This letter is posted on the Tasco home page: June 12, 2002 To Our Valued Customers: Effective May 28, 2002, Tasco has filed an Assignment for the Benefit of Creditors in the Florida State Court in Broward County. Accordingly, Tasco will be following a liquidation plan that will include the sale of all assets including inventory, furniture and fixtures, equipment, trade names and intellectual property. It should be noted that several parties have expressed an interest in purchasing the intellectual property of the company that would include the trade names of Tasco. At the present time we are optimistic that a sale of the intellectual property will occur in the near future which will allow Tasco products to continue in the marketplace. As part of the liquidation plan, Tasco understands that consumers and dealers must have access to a facility that can handle repairs of Tasco products. We are pleased to announce that Tasco has negotiated (subject to court approval) with ABO (USA), Inc. in Miami to handle future consumer repairs. For further information regarding this service, please contact ABO (USA), Inc. at 305-860-4858. Recorded announcements and further information will be available at 1-888-GET-TASCO or visit the Tasco Web Site at www.tasco.com. Thank you for your loyalty over the years to the Tasco brand Please feel free to contact your sales or management team to answer any questions you may have at 954-252-3600.