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    Easy Gardener Products Trust I, 9.40% Cumul Trust Preferred Securities
    Ticker Symbol: EZGRP*     CUSIP: 27785A200     Exchange: OTOTC
    Security Type:   Trust Preferred Security
    * NOTE: This security is no longer trading as of 8/03/2007

    Security's Distribution is Suspended!

    QUANTUMONLINE.COM SECURITY DESCRIPTION:  Easy Gardener Products Trust I, formerly U.S. Home & Garden Trust I, 9.40% Cumulative Trust Preferred Securities, liquidation amount $25 per share, guaranteed by U.S. Home & Garden Inc., now Easy Gardner Products Ltd, redeemable at the issuer's option on or after 4/15/2003 at $25 per share plus accrued and unpaid dividends, maturing 4/15/2028, distributions of 9.40% ($2.35) per annum are paid monthly on the 15th day of each month to holders of record one business day prior to the payment date while the securities remain in book-entry form. The company has the right, at any time, to defer dividend payments for up to 20 consecutive quarters (but not beyond the maturity date). The trust's assets consist of the 9.40% Junior Subordinated Deferrable Interest Debentures due 4/15/2028 which were purchased from the company using the funds generated from the sale of the trust preferred securities. These securities are subject ot original issue discount (OID) accruals when distributions are deferred (see page 85 of the prospectus for further information on OID accruals). See the IPO prospectus for further information on the trust preferred securities by clicking on the ‘Link to IPO Prospectus’ provided below.
    Stock
    Exchange
    Cpn Rate
    Ann Amt
    LiqPref
    CallPrice
    Call Date
    Matur Date
    Moodys/S&P
    Dated
    Distribution Dates 15%
    Tax Rate
    OTOTCn
    OTOTCps
    9.40%
    $2.35
    $25.00
    $25.00
    4/15/2003
    4/15/2028
    NF NF
    2/22/2006
    Suspended!
    15th day of each month
    Click for MW ExDiv Date
    Click for Yahoo ExDiv Date
    No

    Notes:  8/3/2007 -- Liquidation as of 8/3/2007. ____________ 4/20/2006 -- See the "Easy Gardener Announces Sale of Assets, Amendments to Senior Secured Financing Agreements and Voluntary Chapter 11 Filing" news release on the Easy Gardner website for the most recent status on EZY-A. __________ Sep 20, 2005 -- Easy Gardener Products, Ltd. today provides updated guidance in regards to the deferral of the interest on its 9.40% Cumulative Trust Preferred Securities. The Company is allowed to and has elected, commencing with the August 15, 2004 interest date, to defer the interest on the 9.40% Cumulative Trust Preferred Securities. The deferral does not change the Company's obligation to make the monthly interest payments but allows the payments to be made at a later date. Deferred payments earn interest monthly at the annualized rate of 9.40%. The Company continues to have attractive sales growth, with net sales for the year ended June 30, 2005 increasing 7.1% over the year ended June 30, 2004 and the net sales for the year ended June 30, 2004 increasing 9.0% over the prior year. The growth in sales comes from the introduction of new products, the new distribution of existing products and price increases. However, continued pricing pressure from customers, price increases from suppliers and adverse weather in the peak gardening season have negatively impacted operating performance. The Company believes that the best use of its current cash flow is to increase its investment in new products and to accelerate the repayment of its term loans on which the interest costs increase each time the prime rate of interest increases. The weighted average interest rate on the Company's term loans outstanding was 17.7% at August 31, 2005. As a result of the matters described above, the Company believes that it will continue to defer the interest on the 9.40% Cumulative Trust Preferred Securities for a period longer than originally anticipated, (which was 24 to 30 months from the October 15, 2004 Form 8-K filing date) and may defer the interest for up to the 60 months as permitted. ________ Jul 22, 2004 -- Easy Gardener filed an 8-K today announcing lower than expected EBITDA for its fourth quarter ending June 30, 2004. The result of the lower EBITDA is that under its arrangement with senior lenders, the payments on its Trust Preferred Securities are required to be deferred. The lower EBITDA also has exceeded the Maximum Senior Leverage Ratio amount required by its senior lenders. ______ Effective November 1, 2003, the Company acquired substantially all of the operating assets and assumed substantially all of the liabilities of U. S. Home & Garden Inc., the Predecessor.

    IPO - 4/15/1998 - 2.20 Million Shares @ $25.00/share.    Link to IPO Prospectus
    Previous Ticker Symbol: EZY-A    Changed: 6/21/2006
    Previous Name: U.S. Home & Garden Trust I, 9.40% Cumul Trust Pfd Securities    Changed: 10/29/2003
    Market Value $11.7 Million

    Company's Online Information Links
    HOME PAGE:     http://www.easygardener.com/

    Company's Online SEC EDGAR Filings
    Company's SEC EDGAR Filings Go to SEC Filings

    Company's Email Address Links
    Inv Rel Email Address dickk@easygardener.net
    General Email Address info@easygardener.com
    Email Contact Form on Website Go to Email Form

    Address and Phone Numbers
    Address:   3022 Franklin Avenue, Waco, TX 76710
    Main Phone Number 254-753-5353
    Fax Number 254-753-5372
    Investor Contact (CFO)   Dick Kurz 254-753-5353
    CEO - Richard M. Grandy CFO - Richard M. Kurz

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