KB Home Awards National Sole Source Agreement To Sea Gull Lighting


Riverside, New Jersey / July 3, 2001 – To further enhance its portfolio of national home builder contracts and reinforce the company's commitment to the home building industry, Sea Gull Lighting is proud to announce it's alliance with KB Home as the builder's manufacturer of lighting fixtures and ceiling fan products.

While the specific details of the contract are proprietary, Sea Gull Lighting and KB Home have announced their intent to begin production home conversions of lighting fixtures and ceiling fans on a national basis and furnish Sea Gull Lighting brand products to all new communities immediately.

According to KB Home, "We selected Sea Gull Lighting based on their reputation to provide quality products, on-time delivery, outstanding service and competitive price-to-value. As our company expands nationally, we are selecting vendors with exisiting nationwide-distribution networks established, so as to provide seamless rollouts in all markets."

"We look forward to a long, successful partnering relationship with KB Home", says Richard Brown, Vice President of National Accounts for Sea Gull Lighting. "This agreement speaks to the overall value and strength of the Sea Gull Lighting brand. Our servicing distributors will greatly benefit from this alliance and provide additional opportunities for future builder sales", he adds.

KB Home is one of America's premier homebuilders with domestic operating divisions in the following regions and states: West Coast -- California; Southwest -- Arizona, Nevada and New Mexico; and Central -- Colorado and Texas. Kaufman & Broad S.A., the Company's majority-owned subsidiary, is one of the largest homebuilders in France. In fiscal 2000, the Company delivered homes to 22,847 families in the United States and France. It also operates a full-service mortgage company for the convenience of its buyers. Founded in 1957, KB Home is a Fortune 500 company listed on the New York Stock Exchange under the ticker symbol "KBH."

Sea Gull Lighting is an 82 year-old company based in Riverside, NJ with manufacturing and distribution facilities in New Jersey, Pennsylvania, Texas and Nevada. The company manufactures and markets decorative and functional lighting fixtures, portable lamps, ceiling fan products, decorative accessories, home furnishings and accents for the home to a superior distribution network of electrical distributors, lighting showrooms, furniture and gift specialty stores and various niche markets worldwide. With over 3,100 product designs spanning 15 product categories, Sea Gull Lighting is a single source supplier for architectural, commercial and residential lighting products.





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