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LIFETIME PRODUCTS, INC. ANNOUNCES SALE OF SUBSIDIARY'S INTELLECTUAL PROPERTY RIGHTS

 DALLAS, April 6 /PRNewswire/ -- Lifetime Products, Inc. (AMEX: LPI) today announced that, effective March 31, 1993, its wholly-owned subsidiary, Lifetime Automotive Products, Inc., and its subsidiary, Tripledge Products, Inc., sold their North and South American patents, trademarks and copyrights to the TRIPLEDGE Lifetime Wipers to Direct To Retail Limited Partnership and its affiliates for an unspecified 10 year declining royalty. Direct To Retail also purchased certain inventory for cash.
 Lifetime Products, Inc. is a Dallas, Texas based manufacturer and marketer of premium consumer products.
 -0- 4/6/93
 /CONTACT: Don C. Rutledge, chief financial officer of Lifetime Products, Inc., 214-980-2886/
 (LPI)


CO: Lifetime Products, Inc. ST: Texas IN: HOU SU:

TM -- NY068 -- 3596 04/06/93 18:21 EDT
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Publication:PR Newswire
Date:Apr 6, 1993
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