Tivoli receives purchase order exceeding $1 million from City Lighting; to supply lighting displays for 5,000 retail stores of national chain; largest purchase order in company history

Business Wire, Feb 11, 1997

SANTA ANA, Calif.--(BUSINESS WIRE)--Feb. 11, 1997--Tivoli Industries Inc. (NASDAQ:TVLI) Tuesday announced that it has received a purchase order, valued in excess of $1 million to provide specialty display lighting to more than 5,000 stores of a nationally recognized retail chain.

The order came from St. Louis-based City Lighting Products Co., one of the largest distributors of specialty lighting products to commercial and industrial establishments in the United States.

According to the announcement by Tivoli President and Chief Executive Officer Terrence C. Walsh, production has already begun and the order is expected to be filled in the company's second and third fiscal quarters, ending March 31, 1997 and June 30, 1997, respectively. Walsh added that gross profit margins to be realized from the order are anticipated to be within the company's traditional range.

Walsh commented: "The order represents the largest single order in Tivoli's history by a wide margin. We are very pleased that City Lighting and their prestigious customer have selected Tivoli to provide display lighting at more than 5,000 of the customer's high-profile retail locations. City Lighting is an industry leader in assisting major corporations to create a desired image through technologically advanced lighting solutions. We look forward to working with them and expect that the relationship may yield additional opportunities to serve their established customer base in the future."

Walsh continued: "The products selected represent three of our newest product families recently introduced through our joint venture with Florence, Italy-based Targetti Sankey, which are only available in the U.S. through Tivoli. The order also confirms one of our primary marketing strategies that focuses on using our lighting as an image-based marketing tool."

City Lighting Products President Lester L. Hohl commented: "At City Lighting, we take pride in our ability to provide our customers with superior, value-added lighting solutions. Tivoli is a leading specialty lighting manufacturer with a strong reputation for quality and innovation that fits well with our customer's requirements."

City Lighting Products is one of the largest distributors of specialty lighting products to commercial and industrial establishments in the United States with facilities in St. Louis, Kansas City and Pittsburgh.

Tivoli Industries is an innovation driven designer, developer and manufacturer of specialty lighting and related products. The company serves a variety of global markets through its venture with Florence-based Targetti Sankey, including casino/gaming, specialty retail, theater, themed and high end commercial lighting markets. -0-

NOTE: Except for the historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties, including the impact of competitive products and pricing and general economic conditions as they affect the company's customers. Actual results and developments may therefore differ materially from those described in this release. For more information about Tivoli and risks arising from investing in Tivoli, you are directed to the company's most recent Form 10-KSB filed with the Securities and Exchange Commission.

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Erik Randerson (investors)

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