Salton, Inc. Announces Completion of Going Private Transaction

MIRAMAR, Fla., Dec. 9 /PRNewswire/ — Salton, Inc., a leading marketer and
distributor of home appliances, today announced that affiliates of its 94%
stockholder, Harbinger Capital Partners, completed the privatization of
Salton. As a result of the transaction, affiliates of Harbinger Capital
Partners now own 100% of Salton’s outstanding common stock.

Based in Miramar, Florida, Salton, Inc. and its subsidiaries are leading
marketers and distributors of a broad range of branded small household
appliances. Salton markets and distributes small kitchen and home appliances,
pet and pest products, and personal care products. Salton has a broad
portfolio of well recognized brand names, including Black & Decker(R), George
Foreman(R), Russell Hobbs(R), Toastmaster(R), LitterMaid(R), and
Farberware(R). Salton’s customers include mass merchandisers, specialty
retailers and appliance distributors primarily in North America, South
America, Europe and Australia.

SOURCE Salton, Inc.