Pictured above: United Land President Chuck Stewart overlooks Tuscaloosa Resources, Inc.’s (TRI) East Brookwood Mine. Walter Industries, Inc. acquired TRI in August 2007 as part of its acquisition growth strategy. TRI adds 800,000 tons of incremental coal to Walter Industries, Inc.’ annual production capacity.





Safe Harbor Statement
Except for historical information contained herein, the statements in this report are forward-looking and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the Company’s actual results in future periods to differ materially from forecasted results. Those risks include, among others, changes in customers’ demand for the Company’s products as well as changes in costs and the availability of raw material, labor, equipment and transportation. Other risks include changes in geologic and weather conditions, changes in extraction costs and pricing in the Company’s mining operations, changes in customer orders, pricing actions by the Company’s competitors, changes in law, changes in the mortgage-backed capital markets and changes in economic conditions. Those risks also include the timing of and ability to execute any strategic actions that may be pursued. Risks associated with forward-looking statements are more fully described in the Company’s filings with the Securities and Exchange Commission. The Company assumes no duty to update its forward-looking statements as of any future date.