Mackie Designs Inc. Announces Fourth Quarter Results

February 22, 2000 – Woodinville, Wash. – Mackie Designs Inc. (Nasdaq: MKIE) today announced revenues and earnings for the quarter ended December 31, 1999. Revenues for the fourth quarter were $43 million, compared with $35 million for the corresponding quarter in 1998, an increase of 23%. Revenues for 1999 were $154 million compared to $102 million in 1998. Net income for the quarter was $1.8 million, or $0.15 per share, compared with net income of $1.4 million, or $0.11 per share, in the fourth quarter of 1998, an increase of 36%.

"This is the third consecutive quarter in which we have set a revenue record", stated Jamie Engen, Chief Operating Officer. "More importantly the $0.15 earnings per share is our best quarterly result since the second quarter of 1996, and the highest earnings we have had in the last fourteen quarters. We are excited to enter the new millenium with such positive growth signs and look forward to continued growth throughout this year."

Company Chairman, Greg Mackie, commented, "The growth in revenues is important for Mackie as it verifies that we are able to enter new markets and gain acceptance in those markets. We will continue to expand our product line and with this expansion we look forward to higher margins and increased profitability. Our focus on cost control is making a difference on our bottom line."

Forward-Looking Statements
This press release contains statements that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations, estimates and projections about the Company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above and the following: changes in demand for the Company's products, product mix, the timing of customer orders and deliveries, the impact of competitive products and pricing, constraints on supplies of critical components, excess or shortage of production capacity, difficulties encountered in the integration of acquired businesses and other risks discussed from time to time in the Company's Securities and Exchange Commission filings and reports. In addition, such statements could be affected by general industry and market conditions and growth rates, and general domestic and international economic conditions. Such forward-looking statements speak only as of the date on which they are made, and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release.

About Mackie
Mackie Designs Inc. is known worldwide as a leading manufacturer and marketer of high-quality, affordable professional audio systems. Mackie products can be found in professional and project recording studios, video and broadcast suites, post production facilities, sound reinforcement applications including churches and nightclubs, retail locations and on major musical tours. Mackie Designs Inc. products are marketed by 54 distributors to more than 100 countries around the world.

"Mackie." is a registered trademark of Mackie Designs Inc. in the United States and other countries.