Exhibit 99.3

            ACORN PRODUCTS TO REMAIN LISTED ON NASDAQ SMALLCAP MARKET

         COLUMBUS, Ohio, January 8, 2003 -- Acorn Products, Inc. (NASDAQ: ACRN)
announced today that the Nasdaq Listing Qualifications Panel had determined to
allow the continued inclusion of Acorn Products' common stock on the Nasdaq
SmallCap Market, noting that the Company appears to comply with all quantitative
listing requirements.

         The Company has been asked to provide additional materials to the
Listing Qualifications Panel to verify that it complies with all listing
requirements. Effective with the open of business on January 9, 2003, the
Company's trading symbol will be changed to "ACRNC." The "C" will be removed
from the Company's symbol once the Listing Panel has confirmed compliance with
all listing criteria.

         Acorn Products, Inc., through its operating subsidiary UnionTools,
Inc., is a leading manufacturer and marketer of non-powered lawn and garden
tools in the United States. Acorn's principal products include long handle tools
(such as forks, hoes, rakes and shovels), snow tools, posthole diggers,
wheelbarrows, striking tools and cutting tools. Acorn sells its products under a
variety of well-known brand names, including Razor-Back(TM), Union(TM), Yard 'n
Garden(TM), Perfect Cut(TM) and, pursuant to a license agreement, Scotts(TM). In
addition, Acorn manufactures private label products for a variety of retailers.
Acorn's customers include mass merchants, home centers, buying groups and farm
and industrial suppliers.

         Razor-Back(TM), Union(TM), Yard 'n Garden(TM) and Perfect Cut(TM) are
registered trademarks of Acorn. Scotts(TM) is a registered trademark of The
Scotts Company.

         The statements contained herein that are not purely historical are
forward looking statements within the meaning of the Securities Exchange Act of
1934, including statements regarding Acorn's expectations regarding compliance
with Nasdaq's listing requirements. All forward looking statements contained
herein are based upon information available to Acorn as of the date hereof, and
Acorn assumes no obligation to update any such forward looking statements.
Actual results could differ materially from Acorn's current expectations.
Factors that could cause or contribute to such differences include, but are not
limited to, the factors and risks discussed in Acorn's Annual Report on Form
10-K for the fiscal year ended December 31, 2001, and the other reports filed
from time to time by Acorn with the Securities and Exchange Commission.

Contact: John G. Jacob, Vice President and Chief Financial Officer of Acorn
Products, Inc. (614) 222-4400.