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[VERDANTS LOGO]
VERDANT BRANDS(TM)
For a greener, healthier environment.
PRESS RELEASE_______________
FOR IMMEDIATE RELEASE
Verdant Brands, Inc.
9555 James Avenue S, Suite 200
Bloomington, MN 55431-2543
(952) 703-3300 Fax: (952) 887-1300
RELEASE DATE: December 29, 2000
RELEASE SOURCE CONTACT: Bruce Mallory, President and COO
SENIOR SECURED LENDER GIVES NOTICE TO VERDANT BRANDS
Verdant Brands' senior secured lender has indicated that it is unwilling to
permit the continued use of its collateral proceeds to fund operations in a way
that allows the Company to proceed in a normal operating mode. Verdant intends
to seek new financing to replace the present senior secured lender, but is
uncertain as to its ability to secure such financing or its ability to do so on
timely basis. Failure to obtain alternative financing may adversely affect
Verdant's ability to continue to operate and may force Verdant to explore other
alternatives to preserve its ability to operate.
Verdant Brands, Inc. * 9555 James Avenue South, Suite 2000 *
Bloomington, MN 55431-2543
(612) 703-3300 * Fax: (612) 887-1300
