LOUD Technologies Announces Appointment of New Chief Operating Officer
WOODINVILLE, Washington – July 30, 2008 -- LOUD Technologies Inc. (LOUD) (NASDAQ:LTEC) a leading professional audio and music products company, announced on July 25, 2008, the appointment of James Stewart as its Chief Operating Officer.
Mr. Stewart will be responsible for the core operations of the company including Information Technologies, Technical Support, Service and Logistics as well as management of LOUD’s manufacturing partners. Mr. Stewart joins LOUD with more than 28 years of experience in the technology industry, with an extensive background as a senior business leader in Technology Product Development and P&L Operations Management.
“We are excited to have Jim join LOUD’s executive team, where his proven record of success and passion will enable us to achieve our objectives,” said Jamie Engen, CEO of LOUD. “Jim’s leadership skills will help us fully realize the growth opportunities before us.”
Prior to joining LOUD, Mr. Stewart served as Vice President and General Manager at Hewlett-Packard’s Specialty Printing unit, where he held responsibility for the overall business and was successful in growing both the revenue and profit during his tenure.
“I am very excited to be joining LOUD as their COO. They have great brands and great products and a loyal customer base. There are tremendous opportunities for growing the business and there are a lot of ways to build business capabilities and efficiencies.”
About LOUD Technologies Inc.
LOUD Technologies Inc. (www.loudtechinc.com) is one of the world's largest manufacturers and distributors of professional audio and music products. As the corporate parent for world‑recognized brands including Alvarez, Ampeg, Crate, EAW, Knilling, Mackie, Martin Audio, SIA and TAPCO, LOUD produces and distributes 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 can be found in professional and project recording studios, video and broadcast suites, post-production facilities, sound reinforcement applications including churches and nightclubs, and retail locations and on major musical tours.
Forward Looking Statements
Certain statements contained in this release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The words - "believe", "expect", "anticipate", "intend", "will" and similar expressions are examples of words that identify forward-looking statements. These forward-looking statements include statements about the anticipated success of our management initiatives in driving future profitability, and are based on current expectations and assumptions based on information currently available to us. These forward-looking statements may be affected by the risks and uncertainties associated with our business and are qualified in their entirety by the cautionary statements and risk factor disclosure contained in our filings with the Securities and Exchange Commission, including our annual report on Form 10-K for the year ended December 31, 2007. We do not assume, and expressly disclaim, any obligation to update these forward-looking statements to conform them to actual results or changes in the Company's expectations.
Mackie, EAW, and EAW Commercial are registered trademarks of LOUD Technologies Inc. in the United States and other countries. All other trademarks are the property of their respective owners.
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 |
