
adverse change in the Company's financial condition; 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.
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