FORT WORTH, Texas, July 14, 2004 (PRIMEZONE) -- Catalyst Lighting Group, Inc. (OTCBB:CYSL), a manufacturer and marketer of outdoor lighting poles and accessories, announced today that its subsidiary, Whitco Company, LP, has fully integrated a large segment of its product offering into a new manufacturing plant. With the addition of this new plant, a substantial amount of previously outsourced manufacturing will be brought in-house.
"We are excited to have accomplished this major step in our strategic plan for Whitco," stated Henry Glover, CEO and President of Whitco. "Previously, we outsourced all manufacturing of poles 40 feet and less. We anticipate that this change will allow us to improve gross margins, as we now are able to drive costs down through both company controlled sourcing and efficiency improvement programs. By more closely controlling the manufacturing process, we have already seen major improvements in our quality as we drive toward our goal of world class customer service."
About Catalyst Lighting Group, Inc.
Catalyst Lighting Group is headquartered in Fort Worth, Texas. Through its sole subsidiary, Whitco Company, LP, Catalyst manufactures and markets light poles and light pole accessories for the commercial and industrial markets. The company sells and distributes its products through a network of more than 70 agents stationed throughout the United States. More information about Catalyst Lighting Group, Inc. may be found on the company's Web site, www.catalystlighting.com.
Certain of the above statements contained in this press release contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Actual results, events and circumstances (including future performance, results and trends) could differ materially from those set forth in such statements due to various factors, risks and uncertainties, including but not limited to, risks associated with Catalyst Lighting Group, Inc.'s future growth and operating results, the uncertainty of market acceptance of the company's products, technological change, competitive factors and general economic conditions. Catalyst Lighting Group, Inc. has no duty and undertakes no obligation to update such statements.