Boss Holdings, Inc. Faces Asbestos-Related Litigation ----------------------------------------------------- Published January 24, 2003 Boss Holdings, Inc. (OTC: BSHI) has been named as a defendant in several lawsuits alleging past exposure to asbestos contained in gloves manufactured or sold by one of the Company's predecessors-in-interest, all of which actions are being defended by one or more of the Company's products liability insurers. COMPANY PROFILE Boss Holdings, Inc. (OTC: BSHI) 221 W. 1st St. Kewanee, IL 61443 Phone: 309-852-2131 Fax: 309-852-0848 Employees : 120 Revenues : $ 33,700,000 Net Income : $ 800,000 Assets : $ 23,200,000 Liabilities : $ 4,600,000 (As of December 31, 2001) Description: Subsidiary Boss Manufacturing Company (BMC) imports and markets gloves and protective wear sold through mass merchandisers, hardware stores, and other retailers in the US and Canada. It also sells its products directly to commercial users in the agricultural, automotive, energy, construction, and lumber industries. BMC's Warren Pet division makes and markets pet supplies (collars, chains, rawhide products, toys) to retailers in the US. BMC was founded in 1893 and made overalls before evolving into a manufacturer of work gloves. Formerly named Vista 2000, the company's gloves and protective gear make up 90% of its sales. ------------------------------------------------------------------- LitigationDataSource.com