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Article

LIFETIME AND ICEBERG ENTER INTO LICENSING AGREEMENT

April 15, 2003

CLEARFIELD, UTAH – Lifetime Products Inc., a worldwide leader in the folding table market, and Iceberg Enterprises, LLC, a major domestic manufacturer of resin-based office furniture, announced today that they have entered into a cross licensing agreement.

Through the sharing of patents and technology, Lifetime and Iceberg believe consumers in all markets will benefit from receiving quality products that incorporate state-of-the-art design and features.  Lifetime has granted a license to Iceberg covering a portfolio of folding table patents.  Iceberg has shared technology and granted a license to Lifetime on other Iceberg products.
    
Established in 1986, Lifetime Products is a privately held company headquartered in Clearfield, Utah.  Lifetime Products manufactures high-impact polyethylene folding tables, chairs and picnic tables, as well as state-of-the-art basketball equipment.  In 1998, Lifetime introduced the first blow-molded polyethylene folding utility table to the market.  Blow-molded polyethylene tabletops are stronger, lighter, and more durable than wood, and are stain resistant.  Today, Lifetime is the world’s largest manufacturer of these blow-molded, polyethylene folding tables and holds a portfolio of patents protecting these products.

Established in March 2000, resulting from the acquisition of the 15-year-old office furniture division of Newell/Rubbermaid, Iceberg is a privately held company headquartered in Glendale Heights, IL.  Iceberg is the leading manufacturer of a broad range of blow-molded, high-density polyethylene office furniture and related products.

Both Lifetime and Iceberg intend to vigorously pursue all available remedies against unauthorized infringers of their valuable intellectual property assets.

For more information, please contact Lifetime Public Relations at pr@Lifetime.com.

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About Lifetime Products: Established in 1986, Lifetime Products, Inc. is a privately held company headquartered in Clearfield, Utah. Lifetime Products is the world's largest manufacturer of blow-molded polyethylene folding tables and chairs, and residential basketball hoops. With products sold in 58 countries, Lifetime has been manufacturing in Utah for more than 25 years and employs 1,250 people in its Clearfield facility, and more than 2,075 people worldwide. For more information about Lifetime Products, Inc. and its products, visit www.Lifetime.com.