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CALA Capital & Regional Plc

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Share Name Share Symbol Market Type Share ISIN Share Description
Capital & Regional Plc LSE:CALA London Ordinary Share GB00BKRQPB66 ORD 1P (ASSD GROWTHPOINT CASH)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Catalina Lighting Acquires Tensor Corporation, a Leading Distributor of Task Lighting Products

23/11/2005 6:41pm

PR Newswire (US)


Capital & Regional (LSE:CALA)
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MIAMI, Nov. 23 /PRNewswire-FirstCall/ -- Catalina Lighting, Inc. (OTC:CALA), a leading international manufacturer, designer, and distributor of lighting products for residential and office environments, today announced that it has purchased Tensor Corporation ("Tensor"), a Boston-based international designer, manufacturer, and distributor of lighting products for residential and office environments. Tensor CEO and sole owner, Roger Sherman, will join Catalina Lighting in a senior sales capacity. Terms of the transaction were not disclosed. Robert Varakian, CEO of Catalina Lighting, commented, "We are very pleased to be able to add Tensor Corporation brand to our collection of product offerings. Tensor has done an excellent job in developing its desk lighting category, particularly its 'Vision Max' daylight lighting program. We hope to enhance the value of Tensor's assets by leveraging Catalina's international design, manufacturing, and sourcing capabilities." Roger Sherman, CEO of Tensor, said, "I am excited to be joining the Catalina team. The additional capabilities that Catalina offers will be a major asset in growing Tensor's brand and expanding its range of product offerings to our customer base going forward." About Catalina Lighting, Inc. Catalina Lighting, Inc. (OTC:CALA) is a leading international designer, manufacturer, and distributor 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(R), Dana(R), Ring(R), Illuminada(R) and Aziano(TM). The Company also functions as an original equipment manufacturer, selling goods under its customers' private labels. Forward-Looking Statement This press release includes statements that constitute "forward-looking" statements, including, without limitation, that the Company anticipates that the Company's common stock will be quoted on the Pink Sheets, and believes that deregistering will reduce certain expenses and enable management to focus more time and resources on the operations of the Company. 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. The risks and uncertainties that may affect the operations, performance, growth, and results of the Company's business include, but are not limited to, the following: failure to have at least one market maker continue to make a market in the Company's common stock on the Pink Sheets following delisting and deregistration; becoming subject to the Exchange Act in the future due to the filing of a registration statement; economic factors, regulatory changes or legislative enactments that adversely affect the Company's business; and other risks detailed in the Company's periodic filings with the Securities and Exchange Commission. The forward-looking statements included herein are made as of the date of this press release and the Company undertakes no obligation to update these statements for revisions or changes after the date of this release. Contact: Allen & Caron Catalina Lighting, Inc. Jesse Deal (investors) Anthony Borzillo Chief Financial Officer (212) 691-8087 (305) 558-4777 DATASOURCE: Catalina Lighting, Inc. CONTACT: Investors, Jesse Deal of Allen & Caron, +1-212-691-8087, , for Catalina Lighting, Inc.; or Anthony Borzillo, Chief Financial Officer of Catalina Lighting, Inc., +1-305-558-4777

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