EXHIBIT 99.1

    Spectrum Brands Announces Postponement of Strategic Asset Sale

    ATLANTA--(BUSINESS WIRE)--Oct. 17, 2007--Spectrum Brands, Inc.
(NYSE:SPC) announced today that it is postponing its previously
announced strategic asset sale process due to recent challenging
conditions in the credit markets. Spectrum Brands Chief Executive
Officer Kent Hussey said, "We are still committed to reducing
outstanding indebtedness and leverage through the sale of assets. We
believe that postponing the auction process until such time as the
credit markets improve will allow us to achieve a full and fair
valuation of these assets."

    On October 1, 2007, Spectrum Brands put in place a $225 million
asset-based revolving credit facility. The company reiterated that
this facility, which was undrawn at September 30, 2007, provides
sufficient liquidity to operate its business on an ongoing basis.

    Forward Looking Statements

    Certain matters discussed in this news release, with the exception
of historical matters, may be forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. These
statements are subject to a number of risks and uncertainties that
could cause results to differ materially from those anticipated as of
the date of this release. Actual results may differ materially from
these statements as a result of (1) changes in external competitive
market factors, such as introduction of new product features or
technological developments, development of new competitors or
competitive brands or competitive promotional activity or spending,
(2) changes in consumer demand for the various types of products
Spectrum Brands offers, (3) changes in the general economic conditions
where Spectrum Brands does business, such as interest rates, currency
exchange rates, inflation, consumer spending and raw material costs,
(4) the company's ability to successfully implement manufacturing,
distribution and other cost efficiencies, and various other factors,
including those discussed herein and those set forth in Spectrum
Brands' securities filings, including the most recently filed Annual
Report on Form 10-K and Quarterly Report on Form 10-Q.

    About Spectrum Brands, Inc.

    Spectrum Brands is a global consumer products company and a
leading supplier of batteries, portable lighting, lawn and garden
products, household insect control, shaving and grooming products,
personal care products and specialty pet supplies. Spectrum Brands'
products are sold by the world's top 25 retailers and are available in
more than one million stores in 120 countries around the world.
Headquartered in Atlanta, Georgia, Spectrum Brands generated net sales
of $2.5 billion in fiscal 2006 and has approximately 7,500 employees
worldwide. The company's stock trades on the New York Stock Exchange
under the symbol SPC.

    CONTACT: Spectrum Brands
             Investor Contact:
             Nancy O'Donnell, 770-829-6208 (VP Investor Relations)
             or
             Sard Verbinnen & Co for Spectrum Brands
             Media Contact:
             Victoria Hofstad or Jamie Tully, 212-687-8080