Anthony & Sylvan Pools Corporation Announces Nine-Month Financial Results

Anthony & Sylvan Pools Corporation Announces Nine-Month Financial
Results 


MAYFIELD VILLAGE, Ohio, Oct. 22  /PRNewswire-FirstCall/ -- Anthony & Sylvan
Pools Corporation (Pink Sheets: SWIM) announced results for its nine months
ended September 30, 2004.  Net sales for the nine months were $163,829,000, a
17.6% increase compared with $139,265,000 reported a year ago.  The Company's
operating income for the nine-month period ended September 30, 2004 was
$4,999,000, excluding a non-cash accounting charge of $9,796,000 to revalue
goodwill required by the previously-disclosed buyout offer (an operating loss
of $6,207,000 including the charge).  This compares with an operating profit of
$3,767,000 for the nine-month period ended September 30, 2003.

The Company will now include its unaudited financial statements for the
nine-month period ended September 30, 2004, instead of its six-month results,
in the proxy statement to be sent to shareholders today regarding the
previously announced merger proposal.  Financial statements, footnotes and
independent accountant's review report for the nine-month period ended
September 30, 2004 will be available to others by contacting the Company at
440-720-3301.

Anthony & Sylvan operates in the leisure industry, offering in-ground, concrete
residential swimming pools, spas and related products to its customers.  The
Company serves its customers through a network of 37 sales design centers in 22
geographic markets in 16 states.  It also sells pool- related consumables,
replacement parts, equipment and supplies through retail service centers.

This press release may contain statements that are forward-looking.  The
Company assumes no obligation to update or revise any such statements, whether
as a result of new information or otherwise.  All forward-looking statements
are based on current expectations regarding important risk factors, including
but not limited to: the seasonal nature of our business; dependence on existing
management; consumer spending; market conditions; interest rates; and weather.
Accordingly, actual results may differ from those expressed in the
forward-looking statements, and the making of such statements should not be
regarded as a representation by the Company or any other person that results
expressed therein will be achieved. 

DATASOURCE: Anthony & Sylvan Pools Corporation



CONTACT:  William J. Evanson, Executive Vice President & Chief Financial

Officer, Anthony & Sylvan Pools Corporation, [phone] 



Web site:  http://www.anthonysylvan.com/

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