NATIONAL PRESTO INDUSTRIES, INC.
ANNOUNCES ELECTION OF DIRECTORS
Eau Claire, Wisconsin (May 20, 2009) – The shareholders of National Presto Industries, Inc. (NYSE: NPK) re-elected Maryjo Cohen to a new three-year term as director at the May 19, 2009 annual stockholders meeting. In addition during the meeting, the 2009 new housewares/small appliance product introductions were shown to the shareholders.
The new products included three additions to the Company’s deep fryer line. The first, the QuickCool™ ProFry™ deep fryer, is designed for families, as it fries nine cups of food at a time. Eighteen hundred watt immersion element construction assures quick preheat and fast oil temperature recovery for ideal frying. The fryer features a built in fan that cools the hot oil quickly (typically in less than half the normal time) enabling fast clean up. A digital timer is included for added convenience. Uniquely styled arched handles combined with a brushed finish stainless steel surround, result in a unit that is as beautiful as it is functional. The second fryer, the FryDaddy® Elite, boasts all of the features that make the FryDaddy® deep fryer such a joy to use (perfect pre-set frying temperature, economical use of oil as a result of its ability to fry four cups of food in only four cups of oil, a handy, easy to clean scoop, rather than a messy basket, and the ability to act as a convenient vessel for oil storage) combined with attractive new styling complete with a brushed stainless steel surround. The third fryer is a delightfully styled mini-appliance, also trimmed in brushed stainless steel that combines both good looks with function. In keeping with the renewed popularity of vegetable gardening, the segment also introduced a 7 function canning kit, consisting of a digital timer, funnel, bubble remover/lid lifter, jar wrench, jar lifter, and kitchen tongs, all trimmed in fresh, spring green. A six cup stainless steel coffeemaker that quickly produces hot rich coffee and “green” versions of several of its classic products (KitchenKettle™ multi-cooker, its entire line of aluminum and stainless steel pressure cookers, and its tilt griddles) were also introduced.
National Presto Industries, Inc. operates in three business segments. The Housewares/Small Appliance segment designs and sells small household appliances and pressure cookers under the PRESTO® brand name, and is recognized as an innovator of new products. The Defense segment manufactures a variety of products, including medium caliber training and tactical ammunition, energetic ordnance items, fuzes, and cartridge cases. The Absorbent Products segment is primarily engaged in the manufacture of private label adult incontinence products and baby diapers.
This release contains “forward looking statements” made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995 that are subject to certain risks and uncertainties, as well as assumptions, that could cause actual results to differ materially from historical results and those presently anticipated or projected. In addition to the factors discussed above, other important risk factors are delineated in the Company’s various SEC filings.
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