NTK Holdings, Inc. and Nortek, Inc. Announce Results of Solicitation of Votes for Prepackaged Plan of Reorganization

NTK Holdings, Inc. and Nortek, Inc. Announce Results of Solicitation of Votes
for Prepackaged Plan of Reorganization

PROVIDENCE, R.I., Oct. 20 /PRNewswire-FirstCall/ -- NTK Holdings, Inc. ("NTK")
and Nortek, Inc. ("Nortek" and, together with NTK, the "Companies") today
announced that the Companies have received votes accepting their prepackaged
plans of reorganization (the "Prepackaged Plan") from all voting classes of
Nortek creditors and one voting class of NTK creditors.

The Companies also announced that they have agreed with certain of their
creditors to briefly extend the deadline before which they are to commence
their Chapter 11 cases.

The Companies are continuing to move forward with their anticipated
restructuring and eventual confirmation of the Prepackaged Plan, as previously
announced.

Nortek (through its subsidiaries) is a leading diversified global manufacturer
of innovative, branded residential and commercial ventilation, HVAC and home
technology convenience and security products. Nortek offers a broad array of
products including: range hoods, bath fans, indoor air quality systems,
medicine cabinets and central vacuums, heating and air conditioning systems,
and home technology offerings, including audio, video, access control,
security and other products.

This press release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. When used in this
discussion and throughout this document, words, such as "intends", "plans",
"estimates", "believes", "anticipates" and "expects" or similar expressions
are intended to identify forward-looking statements. These statements are
based on Nortek's current plans and expectations and involve risks and
uncertainties, over which Nortek has no control, that could cause actual
future activities and results of operations to be materially different from
those set forth in the forward-looking statements. Important factors that
could cause actual future activities and operating results to differ include
the availability and cost of certain raw materials -- (including, among
others, steel, copper, packaging materials, plastics and aluminum) and
purchased components, the level of domestic and foreign construction and
remodeling activity affecting residential and commercial markets, interest
rates, employment, inflation, foreign currency fluctuations, consumer spending
levels, exposure to foreign economies, the rate of sales growth, price,
product and warranty liability claims, any amendments to the Plan of
Reorganization, whether or not the Plan of Reorganization is confirmed by the
bankruptcy court, and whether or not Nortek and its domestic subsidiaries
conclude their chapter 11 cases in the anticipated timeframe or at all.
Readers are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date hereof. Nortek undertakes no
obligation to update publicly any forward-looking statements, whether as a
result of new information, future events or otherwise. All subsequent written
and oral forward-looking statements attributable to Nortek or persons acting
on its behalf are expressly qualified in their entirety by these cautionary
statements. Readers are also urged to carefully review and consider the
various disclosures made by Nortek, herein, as well as its periodic reports on
Forms 10-K, 10-Q and 8-K, filed with the Securities and Exchange Commission.

CONTACT: Richard L. Bready, Chairman and CEO or Edward J. Cooney, Vice
President and Treasurer, of Nortek, Inc., 401-751-1600

SOURCE NTK Holdings, Inc.

Richard L. Bready, Chairman and CEO or Edward J. Cooney, Vice President and
Treasurer, both of Nortek, Inc., +1-401-751-1600