Exhibit 99.1 FOR IMMEDIATE RELEASE SL INDUSTRIES, INC. ANNOUNCES STOCK REPURCHASE PROGRAM MT. LAUREL, N.J., December 12, 2003 - SL INDUSTRIES, INC. (AMEX and PHLX:SLI) announced today that its Board of Directors has authorized the repurchase of up to 10% of the outstanding shares of the common stock of the Company, or approximately 550,000 shares. Any repurchases would be made if and when management considers appropriate and in the open market or in negotiated transactions. ABOUT SL INDUSTRIES SL Industries, Inc. designs, manufactures and markets Power and Data Quality (PDQ) equipment and systems for industrial, medical, aerospace, telecommunications and consumer applications. For more information about SL Industries, Inc. and its products, please visit the Company's web site at www.slindustries.com. FORWARD-LOOKING STATEMENTS This press release contains statements that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations, estimates and projections about the Company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above and the following: the effectiveness of the cost reduction initiatives undertaken by the Company, changes in demand for the Company's products, product mix, the timing of customer orders and deliveries, the impact of competitive products and pricing, constraints on supplies of critical components, excess or shortage of production capacity, difficulties encountered in the integration of acquired businesses and other risks discussed from time to time in the Company's Securities and Exchange Commission filings and reports. In addition, such statements could be affectedby general industry and market conditions and growth rates, and general domestic and international economic conditions. Such forward-looking statements speak only as of the date on which they are made, and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release. - -------------------------------------------------------------------------------- Contact: SL Industries, Inc. David R. Nuzzo, 856-222-5515
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Filed: 15 Dec 03, 12:00am