Waxman Industries, Inc. Completes Sale of Medal of Pennsylvania, Inc.

Apr 11, 2001, 01:00 ET from Waxman Industries, Inc.

    BEDFORD HEIGHTS, Ohio, April 11 /PRNewswire/ -- Waxman Industries, Inc.
 (OTC Bulletin Board:   WAXM) announced today that its wholly-owned subsidiary
 Waxman USA Inc., completed the sale of certain assets and liabilities of Medal
 of Pennsylvania, Inc. to a private investor group formed to operate the
 business, for an undisclosed amount of cash, effective March 31, 2001. The
 proceeds will be used to further reduce the Company's working capital
 facility.
     Waxman Industries, Inc. is a leading supplier of specialty plumbing and
 other products to the repair and remodeling market in the United States.
 Through its wholly-owned subsidiaries, Consumer Products, WAMI Sales, and its
 foreign sourcing operations, TWI and CWI, the Company distributes its products
 to a wide variety of large national and regional retailers and other
 independent wholesalers in the United States.
 
     CAUTIONARY STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF
 1995.
     Statements on this Press Release may constitute "forward-looking
 statements" within the meaning of the Private Securities Litigation Reform Act
 of 1995 that are based on the beliefs of the Company and its management.  When
 used in this document, the words "anticipate," "believe," "continue,"
 "estimate," "expect," "intend," "may," "should," and similar expressions are
 intended to identify forward-looking statements.  Such statements reflect the
 current view of the Company with respect to future events and are subject to
 certain risks, uncertainties and assumptions, including, but not limited to,
 risks associated with currently unforeseen competitive pressures and risks
 affecting the Company's industry, such as decreased consumer spending,
 customer concentration issues and the effects of general economic conditions.
 In addition, the Company's business, operations and financial condition are
 subject to the risks, uncertainties and assumptions which are described in the
 Company's reports and statements filed from time to time with the Securities
 and Exchange Commission.  Should one or more of those risks or uncertainties
 materialize, or should underlying assumptions prove incorrect, actual results
 may vary materially from those described herein.
 
 

SOURCE Waxman Industries, Inc.
    BEDFORD HEIGHTS, Ohio, April 11 /PRNewswire/ -- Waxman Industries, Inc.
 (OTC Bulletin Board:   WAXM) announced today that its wholly-owned subsidiary
 Waxman USA Inc., completed the sale of certain assets and liabilities of Medal
 of Pennsylvania, Inc. to a private investor group formed to operate the
 business, for an undisclosed amount of cash, effective March 31, 2001. The
 proceeds will be used to further reduce the Company's working capital
 facility.
     Waxman Industries, Inc. is a leading supplier of specialty plumbing and
 other products to the repair and remodeling market in the United States.
 Through its wholly-owned subsidiaries, Consumer Products, WAMI Sales, and its
 foreign sourcing operations, TWI and CWI, the Company distributes its products
 to a wide variety of large national and regional retailers and other
 independent wholesalers in the United States.
 
     CAUTIONARY STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF
 1995.
     Statements on this Press Release may constitute "forward-looking
 statements" within the meaning of the Private Securities Litigation Reform Act
 of 1995 that are based on the beliefs of the Company and its management.  When
 used in this document, the words "anticipate," "believe," "continue,"
 "estimate," "expect," "intend," "may," "should," and similar expressions are
 intended to identify forward-looking statements.  Such statements reflect the
 current view of the Company with respect to future events and are subject to
 certain risks, uncertainties and assumptions, including, but not limited to,
 risks associated with currently unforeseen competitive pressures and risks
 affecting the Company's industry, such as decreased consumer spending,
 customer concentration issues and the effects of general economic conditions.
 In addition, the Company's business, operations and financial condition are
 subject to the risks, uncertainties and assumptions which are described in the
 Company's reports and statements filed from time to time with the Securities
 and Exchange Commission.  Should one or more of those risks or uncertainties
 materialize, or should underlying assumptions prove incorrect, actual results
 may vary materially from those described herein.
 
 SOURCE  Waxman Industries, Inc.