RYE, N.Y., Jan. 22 — Jarden Corporation (NYSE: JAH) today announced that new offerings from its Volkl® and K2® brands received top honor in SKI Magazine’s 2009 “Gear of the Year” competition, the latest in a series of honors Jarden brands have received in recent months. Recognized as winners for “Overall Excellence,” skis from both Volkl® and K2® topped the list appearing in the December 2008 issue of SKI Magazine, based on the superior results each earned from the publication’s more than 30 product testers.
Volkl® was the only company to receive a unanimous perfect score in this year’s test across 12 categories. The Tigershark 12 Foot Power Switch, a repeat winner on the list, “slayed the Men’s AME category” according to SKI Magazine, and features advanced construction along with the new 3-position Power Switch which allows the skier to customize the energy output of the ski. It is the ideal ski for all mountain skiers who want to carve the groomed snow at high speeds, and make an occasional foray into soft snow. The Kiku is a powder-oriented big-mountain twin tip ski for women touted by the magazine as a “runaway favorite overall” and is usable in any kind of terrain. The Kiku has received numerous recognitions for its epic combination of float and precision.
The K2® Apache Xplorer is a new edition to the Apache series and was dubbed “among the favorites in the important AME freeride category” in the issue, earning 11 gold medals in 12 categories. Featuring an 84mm waist and generous 17/16 progressive sidecut which performs well on both soft and hard conditions, the Apache Xplorer’s Titan Metal Laminate construction, MOD Monic and MOD Technology keep the ski rock solid and stable in any conditions.
Martin E. Franklin, Chairman and Chief Executive Officer of Jarden Corporation, said, “We are honored that our Volkl® and K2® brands have received yet another series of well-earned product accolades from arguably one of the most influential skiing publications today. These market-leading brands exemplify the forward-looking innovation which is a hallmark of our business strategy to offer unique and exciting products to consumers worldwide. We believe that this strategy positions us for continued market share growth even in a challenging macro economic environment. I am extremely proud of the leadership and innovation that both the Volkl® and K2® teams continue to deliver.”
Jarden Corporation is a leading provider of niche consumer products used in and around the home. Jarden operates in three primary business segments through a number of well recognized brands, including: Branded Consumables: Ball®, Bee®, Bicycle®, Crawford®, Diamond®, Dicon®, First Alert®, Forster®, Hoyle®, Java Log®, Kerr®, Lehigh®, Leslie-Locke®, Loew-Cornell® and Pine Mountain®; Consumer Solutions: Bionaire®, Crock-Pot®, FoodSaver®, Harmony®, Health o meter®, Holmes®, Mr. Coffee®, Oster®, Patton®, Rival®, Seal-a-Meal®, Sunbeam®, VillaWare® and White Mountain(TM); and Outdoor Solutions: Abu Garcia®, Berkley®, Campingaz®, Coleman®, Fenwick®, Gulp!®, JT®, K2®, Marker®, Marmot®, Mitchell®, Penn®, Rawlings®, Shakespeare®, Sevylor®, Stearns®, Stren®, Trilene® and Volkl®. Headquartered in Rye, N.Y., Jarden has over 25,000 employees worldwide. For more information, please visit www.jarden.com.
Note: This news release contains “forward-looking statements” within the meaning of the federal securities laws and is intended to qualify for the Safe Harbor from liability established by the Private Securities Litigation Reform Act of 1995, including statements regarding the outlook for Jarden’s markets and the demand for its products, estimated sales, segment earnings, earnings per share, future cash flows from operations, future revenues and margin requirement and expansion, the success of new product introductions, growth in costs and expenses and the impact of acquisitions, divestitures, restructuring and other unusual items, including Jarden’s ability to integrate and obtain the anticipated results and synergies from its acquisitions. These projections and statements are based on management’s estimates and assumptions with respect to future events and financial performance and are believed to be reasonable, though are inherently uncertain and difficult to predict. Actual results could differ materially from those projected as a result of certain factors. A discussion of factors that could cause results to vary is included in the Company’s periodic and other reports filed with the Securities and Exchange Commission.