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SPECTRUM BRANDS ENGAGES CONSULTING FOR STRATEGIC GROWTH AS ITS PUBLIC RELATIONS/CORPORATE DEVELOPMENT CONSULTANTS
Formation of Spectrum Homeland Security Solutions, Inc., a wholly owned subsidiary
Spectrum Brands Corporation announced today it has retained CFSG; a public relations company, to begin a public relations campaign to promote selected new state-of-the-art security technology and introduce the company to investment bankers and private equity funds who will consider raising capital and/or making direct investments for the additional rollout of product development.
Hauppauge, New York – November 8, 2001 – Spectrum Brands Corporation (OTCBB:SPBR) announced today it has retained Consulting For Strategic Growth, Ltd., (CFSG); a public relations company, to begin a public relations campaign to promote selected new state-of-the-art security technology and introduce the company to investment bankers and private equity funds who will consider raising capital and/or making direct investments for the additional rollout of product development.
Michael J. Burns, Chairman and CEO of Spectrum Brands remarked, Im very pleased to have CFSG on board, they have a proven talent pool and the creativity necessary to assist us in fulfilling our business plan. CFSG can bring us to Main Street and Wall Street in a fast, effective manner."
Spectrum Homeland Security Solutions, Inc.
Spectrum Brands Corporation, a diversified holding company, is pleased to announce the formation of their wholly owned subsidiary, Spectrum Homeland Security Solutions Inc., (SHSS). SHSS provides services and products for personal, corporate and governmental security. These services will address bio-terrorism, cyber-terrorism, computer network security, as well as home and office security solutions. Additionally, Spectrum Brands announced the appointment of Michael J. Burns as CEO and Chairman of the company. Mr. Burns is a former senior management professional with the following: Barnes & Noble Inc., Prudential Securities, Citibank and Ernst & Young/D & T. In addition, Mr. Burns is currently an active computer security consultant for a governmental agency.
On October 25, 2001, the Board approved the formation of a wholly owned subsidiary, Spectrum Homeland Security Solutions, Inc. SHSS is a Nevada corporation with 25,000,000 shares authorized with a par value of $.001. SHSS will provide services and products for governmental, personal and corporate security.
On October 26, 2001, the Registrant's Board of Directors approved a Stock Dividend to the holders of Common Stock of Record on October 30, 2001 (the "Record Date"). The Board of Directors set November 5, 2001 as the Payment date, on which the Registrant's Transfer Agent will deliver or cause to be delivered to each holder as of the Record Date, certificates representing 5 additional shares for each share then held.
About Consulting For Strategic Growth, Ltd.
Consulting for Strategic Growth, Ltd. was formed to take the position of Corporate Development Consultant within public and private companies. Working side by side with management, CFSG assists client companies with platforming" their story to the Wall Street community. This is accomplished through the use of executive summaries, corporate profiles, fact sheets, research reports, position papers, one-on-one and cluster group meetings, in addition to retail/institutional broker and money manager presentations to CFSGs database of quality volume investors.
For additional information, please call CFSG at 800-625-2236.
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This press release contains forward-looking statements that, if not verifiable historical fact, may be viewed as forward-looking statements that could predict future events or outcomes with respect to Spectrum Brands Corporation, and its business. The predictions embodied in these statements will involve risks and uncertainties and accordingly, Spectrum Brands Corporation actual results may differ significantly from the results discussed or implied in such forward-looking statements.
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