EX-99.1
2
dp03221_ex9901.htm
EXHIBIT
99.1
CONTACT:
-OR-
INVESTOR RELATIONS FIRM:
Jacuzzi Brands, Inc.
The Equity Group Inc.
Diana Burton, VP - Investor Relations
Devin Sullivan
(561)
514-3850
(212)836-9608
FOR IMMEDIATE RELEASE
JACUZZI BRANDS ANNOUNCES COMPLETED
SALE OF ALL SHARES OF SPEAR & JACKSON
WEST PALM BEACH, FL, July 28, 2006 -- Jacuzzi Brands, Inc.
(
NYSE: JJZ
) today announced that it has completed the previously announced sale of all of its shares of common stock of Spear &
Jackson, Inc. (OTC: SJCK.PK) to United Pacific Industries Limited ("UPI") for US$1.40 per share for an aggregate purchase price of US$4,960,593. Jacuzzi Brands has not retained any interest in Spear & Jackson.
Jacuzzi Brands, Inc., through its subsidiaries, is a global manufacturer and distributor of branded bath and plumbing products for the residential, commercial and institutional markets. These include whirlpool baths, spas, showers, sanitary
ware and bathtubs, as well as professional grade drainage, water control, commercial faucets and other plumbing products. Our products are marketed under our portfolio of brand names, including JACUZZI
®
,
SUNDANCE
®
, ZURN
®
, and ASTRACAST
®
. Learn more at
www.jacuzzibrands.com
.
Disclosure Concerning Forward-Looking Statements
Any
forward-looking statements made within this release including the Company's current expectations with respect to future market conditions, future operating results and other plans, represent management's best
judgment as to what may occur in the future and are intended to fall within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "expects", "intends", "plans", "projects,"
"believes", "estimates", "may", "will", "should", "shall", and similar expressions typically identify such forward-looking statements. Even though the Company believes the expectations
reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. In particular, various economic and competitive factors, including those outside our control, such as
interest rates, foreign currency exchange rates, inflation rates, instability in domestic and foreign financial markets, terrorist acts, consumer spending patterns, energy costs and availability, freight costs, availability of consumer and
commercial credit, adverse weather, levels of residential and commercial construction, and changes in raw material and component costs, and the credit worthiness of our customers, insurers, and investees, and other factors contained in the
Company's filings with the Securities and Exchange Commission could cause
our actual results during the remainder of 2006 and in the future years to differ
materially from those expressed in this press release.
Jacuzzi Brands, Inc. • 777 So. Flagler
Drive, Suite 1100-West • West Palm Beach, FL 33401-6161 •Tel:
561-514-3838 •Fax: 561-514-3867

EX - 99 . 1 2 dp03221 _ ex9901 . htm EXHIBIT 99 . 1 CONTACT : - OR - INVESTOR RELATIONS FIRM : Jacuzzi Brands , Inc . The Equity Group Inc . Diana Burton , VP - Investor Relations Devin Sullivan ( 561 ) 514 - 3850 ( 212 ) 836 - 9608 FOR IMMEDIATE RELEASE JACUZZI BRANDS ANNOUNCES COMPLETED SALE OF ALL SHARES OF SPEAR & JACKSON WEST PALM BEACH , FL , July 28 , 2006 -- Jacuzzi Brands , Inc . ( NYSE : JJZ ) today announced that it has completed the previously announced sale of all of its shares of common stock of Spear & Jackson , Inc . ( OTC : SJCK . PK ) to United Pacific Industries Limited ( " UPI " ) for US$ 1.40 per share for an aggregate purchase price of US$ 4,960,593 . Jacuzzi Brands has not retained any interest in Spear & Jackson . Jacuzzi Brands , Inc . , through its subsidiaries , is a global manufacturer and distributor of branded bath and plumbing products for the residential , commercial and institutional markets . These include whirlpool baths , spas , showers , sanitary ware and bathtubs , as well as professional grade drainage , water control , commercial faucets and other plumbing products . Our products are marketed under our portfolio of brand names , including JACUZZI ® , SUNDANCE ® , ZURN ® , and ASTRACAST ® . Learn more at www.jacuzzibrands.com . Disclosure Concerning Forward - Looking Statements Any forward - looking statements made within this release including the Company 's current expectations with respect to future market conditions , future operating results and other plans , represent management ' s best judgment as to what may occur in the future and are intended to fall within the meaning of the Private Securities Litigation Reform Act of 1995 . Words such as " expects " , " intends " , " plans " , " projects , " " believes " , " estimates " , " may " , " will " , " should " , " shall " , and similar expressions typically identify such forward - looking statements . Even though the Company believes the expectations reflected in such forward - looking statements are based on reasonable assumptions , it can give no assurance that its expectations will be attained . In particular , various economic and competitive factors , including those outside our control , such as interest rates , foreign currency exchange rates , inflation rates , instability in domestic and foreign financial markets , terrorist acts , consumer spending patterns , energy costs and availability , freight costs , availability of consumer and commercial credit , adverse weather , levels of residential and commercial construction , and changes in raw material and component costs , and the credit worthiness of our customers , insurers , and investees , and other factors contained in the Company 's filings with the Securities and Exchange Commission could cause our actual results during the remainder of 2006 and in the future years to differ materially from those expressed in this press release . Jacuzzi Brands , Inc . • 777 So . Flagler Drive , Suite 1100 - West • West Palm Beach , FL 33401 - 6161 • Tel : 561 - 514 - 3838 • Fax : 561 - 514 - 3867