Exhibit 99.1

Coleman Cable, Inc. Reports Strong Second-Quarter 2011 Financial Results

Announces Entry into a New Five-Year $250 Million Revolving Credit Agreement

with Enhanced Flexibility

WAUKEGAN, Ill., August 4, 2011 — Coleman Cable, Inc. (NASDAQ: CCIX) (the “Company,” “Coleman,” “we,” “us,” or “our”), a leading manufacturer and innovator of electrical and electronic wire and cable products, announced second-quarter 2011 financial results.

Highlights

Outlook

Second-Quarter 2011 Results

Net sales increased 26.3 percent for the second quarter to $219.9 million versus $174.0 million for the second quarter of 2010, on a 2.5 percent increase in sales volume (measured in total pounds shipped, excluding TRC). Second-quarter 2011 Adjusted EPS and Adjusted EBITDA were $0.37 per diluted share and $21.5 million, respectively, compared to $0.23 per diluted share and $17.5 million, respectively, for the second quarter of 2010.

President and CEO Gary Yetman stated, “We have been busy this quarter with the integration of our three new acquisitions and are quite pleased to have finished a strong first half by generating second-quarter results at the high end of our outlook. Our Adjusted EPS grew nearly 61 percent over the second quarter of 2010 as a result of higher sales and gross profit.”

Mr. Yetman concluded, “We continue to believe our business is well positioned and that our recent acquisitions will not only strengthen, but also broaden, our already diverse portfolio, providing us with new product lines. While we remain concerned with the potential near-term impact of higher commodity

prices, inflationary pressures and other economic uncertainties, our outlook for the third quarter reflects our belief that our overall results should continue to be strong, with the second half of 2011 further benefiting from an uptick in our seasonal business.”

On a GAAP basis, the Company recorded earnings of $0.25 per diluted share for the second quarter compared to $0.18 per diluted share last year. Second-quarter 2010 results included $0.2 million ($0.2 million after tax, or $0.01 per diluted share) related to a foreign currency transaction loss. Meanwhile, second-quarter 2011 results included acquisition-related costs of $1.7 million ($1.3 million after tax, or $0.07 per diluted share) and a gain of $0.8 million ($0.8 million after tax, or $0.04 per diluted share) recorded in relation to the Company’s previous 4.8 percent interest in TRC. Additionally, second-quarter results for the 2011 and 2010 periods included restructuring charges and share-based compensation expense. All of these items are excluded from the Company’s Adjusted EBITDA and Adjusted EPS results. Please see the attached schedules for a full reconciliation of GAAP results to adjusted results.

Share Repurchase Plan

On August 3, 2011, the Company’s board of directors authorized a share repurchase plan for the purchase of up to 500,000 shares of the Company’s common stock in open market or privately negotiated transactions over the next 24 months. There can be no assurance that any share purchases will be made. The number of shares actually purchased will depend on various factors, including limitations imposed by the Company’s debt instruments, the price of its common stock, overall market and business conditions and management’s assessment of competing alternatives for capital deployment.

Non-GAAP Results

In an effort to better assist investors in understanding Coleman’s financial results, as part of this release, the Company provides Adjusted EPS and Adjusted EBITDA, both of which are measures not defined under accounting principles generally accepted in the United States (GAAP). Adjusted EBITDA is net income excluding interest expense, income taxes, depreciation and amortization expense, asset impairments, restructuring charges, gains and losses on debt repurchases and refinancings, foreign currency gains and losses recorded at our Canadian subsidiary, acquisition-related costs, gains on available for sale securities, and stock-based compensation. Adjusted EPS is net income calculated on a diluted EPS basis excluding asset impairments, restructuring costs, gains and losses on debt repurchases and refinancings, foreign currency gains and losses recorded at our Canadian subsidiary, acquisition-related costs, gains on available for sale securities, and stock-based compensation. Management uses Adjusted EBITDA and Adjusted EPS as measures in evaluating the performance of our business. Other companies may define Adjusted EBITDA and Adjusted EPS differently and, as a result, our measures of Adjusted EBITDA and Adjusted EPS may not be directly comparable to measures used by other companies. For reconciliations of the non-GAAP financial measures to the most directly comparable financial measures calculated and presented in accordance with GAAP, see the financial information set forth below.

Webcast

Coleman Cable has scheduled its conference call for Friday, August 5, 2011, at 11:00 a.m. Central time. Hosting the call will be Gary Yetman, president and CEO, and Richard Burger, executive vice president and CFO. A live broadcast of the Company’s conference call, along with accompanying visuals, will be available on-line through the Company’s Web site at http://investors.colemancable.com/events.cfm. The webcast will be archived for 90 days.

About Coleman Cable, Inc.

Coleman Cable, Inc. is a leading manufacturer and innovator of electrical and electronic wire and cable products for the security, sound, telecommunications, electrical, commercial, industrial, and automotive industries. With extensive design and production capabilities and a long-standing dedication to customer service, Coleman Cable, Inc. is the preferred choice of cable and wire users throughout North America. For more information, visit www.colemancable.com

Various statements included in this release, including those that express a belief, expectation or intention, as well as those that are not statements of historical fact constitute forward-looking statements. These statements include those made under “Outlook” and may be identified by the use of forward-looking terminology such as “believes,” “plans,” “anticipates,” “expects,” “estimates,” “continues,” “could,” “may,” “might,” “potential,” “predict,” “should,” or the negative thereof or other variations thereon or comparable terminology. In particular, statements about Coleman Cable’s expectations, beliefs, plans, objectives, assumptions or future events, financial results, earnings guidance or financial performance contained in this release are forward-looking statements. Coleman Cable has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While Coleman Cable believes these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond our control. These and other important factors, including those discussed in Coleman Cable’s most recent Annual Report on Form 10-K (available at www.sec.gov), may cause our actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements. Some of the key factors that could cause actual results to differ from Coleman Cable’s expectations include:

In addition, any forward-looking statements represent Coleman’s views only as of today and should not be relied upon as representing its views as of any subsequent date. While Coleman may elect to update forward-looking statements at some point in the future, it specifically disclaims any obligation to do so, even if its estimates change and, therefore, you should not rely on these forward-looking statements as representing Coleman’s views as of any date subsequent to today.

CCIX-G

Investor Contacts:

Philip Kranz, Dresner Corporate Services, 312-780-7240, pkranz@dresnerco.com

Financial Tables Follow

COLEMAN CABLE, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS

(Thousands, except per share date)

(unaudited)

COLEMAN CABLE, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(Thousands, except per share data)

(unaudited)

COLEMAN CABLE, INC. AND SUBSIDIARIES

Non-GAAP Results

(Thousands, except per share data)

(unaudited)

Reconciliation of Non-GAAP Financial Measures

Second Quarter 2011 Adjusted EBITDA & Adjusted EPS

Adjusted EBITDA is net income excluding interest expense, income taxes, depreciation and amortization expense, restructuring charges, gains and loss on debt refinancing, foreign currency gains recorded at our Canadian subsidiary, acquisition-related costs, gains on available for sale securities, and stock-based compensation.

Adjusted EPS is net income calculated on a diluted EPS basis excluding restructuring costs, losses on debt refinancing, foreign currency gains and losses recorded at our Canadian subsidiary, acquisition-related costs, gains on available for sale securities, and stock-based compensation.

Reconciliation of Third Quarter 2011 Earnings Target to GAAP

For the third quarter of 2011, the Company is currently estimating diluted Adjusted EPS to be in the range of $0.32 to $0.43 per share. On a GAAP basis, the Company is currently estimating diluted EPS to be in the range of $0.27 to $0.40 per share.