EXHIBIT 99.1

FOR IMMEDIATE RELEASE

Contact:  William J. Evanson
          Executive Vice President & Chief Financial Officer
          (440) 720-3301

                       ANTHONY & SYLVAN POOLS CORPORATION
                             ANNOUNCES RESTRUCTURING

Mayfield Village, Ohio (September 12, 2002) - Anthony & Sylvan Pools Corporation
(NASDAQ: SWIM) today announced the closing of its swimming pool installation
divisions in the Orlando and Southeastern Florida (principally the area between
West Palm Beach and Miami) markets. For the calendar year 2001 and for the six
months ended June 30, 2002, those divisions had combined revenues of
approximately $21.3 million and $9.8 million, respectively, and operating losses
of $1.7 million in each period, or approximately ($0.21) per diluted share for
each period, on an after tax basis. During the third and fourth calendar
quarters of 2002, the Company expects to incur approximately $2.3 million to
$2.7 million from operating losses and in one-time charges primarily comprised
of provisions for staff reductions and office and warehouse closures. The
wind-down is projected, for the most part, to be completed by the end of this
calendar year. As part of this action, the Company has entered into a
relationship with one of the largest pool builders in Southeastern Florida to
complete and service existing Anthony & Sylvan pools in that market. This
relationship provides for additional opportunities for collaboration in
purchasing and marketing initiatives to assist each other in the transition.

Commenting on the action, Stuart D Neidus, Chairman of the Board and Chief
Executive Officer, stated, "We were unable to generate any return on investment
in these markets and our assessment showed a continuation of that pattern for
the foreseeable future. As a result, we will be able to redirect our financial
and intellectual assets to markets and growth strategies that can yield levels
of return consistent with our long-term goal of increasing shareholder value."

Anthony & Sylvan (www.anthonysylvan.com) operates in the leisure industry,
offering in-ground, concrete residential swimming pools, spas and related
products to its customers. The Company serves its customers through a network of
over 40 sales design centers in 23 geographic markets in 16 states. It also
sells pool-related consumables, replacement parts, equipment and supplies
through retail service centers.

This press release contains statements that are forward-looking, as that term is
defined by the Private Securities Litigation Reform Act of 1995 or by the
Securities and Exchange Commission in its rules, regulations, and releases. The
Company intends that such forward-looking statements be subject to the safe
harbors created thereby. The Company assumes no obligation to update or revise
any such statements, whether as a result of new information or otherwise. All
forward-looking statements are based on current expectations regarding important
risk factors, including but not limited to: dependence on existing management;
consumer spending; market conditions and weather. A number of those risks,
trends and uncertainties are discussed in the Company's SEC reports, including
the Company's annual report on Form 10-K and quarterly reports on Form 10-Q.
Accordingly, actual results may differ from those expressed in the
forward-looking statements, and the making of such statements should not be
regarded as a representation by the Company or any other person that results
expressed therein will be achieved.