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Mackie Retains Gerard Klauer Mattison
From Quicken.com
/ Excite News
Updated: Wednesday, December 5, 2001 08:04 AM ET
WOODINVILLE, Wash.-Dec. 5, 2001--Mackie Designs Inc.
(Nasdaq:MKIE, news, msgs) today announced that it has retained
Gerard Klauer Mattison (GKM) to assist it in evaluating a
variety of strategic alternatives to maximize shareholder
value, including potential acquisitions and raising additional
capital.
Chief Executive Officer Jamie Engen said: "Mackie is
a global leader in the multibillion dollar professional audio
industry. Our brands are recognized and respected worldwide,
reflecting our well-earned reputation for innovation and product
quality.
"We have an unparalleled product line-up, world-class
engineering and product development, global distribution,
and an efficient operating platform capable of supporting
higher sales without a commensurate increase in costs.
"Our goal is to build a much larger and more profitable
company. With our strong competitive position, we see many
opportunities for Mackie to enter new markets and expand market
share even in today's challenging economic environment.
"We are pleased that Gerard Klauer Mattison, a premier
media and entertainment investment bank, will work closely
with Mackie to enhance value for our employees, our customers
and our shareholders."
About Mackie Designs
Mackie Designs is a leading designer, manufacturer and marketer
of professional audio equipment. The company sells audio mixers,
mixer systems, power amplifiers and professional loudspeakers.
Forward-Looking Statements
This news 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, 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.
Note to Editors: "Mackie" is a registered trademark
of Mackie Designs Inc. in the United States and other countries.
CONTACT: Mackie Designs Inc. William A. Garrard, 425/487-4333
www.Mackie.com
or
Berkman Associates, 310/277-5162 (Investors) info@BerkmanAssociates.com
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