LOUD Technologies Inc. Awards Japanese
Mackie & TAPCO Distribution to Onkyo Tokki
Adds to Onkyo Tokki's Existing EAW Brand Distribution
WOODINVILLE, WA – January 12, 2009 – LOUD Technologies Inc. (NasdaqCM: LTEC) (“LOUD”) today announced 2 new contract manufacturing (“CM”) partners and the reallocation of production for certain EAW and Mackie products across its worldwide supply chain to replace capacity lost when the prior CM for those products discontinued operations in December, 2008.
Meanwhile, supplies of all other EAW and Mackie products, as well as Alvarez, Ampeg, Crate and Martin branded products continue uninterrupted, as they are manufactured at other LOUD CM partners.
“We were already moving to secure alternate EAW and Mackie production sources in response to growing backlogs with this prior supplier, and these efforts remain LOUD’s top priority. We just signed manufacturing agreements with 2 new contract manufacturers and added additional capacity at a LOUD-owned U.S. facility,” commented Jim Stewart, LOUD chief operating officer. “We already have new lines up and running for EAW KF and SB loudspeakers, as well as Mackie MR and HRmk2 studio monitors, and plan to bring up additional lines for other products every few weeks until supplies are stabilized.”
About LOUD Technologies Inc.
LOUD Technologies Inc. (NasdaqCM: LTEC) is one of the largest manufacturers and marketers of professional audio and music products. As the corporate parent for world‑recognized brands including Alvarez, Ampeg, Crate, EAW, Mackie, Martin Audio and TAPCO, LOUD produces a wide range of digital recording products, loudspeakers, commercial audio systems, audio and music software, guitars, guitar and bass amplifiers and orchestral string instruments. LOUD’s brands may be found in professional and project recording studios, video and broadcast suites, post-production facilities, sound reinforcement applications including churches, nightclubs and retail locations, and on major musical tours. For more information, please see our website: www.loudtechinc.com.
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.
For more information please contact: LOUD Technologies Inc. – 16220 Wood-Red Road N.E. – Woodinville, WA 98072 – Phone: (425) 487-4333 – Fax: (425) 487-4337 – Internet: www.loudtechinc.com.