LOUD Technologies Inc. Bolsters
Supply Chain Management Expertise
WOODINVILLE, WA – March 19, 2009 – LOUD Technologies Inc. (“LOUD”) today announced the appointment of Paul Yue as Director of Procurement and Kevin Mahony as Director of Operations, Asia -- both newly created positions.
“Kevin and Paul bring more than 30 cumulative years of supply chain strategy, management and quality control experience to LOUD,” commented Jim Stewart, LOUD’s chief operating officer.
Yue joins LOUD from Philips Healthcare where he most recently developed and managed a Chinese-based manufacturing joint venture relationship for the company’s medical imaging business. He will focus on optimizing LOUD’s material supply chains and developing strategies for key commodities.
With more than 15 years’ experience in pro audio manufacturing and supply chain strategy development, Mahony will oversee demand plan fulfillment and quality control across LOUD’s Asian suppliers. Prior to joining LOUD, Mahony served as Vice General Manager for Eminence and managed the company’s Dongguan manufacturing facility.
“The addition of Paul and Kevin to LOUD’s operations team will enable us to improve efficiency, stabilize output and increase quality control across LOUD’s manufacturing facilities, as well as refine the Company’s long-term supply chain management strategy to ensure future growth,” added Stewart.
Yue will be based in LOUD’s Woodinville, WA USA headquarters while Mahony will be based in LOUD’s Shenzen, China office; both will report to Jim Stewart.
About LOUD Technologies Inc.
LOUD Technologies Inc. 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, and guitar and bass amplifiers. 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.