In a joint statement, Hunt and Kanter said, "Having successfully
restructured our finances , Syratech is now well positioned for future growth.
Giftware items include coffee and tea services , goblets, pitchers,
candlesticks, collectables and other decorative items.

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The company's tabletop , giftware and seasonal products include sterling
silver, silverplated and stainless steel flatware , hollowware, seasonal
decorative items, glassware, picture frames, photo albums and porcelain.

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The collection of cotton prints, including ten designs in multiple
colorways, will be launched in October 2005 at the International Quilt
Festival in Houston, TX.

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announced today that they will partner with Cranston, through its Quilting
Treasures(TM) brand, to introduce a premier collection of Karen Neuburger(R)
fabrics.

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New management team to focus on product innovation as company successfully
emerges from Chapter 11 restructuring

BOSTON, Syratech Corp. Hunt will retain his seat on the
Company's board representing management. Cranston, a division of Cranston Print
Works Company, is an employee-owned company established in 1824 and is the
oldest textile printer in the country.

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Syratech Names Hunt and Kanter Co-CEOs

He has extensive
experience in corporate restructuring as well as strategic business plan
development, acquisition profiling, and the management of corporate
organizations and manufacturing operations. The designs, which will be sold exclusively at
independent fabric shops, will be available for consumer purchase in January
2006.com .

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"We are very excited to have the opportunity to work with the Karen
Neuburger brand," said Andrew F.

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Syratech.CranstonVillage.

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today announced that it has
named Gregory W.

Karen Neuburger Partners with Cranston to Launch Premier Fabric Line

Today Karen Neuburger products can be found in over 10,000
retail stores nationwide, including Nordstrom, Von Maur, Marshall Field's ,
Macy's West, Parisian, Dillard's, Carson Pirie Scott, Elder-Beerman,
Gottschalks stores and a variety of gift and specialty stores.

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"We are thrilled to offer women and home crafters the opportunity to
create quilts, apparel, handcrafts, and home decor with Karen Neuburger
fabrics," said Dustin Eber, President of KN Ltd. Through a range of strategic licensing partnerships, the company
offers a broad range of fashion and home items, including sleepwear for women,
men, kids and infants, intimate apparel, loungewear, lounge socks, fashion and
basic and infant bedding, luxury mattresses and home fashion accessories.

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Sylvia, President of Cranston.)
KN Ltd.com,
and Oprah.

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SAN RAFAEL , Calif.
Quilting Treasures(TM) by Cranston(R)'s collection of Karen Neuburger(R)
fabrics will be available at specialty independent fabric and quilt stores
across the United States and in 21 countries around the world."

About Karen Neuburger (KN Ltd.

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The company also noted that it successfully emerged from a previously
announced voluntary Chapter 11 bankruptcy on June 2 with a new $45 million
senior credit facility from CapitalSource Finance LLC.com) designs,
manufactures , markets, imports and distributes many of the leading brands in
home fashion, including Wallace Silversmiths , Towle Silversmiths,
International Silver Company, Melannco International, and Rochard., Karen Neuburger /KN Ltd. The Karen
Neuburger (R) brand is synonymous with comfort-inspired fashion and home
merchandise .

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Much of Cranston's staying power
through its 180 years has been credited to the company's ability to produce
cutting edge designs, customer service and a strong commitment to the
community, all of which is made possible through the dedication of their
talented employees.

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Hunt, who joined Syratech in 2001 as EVP-CFO, has more than 20 years'
financial and operations management experience with private and public
consumer product, manufacturing and real estate companies. Karen
Neuburger products can also be found online at Nordstrom.

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We have made great strides with the very successful addition of the Vera Wang
Silver and Gift brand along with new product offerings within our core product
groups. This has created the foundation for additional licenses and innovative
platforms for growth.

For more information, visit
http://www.

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Hunt, Executive Vice President and Chief Financial Officer,
and Alan Kanter, Executive Vice President of Sales and Product Marketing , as
the company's Co-CEOs.com.

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In the newly created role of Co-CEO, Hunt and Kanter are committed to
creating differentiation in the market through new product innovations and a
continued focus on meeting consumer needs. is the lifestyle design company that owns the trademark rights for
the brand names, Karen Neuburger (R) and KN Karen Neuburger (R).
Karen Neuburger recently introduced a new line of scrapbooking materials and
accessories.

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Robert Meers, who had been CEO, has left the company
at the end of his three-year contract.
Their diverse backgrounds are well suited to complement each other as they
lead the company toward continued growth."

About Syratech
Founded in 1986, Syratech Corporation (http://www.

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karenneuburger.

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Supporting the new product
initiatives will be a renewed focus on creating stronger alliances with key
retail partners solidifying distribution on Syratech's core product offerings.com .

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"This
collaborative effort between our talented design teams will allow us to bring
the very best product to the market place. For more information, visit http://www.

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With over 25 years of experience in the tabletop industry, Kanter has been
instrumental in developing Syratech into an industry leader in the tabletop,
housewares and home decor segments . He has worked at Syratech since its
inception in 1986 in a variety of positions, including responsibility for
sales forecasting and overall management of Syratech's global sales force.

About Cranston
Quilting Treasures(TM) by Cranston(R) offers premium fabrics and designs
created for the dedicated quilter.

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Karen Neuburger's distinctive cottage floral and print coordinates have
brought a comfy, cozy touch to the brand's bedding, home accessories,
scrapbook and craft materials, as well as sleepwear for the whole family since
1994.com, Dillards.