Press Releases

FARMINGDALE, N.Y.--(BUSINESS WIRE)-- Telephonics Corporation, a wholly owned subsidiary of Griffon Corporation (NYSE: GFF), announced today that its Radar Systems Division received a requirements contract from Lockheed Martin for support of the AN/APS-147 Multi-Mode Radar (MMR) and Identification Friend or Foe (IFF) Interrogator System installed on the U.S. Navy's MH-60R Maritime Strike Helicopters. The Indefinite Delivery, Indefinite Quantity contract provides for repair of radar components at firm fixed prices over a five year period. The contract has an estimated value of $17 million.

The principal mission of the MH-60R multi-mission helicopter is to protect the fleet from submarines and surface vessels and provide a maritime strike capability. The radar affords the helicopter long-range search, imaging, and tracking capabilities for surface vessels and includes an advanced periscope detection mode. The IFF identifies cooperative targets in the area of operations and enables rapid sorting and prioritization of targets of interest.

"Telephonics is dedicated to the support and sustainment of these radar systems for the U.S. Navy's Maritime Strike squadrons. This contract will ensure high mission capable rates and optimum combat readiness for the U.S. Navy's MH-60R fleet," said Joseph Battaglia, President of Telephonics.

Telephonics' Radar Systems Division is a world leader in lightweight, high performance multi-mode maritime surveillance systems and IFF Interrogators. In addition to the AN/APS-147, Telephonics produces the AN/APS-508 for the Canadian CP-140 Aurora (P-3 derivative) aircraft, the APS-143C(V)3 for various U.S. and international customers, the RDR-1700B lightweight MMR, and a wide range of search and rescue and weather radar.

About Telephonics

A subsidiary of Griffon Corporation, Telephonics' high-technology engineering and manufacturing capabilities provide integrated information, communication and sensor system solutions to military and commercial markets worldwide. Telephonics specializes in aircraft intercommunication systems, wireless communication systems, radars, identification friend or foe products, integrated security systems, air traffic management systems, aerospace electronics, and the performance of threat and radar system analyses.

About Griffon Corporation

Griffon Corporation (the "Company" or "Griffon"), headquartered in New York, N.Y., is a diversified management and holding company that conducts business through wholly-owned subsidiaries. The Company oversees the operations of its subsidiaries, allocates resources among them and manages their capital structures. The Company provides direction and assistance to its subsidiaries in connection with acquisition and growth opportunities as well as in connection with divestitures. Griffon also seeks out, evaluates and, when appropriate, will acquire additional businesses that offer potentially attractive returns on capital to further diversify itself.

Forward-Looking Statements

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Certain statements other than statements of historical fact included in this release are forward-looking statements. Such forward-looking statements are based on the beliefs of the company's management, as well as assumptions made by and information currently available to the company's management. Actual results could differ materially from those contemplated by the forward-looking statements. Information concerning risks and uncertainties that may impact the company's results and forward-looking statements are set forth in Griffon Corporation's filings with the SEC. The company does not undertake to release publicly any revisions to these forward-looking statements to reflect future events or circumstances or to reflect the occurrence of unanticipated events.

(C) 2009 Telephonics Corporation. 815 Broad Hollow Road, Farmingdale, NY 11735. All trademarks, trade names, service marks, and logos referenced herein belong to their respective companies.

    Source: Telephonics Corporation

PHILADELPHIA, Dec. 2 /PRNewswire/ -- Independence Blue Cross (IBC) today announced its new health benefits contract with Lincoln Financial Group. IBC will be the primary provider of health insurance for approximately 10,000 Lincoln Financial Group employees, retirees, and their dependents across the nation. The Lincoln plan offerings will include the PPO option and Comprehensive Major Medical plans.

"I know I speak for all of us at Independence Blue Cross when I say we are delighted that Lincoln Financial Group has entrusted us with the health insurance needs of their employees," said Joseph A. Frick, president and chief executive officer of Independence Blue Cross. "We are pleased Lincoln recognizes our expanded capabilities in health information technology, consumer resources, and overall member satisfaction, and are happy to extend these offerings to all Lincoln locations, both nationally and in our region. From one southeastern Pennsylvania-based company to another, we welcome all of the Lincoln employees and their families to our health care coverage."

On January 1, 2010, IBC will become the primary health insurance option for Lincoln employees at their locations across the country, including key offices in Fort Wayne, Indiana; Hartford, Connecticut; Omaha, Nebraska; Greensboro, North Carolina; Concord, New Hampshire; and headquarters in Radnor, Pennsylvania. Employee enrollment sessions at all of these locations have been underway over the past few months.

Lincoln Financial Group is a diversified financial services organization in the Philadelphia region with $137 billion in assets under management as of September 30, 2009. They offer innovative, industry-leading advice and solutions to help customers secure their financial futures. Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE: LNC) and its affiliates.

"At Independence Blue Cross we are thrilled to extend our services to Lincoln Financial Group. As a whole, our company has a strong focus on national business and we are eager to expand upon our long-standing relationship with Lincoln," said Lawrence Kissner, vice president of national account sales at Independence Blue Cross. "We worked closely with Lincoln to develop a custom option that will satisfy the needs of their employees nationally. Previously, we insured many of their employees based in the southeastern Pennsylvania region only."

Independence Blue Cross offers its customers the BlueCard® network, a cohesive system of health care experts in hundreds of locations. As Blue Plan members, Lincoln employees around the country will have national access to quality care and coverage in both urban and rural areas with over 764,000 doctors and 5,700 hospitals included in the independent Blue Plan PPO networks. Outside the United States, BlueCard members have access to doctors and hospitals in 200 countries and territories.

About Independence Blue Cross

Independence Blue Cross is a leading health insurer in southeastern Pennsylvania. Nationwide, Independence Blue Cross and its affiliates provide coverage to nearly 3.3 million people. For more than 70 years, Independence Blue Cross has offered high-quality health care coverage tailored to meet the changing needs of members, employers, and health care professionals. Independence Blue Cross's HMO and PPO health care plans have consistently received the highest ratings from the National Committee for Quality Assurance.

Independence Blue Cross supports comprehensive health care reform that would extend coverage to all Americans, reduce costs, and improve quality. We also advocate reform that builds on the current employer-based system that currently serves 170 million Americans. Learn more about our views on health care legislation now working its way through Congress by visiting our website.

Independence Blue Cross is an independent licensee of the Blue Cross and Blue Shield Association. More information about Independence Blue Cross is available at www.ibx.com.

SOURCE Independence Blue Cross

NEW YORK, Dec. 2 /PRNewswire/ --

WHAT:       The world premiere of the comedy IT'S COMPLICATED

WHO:        IT'S COMPLICATED writer/director/producer Nancy Meyers;
            producer Scott Rudin; cast members Meryl Streep, Steve
            Martin, Alec Baldwin, John Krasinski, Lake Bell, Mary Kay
            Place, Rita Wilson, Alexandra Wentworth, Hunter Parrish, Zoe
            Kazan and Caitlin Fitzgerald; executive producer Suzanne
            Farwell.

            Plus additional celebrity guests including Christine
            Baranski, Tom Hanks, Gayle King, Justin Kirk, Elias Koteas,
            Mary-Louise Parker, Jerry Seinfeld, George Stephanopoulos
            and many more.

WHERE:      Paris Theatre
            4 West 58 Street
            New York City, NY

WHEN:       Wednesday, December 9, 2009
            6:00 PM        Press Call Time at Grand Army Plaza
            7:00 PM        Celebrity Arrivals
            8:00 PM        Screening Begins

    IT'S COMPLICATED opens in theaters on Friday, December 25, 2009.

(Logo: http://www.newscom.com/cgi-bin/prnh/20060316/LATH064LOGO)

SOURCE Universal Pictures

WILMINGTON, Del.--(BUSINESS WIRE)-- Delaware Park will offer 10 free Slot Dollars to customers who donate canned goods at the casino from Dec. 7 through Dec. 11. The canned food drive is part of Delaware Park's holiday season campaign to benefit the Food Bank of Delaware.

Delaware Park will also donate 1,000 pounds of canned goods to the Food Bank of Delaware.

"This program allows Delawareans to help others and get rewarded for it this holiday season," said Andrew Gentile, Chief Operating Officer of Delaware Park. "We are proud to support the effort of the Food Bank of Delaware, an organization that does an outstanding job providing food to our community members in need."

Donors must be members of Delaware Park's Player Rewards Club to be eligible for the Slot Dollars reward. Players who are not Player Rewards Club Members may join--at no cost--at the time they make their food donations. As members, they will become eligible for invitations to exclusive events, sweepstakes, rewards, promotional giveaways and the opportunity to play at White Clay Creek Country Club, Delaware Park's 18-hole championship golf course.

The Food Bank of Delaware is a nonprofit agency that distributes food through over 235 member agencies. It is the only facility in Delaware with the equipment, warehouse and staff to collect donations safely from all sectors of the food industry and efficiently redistribute them to those who need it most. The Food Bank of Delaware distributes more than 10 million pounds of food each year.

Food donations will be accepted the Player Services Center in Delaware Park's Slots parlor. Delaware Park can accept only canned food items during this drive, and the Slot Dollar offer is valid only on the specified dates and only once per registered Player Rewards Club Member during the drive.

For more information and directions, call 1-800-41-SLOTS or visit delawarepark.com.

About Delaware Park

Delaware Park is a multi-faceted gaming facility offering guests over 2,500 exciting slot machines on two spacious levels, live seasonal thoroughbred racing, year-round simulcasting from around the globe, one of the only sports betting venues on the East Coast, and White Clay Creek Country Club, featuring a world class 18-hole championship golf course. Delaware Park is located minutes south of Wilmington and the Delaware Memorial Bridge and just north of the Maryland state line on I-95 at exit 4B. For more information on Delaware Park, visit www.delawarepark.com.

    Source: Delaware Park

OTTAWA, ONTARIO--(Marketwire - Dec. 2, 2009) - The Honourable Gary Lunn, Minister of State (Sport), today celebrated 100 days to go before the start of the 2010 Paralympic Winter Games at a sledge hockey demonstration at the Nepean Sportsplex. Also present were John Furlong, Chief Executive Officer for the Vancouver Organizing Committee for the 2010 Olympic and Paralympic Winter Games (VANOC), and Sumi, the 2010 Paralympic Mascot.

The event took place at the City of Ottawa's sixth annual AccessAbility Day in partnership with the Active Living Alliance for Canadians with a Disability and United Way Ottawa. Activities took place throughout the day for all ages and abilities.

"In 100 days from today, Canada will welcome for the first time in history the Paralympic Winter Games on Canadian soil," said Minister of State Lunn. "2010 will also mark the 10th Paralympic Winter Games. This is the perfect chance to highlight the achievements of our Canadian Paralympians, as well as to celebrate their contributions to the sporting world and to share in their dream of winning gold at home."

"The countdown has begun, and in 100 days the Paralympic cauldron will be lit in Vancouver kicking off 10 days of celebration and awe-inspiring athletic performances by Paralympic athletes," said Mr. Furlong. "We hope all Canadians take hold of this opportunity to witness and experience the limitless possibilities of the human spirit at the Vancouver 2010 Paralympic Winter Games."

"Canada's 2010 Paralympic hopefuls are the best in the world. They are preparing to fulfill their dreams by winning gold for Canada with performances that will make us all proud to be Canadians," said Henry Storgaard, Canadian Paralympic Committee CEO. "The 2010 Paralympic Winter Games will not only give Canada's Paralympic athletes the recognition they deserve, they will change how Canadians perceive disability and inspire a generation of children and young people with a disability to try sport themselves."

The Government of Canada is a major and committed funding partner in delivering successful Winter Games in 2010 and will strive to maximize Canadians' investment in the Games. Hosting the 2010 Olympic and Paralympic Winter Games is a unique opportunity for Canada to showcase its accomplishments and innovations to the world, while realizing sustainable environmental, social, cultural, and economic benefits across the country and for all Canadians.

This news release is available on the Internet at www.canadianheritage.gc.ca under Media Room.


FOR FURTHER INFORMATION PLEASE CONTACT:
        Office of the Honourable Gary Lunn, P.C., M.P.
        Minister of State (Sport)
        819-934-1122

        Canadian Heritage
        Media Relations
        819-994-9101
        1-866-569-6155
        media@pch.gc.ca

Source: Canadian Heritage