EX-99.1
4
ex99-1.htm
PRESS RELEASE DATED AS OF NOVEMBER 27, 2006 OF KATY INDUSTRIES, INC.
Press Release dated as of November 27, 2006 of Katy Industries, Inc.
EXHIBIT
99.1
KATY
NEWS
FOR
IMMEDIATE RELEASE
KATY
INDUSTRIES, INC. ANNOUNCES
THE
SALE OF ITS UNITED KINGDOM
CONSUMER
PLASTICS BUSINESS
ARLINGTON,
VA - November 27, 2006 - Katy Industries, Inc. (NYSE: KT) today announced that
it has sold its United Kingdom consumer plastics business to Jardin
International Holding BV. The United Kingdom consumer plastics business of
Katy
manufactures and distributes a variety of home and consumer storage products
principally under the CONTICO brand name. These products are sold through major
home improvement and mass market retail outlets. The operations are located
in
Southwestern England. Katy's commercial plastics business in the UK is not
involved in the transaction and remains a part of Katy's core commercial
operations.
"This
transaction allows Katy to dedicate more management focus on its core
businesses", said Anthony T. Castor III, President and Chief Executive Officer
of Katy Industries. "We now look forward to enhancing the value of our
businesses that sell into commercial distribution and our electrical business
units."
This
press release may contain various forward-looking
statements.
The
forward-looking statements
are
based on the beliefs of Katy's
management, as well as assumptions made by, and information currently available
to, the
company's
management. Additionally,
the
forward-looking statements are
based
on Katy's
current expectations and projections about future events and trends affecting
the financial condition of its
business. The
forward-looking statements are subject to risks and uncertainties, detailed
from
time to time in Katy's filings with the SEC, that may lead to results that
differ materially from those expressed in any forward-looking statement made
by
the
company or on its behalf.
Katy undertakes no obligation to revise or update such statements to reflect
current events or circumstances after the date hereof or to reflect the
occurrence of unanticipated events.
Katy
Industries, Inc. is a diversified corporation with interests primarily in
Maintenance Products and Electrical Products.
Company
contact:
Katy
Industries, Inc.
Amir
Rosenthal
(703)
236-4300

EX - 99 . 1 4 ex99 - 1 . htm PRESS RELEASE DATED AS OF NOVEMBER 27 , 2006 OF KATY INDUSTRIES , INC . Press Release dated as of November 27 , 2006 of Katy Industries , Inc . EXHIBIT 99 . 1 KATY NEWS FOR IMMEDIATE RELEASE KATY INDUSTRIES , INC . ANNOUNCES THE SALE OF ITS UNITED KINGDOM CONSUMER PLASTICS BUSINESS ARLINGTON , VA - November 27 , 2006 - Katy Industries , Inc . ( NYSE : KT ) today announced that it has sold its United Kingdom consumer plastics business to Jardin International Holding BV . The United Kingdom consumer plastics business of Katy manufactures and distributes a variety of home and consumer storage products principally under the CONTICO brand name . These products are sold through major home improvement and mass market retail outlets . The operations are located in Southwestern England . Katy 's commercial plastics business in the UK is not involved in the transaction and remains a part of Katy 's core commercial operations . " This transaction allows Katy to dedicate more management focus on its core businesses " , said Anthony T . Castor III , President and Chief Executive Officer of Katy Industries . " We now look forward to enhancing the value of our businesses that sell into commercial distribution and our electrical business units . " This press release may contain various forward - looking statements . The forward - looking statements are based on the beliefs of Katy 's management , as well as assumptions made by , and information currently available to , the company 's management . Additionally , the forward - looking statements are based on Katy 's current expectations and projections about future events and trends affecting the financial condition of its business . The forward - looking statements are subject to risks and uncertainties , detailed from time to time in Katy 's filings with the SEC , that may lead to results that differ materially from those expressed in any forward - looking statement made by the company or on its behalf . Katy undertakes no obligation to revise or update such statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events . Katy Industries , Inc . is a diversified corporation with interests primarily in Maintenance Products and Electrical Products . Company contact : Katy Industries , Inc . Amir Rosenthal ( 703 ) 236 - 4300
O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O B-Parties.SELLING_COMPANY I-Parties.SELLING_COMPANY I-Parties.SELLING_COMPANY I-Parties.SELLING_COMPANY I-Parties.SELLING_COMPANY O O O O O O O O O O O O O O O O O O O B-Parties.SELLING_COMPANY I-Parties.SELLING_COMPANY I-Parties.SELLING_COMPANY I-Parties.SELLING_COMPANY I-Parties.SELLING_COMPANY O O O O O O O O O O O O O O O O O O B-Parties.BUYING_COMPANY I-Parties.BUYING_COMPANY I-Parties.BUYING_COMPANY I-Parties.BUYING_COMPANY O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O