LOUD Technologies Inc. Restores Significant EAW and Mackie Production Capacity
WOODINVILLE, WA – March 23, 2009 – LOUD Technologies Inc. (“LOUD”) today announced it restored production in March for a number of significant EAW and Mackie product lines that were impacted when one of the Company’s contract manufacturers ceased operations in late 2008.
Specifically, the Company resumed mass production on all SKUs of the EAW AX, JF and NTL series in March. Production also began on a portion of the Mackie VLZ3 series in March, with the balance of the series entering full production in April.
“We’ve made incredible progress in restoring supplies in just three short months,” commented Jim Stewart, chief operating officer at LOUD. “In the process, we’ve added significant capacity and sophistication to our supply chain that will support the next phase in the Company’s growth.”
In January, 2009, LOUD restored production for the EAW KF and SB loudspeakers at a Company-owned facility, as well as resumed production on Mackie HRmk2 and MR studio monitors at another of the Company’s contract manufacturing partners.
LOUD customers should contact their local sales managers for specific availability information on these, and any other, LOUD brand products.
About LOUD Technologies Inc.
As the corporate parent for world-recognized brands Alvarez®, Ampeg®, Blackheart®, Crate®, EAW®, Mackie®, Martin Audio®, and TAPCO®, LOUD engineers, markets and distributes a wide range of professional audio and musical instrument products worldwide. Our product lines include sound reinforcement speakers, analog mixers, guitar and bass amplifiers and professional loudspeaker systems. These 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 concert tours. The Company distributes its products primarily through retail dealers, mail order outlets and installed sound contractors. The Company has its primary operations in the United States with operations in the United Kingdom, Canada and China. 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.