MACKIE DESIGNS INC. ANNOUNCES SETTLEMENT OF LAWSUIT WITH BEHRINGER
November 8, 1999 – Woodinville, WA – Mackie Designs Inc. (NASDAQ: MKIE) and Behringer Spezielle StudioTechnick GmbH announced today that the Companies have resolved all pending legal disputes between the parties. Under the agreement, the terms are to remain confidential and therefore, there will be no further or additional comment. The parties acknowledge that they are pleased with the outcome of this settlement and look forward to participating in friendly competition in the future with their respective brands.
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.
For more information please contact: Mackie Designs Inc. – 16220 Wood-Red Road N.E. – Woodinville, WA 98072 – Phone: 425-487-4333 – Fax: 425-487-4337 – Internet: www.mackie.com
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