LMS Lamson Sessions

- Special Committee to Consist of Six Independent Directors CLEVELAND, May 8 /PRNewswire-FirstCall/ -- Lamson & Sessions (NYSE:LMS) announced today that its Board of Directors has created a special committee consisting of its six independent directors to oversee the Company's strategic evaluation process. In its first action, the special committee elected James T. Bartlett to chair the committee. "This is the next logical step in the strategic evaluation process that we began in February in our ongoing effort to maximize shareholder value," said Michael J. Merriman, Jr., President and Chief Executive Officer. "Our independent directors are uniquely qualified to analyze all of the alternatives available to our Company. They possess a broad range of experience with a variety of businesses, many of which have undergone similar strategic evaluations. They can also draw upon specific knowledge about Lamson & Sessions' business that they have gained during their tenures on our Board. We have every confidence in their ability to make prudent recommendations about our future direction for the full Board to consider." Lamson & Sessions intends to disclose developments regarding the strategic evaluation process only if and when the Board of Directors has approved a specific transaction or course of action. The Company makes no assurances that the exploration of alternatives will result in a transaction or particular course of action. Lamson & Sessions is a leading producer of thermoplastic enclosures, fittings, wiring outlet boxes and conduit for the electrical, telecommunications, consumer, power and wastewater markets. For additional information, please visit our Web site at: http://www.lamson-sessions.com/. This press release contains forward-looking statements that involve risks and uncertainties within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those expected as a result of a variety of factors, such as: (i) the volatility of resin pricing, (ii) the ability of the Company to pass through raw material cost increases to its customers, (iii) the continued availability of raw materials and consistent electrical power supplies, (iv) maintaining a stable level of housing starts, telecommunications infrastructure spending, consumer confidence and general construction trends, (v) any adverse change in the country's general economic condition affecting the markets for the Company's products, (vi) the impact, outcome and effects of the Company's exploration of strategic alternatives and (vii) the ability of the Company to identify and complete a strategic transaction. Because forward-looking statements are based on a number of beliefs, estimates and assumptions by management that could ultimately prove to be inaccurate, there is no assurance that any forward-looking statement will prove to be accurate. DATASOURCE: Lamson & Sessions CONTACT: James J. Abel, Executive Vice President and Chief Financial Officer, of Lamson & Sessions, +1-216-766-6557 Web site: http://www.lamson-sessions.com/

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