Anscott To Acquire Lyntech

Anscott Industries Inc., a Wayne, N.J.-based producer of such textile care products as cleaning
technology, detergents, finishing agents and filtration systems, recently signed a letter of intent
to acquire all outstanding shares of Lyntech Industries Inc., a Paterson, N.J.-based manufacturer
of specialty chemicals such as textile auxiliaries and preparation chemicals.As part of the
agreement, Anscott will acquire Lyntechs reaction-capable production plant and laboratory, enabling
Anscott to produce raw materials and finished products, improve production costs, and maintain
high-quality products and customer service.

December 2003