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Kwikset and K. Hovnanian Enterprises Announce Exclusive Partnership

Lake Forest, CAOctober 2004 - Kwikset®, America’s #1 selling lockset and a Black & Decker Company (NYSE: BDK), has been named as the exclusive supplier to K. Hovnanian Enterprises (NYSE: HOV) for door hardware and entryway security devices.

With the agreement K. Hovnanian Enterprises with be supplied with an extensive range of hardware products from the most trusted brands of door hardware including Kwikset®, Weiser Lock® and Baldwin® Hardware.

More than fifteen thousand new construction homes are built by K. Hovanian Enterprises in fourteen U.S. markets annually which are known for dependability and quality.

Jimmy Pendley, Kwikset Vice President of Product Marketing and Field Sales commented, “The convenience and innovative of our hardware products fit perfectly with the Hovnanian commitment to home quality and family value. Hovanian families benefit by having America’s #1 Selling Lockset fashionably installed and protecting their new home."

K. Hovnanian Enterprises, Inc. founded in 1959 by Kevork S. Hovnanian, Chairman, is headquartered in Red Bank, New Jersey. The Company is one of the nation's largest homebuilders marketed and sold under the trade names K. Hovnanian, Washington Homes, Goodman Homes, Matzel & Mumford, Diamond Homes, Westminster Homes, Fortis Homes, Forecast Homes, Parkside Homes, Brighton Homes, Parkwood Builders and Summit Homes.

K. Hovnanian Four Seasons is known as a leader in planned active adult communities, designed for people 55 years and older.

There’s hardly a door that Kwikset can’t make more attractive or more secure. For more than fifty years Kwikset has meant security and peace of mind for millions of families. No wonder more people trust their doors, inside and out, to the beauty and strength of Kwikset, America’s #1 selling lockset.

Visit www.Kwikset.com or call 1-800-327-LOCK.

Kwikset®, Baldwin® Hardware, Weiser Lock® and Price Pfister® are part of the Black & Decker Hardware & Home Improvement Group (NYSE: BDK). www.bdhhi.com

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