Raphael Benaroya, president and CEO of Kid Brands Inc., which includes LaJobi children's furniture, outlined a plan to bring the company back to profitability.

Kid Brands Inc. announced today that, in accordance with procedures of the New York Stock Exchange, the company has notified the NYSE that it intends to submit, no later than January 28, 2013, a plan that the company believes will demonstrate its ability to attain compliance, within 18 months, with the continued listing standards of the NYSE.

Kid Brands Inc. provided an update on its expected financial results for the year ended December 31, 2011. The Company also announced today that, in recognition of the view of the Staff of the Securities and Exchange Commission =with respect to the impact of certain anticipated customs duties on prior periods, the Company will restate specified financial statements.

EAST RUTHERFORD, NJ -- Kid Brands Inc., a manufacturer of juvenile furniture and other products, posted a 13.1% increase on total sales of $275.8 million in 2010 while continuing an internal investigation involving its LaJobi brand.