NTK HOLDINGS REPORTS 2007 SALES AND OPERATING EARNINGS

Exhibit 99.1

Richard L. Bready, Chairman and CEO

Edward J. Cooney, Vice President and Treasurer

(401) 751-1600

IMMEDIATE

[Note to Editors: The following NTK Holdings release is similar to the Nortek, Inc. release on fourth-quarter financial results except primarily for the impact of certain NTK Holdings senior discount notes, senior unsecured loan facility and amounts reported as shareholders investment.]

NTK HOLDINGS REPORTS

2007 SALES AND OPERATING EARNINGS

PROVIDENCE, RI, April 15, 2008—NTK Holdings, Inc. (“NTK Holdings”), the parent company of Nortek Holdings, Inc. (“Nortek Holdings”) and Nortek, Inc. (“Nortek”), a leading diversified global manufacturer of innovative, branded residential and commercial ventilation, HVAC and home technology convenience and security products, today announced 2007 financial results.

Richard L. Bready, Chairman and Chief Executive Officer, said, “I am pleased to report that NTK Holdings managed its business well in 2007. Results were, however, adversely impacted by the troubled mortgage market which led to a significant decline in new housing activity and reduced sales of existing homes.

Consumer spending on home remodeling and repair was also impacted due to lower home sales. More recently, a decline in consumer confidence has resulted in lower sales across all of our markets. Operating margins continue to be challenged by higher commodity costs which have been only partially offset by NTK Holdings’ ongoing efficiency initiatives.”

Key financial highlights for 2007 included:

·	Net sales of $2,368 million, an increase of 6.8 percent, compared to the $2,218 million recorded in 2006.

·	Operating earnings of $185.3 million compared to $264.5 million in 2006.

·	Depreciation and amortization expense of $65.1 million compared to $61.2 million in 2006.

·	Acquisitions contributed approximately $145.4 million in net sales and $16.7 million to operating earnings for the year ended December 31, 2007.

Key financial highlights for the fourth quarter of 2007 included:

·	Net sales of $569 million, an increase of 5.2 percent, compared to the $541 million recorded in the fourth quarter of 2006.

·	Operating earnings of $38.2 million compared to $35.5 million in the fourth quarter of 2006.

·	Depreciation and amortization expense of $18.2 million compared to $17.0 million in last year’s fourth quarter.

·	Acquisitions contributed approximately $25.6 million in net sales and $(0.6) million to operating earnings in the fourth quarter of 2007.

As of December 31, 2007, NTK Holdings had approximately $53 million in unrestricted cash and cash equivalents and had $35 million of borrowings outstanding under Nortek’s $200-million revolving credit facility.

Mr. Bready added, “Our outlook for 2008 is for the challenging market conditions to continue. Additionally, the instability in the mortgage market is expected to continue to impact consumer confidence and their spending on home remodeling and repair expenditures. NTK Holdings is looking at its business with the long-term view and a continued focus on its low-cost country sourcing strategy and cost-reduction initiatives. Balance sheet management is an extremely important priority for all of our businesses so we can maximize our cash flow from operating activities. During this challenging environment, we will only fund necessary capital investments that will improve our business operations.”

NTK Holdings*, the parent company of Nortek Holdings* and Nortek*, is a leading diversified global manufacturer of innovative, branded residential and commercial ventilation, HVAC and home technology convenience and security products. NTK Holdings and Nortek offer 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.

*As used herein, the terms “NTK Holdings,” “Nortek Holdings” or “Nortek” refers to NTK Holdings, Inc., together with its subsidiaries, unless the context indicates otherwise. These terms are used for convenience only and are not intended as a precise description of any of the separate corporations, each of which manages its own affairs.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on Nortek’s current plans and expectations and involve risks and uncertainties 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 impacting such forward-looking statements include the availability and cost of raw materials and purchased components, the level of construction and remodeling activity, changes in general economic conditions, the rate of sales growth and product liability claims. Nortek undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise. For further information, please refer to the reports and filings of NTK Holdings and Nortek with the Securities and Exchange Commission.

# # #

Exhibit 99.1

NTK HOLDINGS, INC. AND SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED SUMMARY OF OPERATIONS

	For the Fourth Quarter Ended						For the Years Ended
	December 31,						December 31,
	2007			2006			2007			2006
	(Dollar amounts in millions)

Net Sales	$	569.2		$	541.1		$	2,368.2		$	2,218.4

Costs and Expenses:
Cost of products sold (see Note B)		410.2			378.9			1,679.9			1,547.3
Selling, general and administrative expense, net (see Note B)		112.2			118.0			475.5			381.7
Amortization of intangible assets		8.6			8.7			27.5			24.9
		531.0			505.6			2,182.9			1,953.9
Operating earnings		38.2			35.5			185.3			264.5
Interest expense		(46.3	)		(42.7	)		(183.7	)		(162.9	)
Investment income		0.5			0.6			2.0			2.2
(Loss) earnings before provision for income taxes		(7.6	)		(6.6	)		3.6			103.8
(Benefit) provision for income taxes		(0.8	)		2.6			10.6			46.1
Net (loss) earnings	$	(6.8	)	$	(9.2	)	$	(7.0	)	$	57.7

The accompanying notes are an integral part of this unaudited condensed consolidated summary of operations.

(A)

The unaudited condensed consolidated summary of operations includes the accounts of NTK Holdings, Inc. and all of its wholly-owned subsidiaries (individually and collectively, the “Company” or “NTK Holdings”), after elimination of intercompany accounts and transactions, without audit and, in the opinion of management, reflects all adjustments of a normal recurring nature necessary for a fair statement of the interim periods presented. It is suggested that this unaudited condensed consolidated summary of operations be read in conjunction with the consolidated financial statements and the notes included in the Company's latest annual report on Form 10-K and its Current Reports on Form 8-K as filed with the Securities and Exchange Commission (“SEC”).

(B)

During the fourth quarter ended December 31, 2007 and 2006, the Company’s results of operations include the following (income) and expense items recorded in cost of products sold and selling, general and administrative expense, net in the accompanying unaudited condensed consolidated summary of operations:

	For the Fourth Quarter
	Ended December 31, *
	2007			2006
	(Amounts in millions)

Charges related to the closure of the Company's NuTone, Inc. Cincinnati, OH facility	$	---		$	(0.6	)
Charges related to the closure of the Company's Mammoth, Inc. Chaska, MN facility		1.1			---
Charges related to the closure of the Company's Jensen, Inc. Vernon, CA facility (1)		0.9			---
(Gains) losses related to certain suppliers based in Italy and Poland		(6.7	)		16.0
Compensation reserve adjustment		---			(3.5	)
Write-off of expenses of the Offering		---			2.5
Legal and other professional fees and expenses incurred in connection with
matters related to certain subsidiaries based in Italy and Poland		(0.1	)		---
Fees and expenses incurred in the HTP segment in connection with a dispute
with one of its suppliers		1.2			---
Product safety upgrade reserves in the HTP segment (2)		---			(1.7	)
Reserve for amounts due from customers in the HVAC segment		---			1.2
Foreign exchange gains related to transactions, including intercompany
debt not indefinitely invested in the Company's subsidiaries		(0.3	)		(1.7	)
	$	(3.9	)	$	12.2

Unless otherwise indicated, all items noted in the table have been recorded in selling, general and administrative expense, net in the accompanying unaudited condensed consolidated summary of operations.

(1)

For the fourth quarter ended December 31, 2007, approximately $0.2 million of the charges related to the closure of Jensen, Inc. was recorded in cost of products sold and approximately $0.7 million was charged to selling, general and administrative expense, net.

(2)

The HTP segment recorded these product safety upgrade reserves in cost of products sold.

During the year ended December 31, 2007 and 2006, the Company’s results of operations include the following (income) and expense items recorded in cost of products sold and selling, general and administrative expense, net in the accompanying unaudited condensed consolidated summary of operations:

	For the Years Ended
	December 31, *
	2007		2006
	(Amounts in millions)

Gain from curtailment of post-retirement medical and life insurance benefits	$	---	$	(35.9	)
Charges related to the closure of the Company's NuTone, Inc. Cincinnati, OH facility (1)		1.8		3.5