"
Said Andy Kotsatos: "The benefits to us of joining D+M
are enormous. The transaction is expected to
close by August 31, 2005.
Samsung expects more
than half of its wireless phones for the U. These devices will feature designs
that are familiar
to consumers using traditional digital cameras, helping
drive adoption. And, Samsung's phones do
just that. from Feb. allowing consumers to take
and share pictures with ease; the
a890 also features Video on
Demand capabilities and an oversized screen for enhanced
viewing
p735: Samsung's 1., Ltd., Directed Electronics,
Inc.
Some of the major announcements at the show included:
* One mile range 2-Way keychain remotes
using Spread Spectrum Technology,
marketed under the Viper, Python and Clifford brands
* A new Portable Navigation System with 3. retailer customer base.
stereo changers
They will be able to help
us grow our brand outside
North America.
Boston Acoustics, Inc.
Through these advanced
features and innovative product designs, Samsung is at
the forefront of driving the wireless imaging
revolution.3 mega pixel camera phone operating on high speed
EDGE wireless networks
in the U. For more information, visit http://www.samsung shoplet
50 per share in cash
for a total of approximately
$76. Boston Acoustics also owns the Snell brand of super premium
speakers.
"Andy Kotsatos
, co-founder and chairman of Boston Acoustics, has created
an award-winning, innovative company with
a strong design and engineering
team," said Tatsuo Kabumoto, chief executive officer of D+M Holdings
. Kotsatos, his wife and the Kotsatos family trusts
and Daeg Partners LP have each agreed to vote
their shares, representing
approximately 33. was founded in 1979 and is located in Peabody,
Massachusetts
, U.Directed Electronics Introduces More Than 150 New Products at the 2006 Consumer Electronics Show
(Nasdaq: DEIX), the largest designer and marketer of consumer branded
vehicle security and convenience
systems in the United States and a major
supplier of car and home audio, mobile video and satellite
radio products,
introduced more than 150 new products at the 2006 Consumer Electronics Show,
and
was recognized with 3 coveted Innovations Awards. Directed's car
audio products include speakers
, subwoofers, and amplifiers sold under its
Orion, Precision Power, Directed Audio, a/d/s/, and Xtreme
brand names.cvr skyler
Samsung's latest camera phones are advanced multimedia devices that allow
consumers
to take and send pictures and video, as well as view select
television content via Video on Demand
and download and play MP3 files.
About Samsung Electronics
Samsung Electronics Co
.directed.cvr bundle
Directed also markets a variety of mobile video systems under the Directed
Video and
Automate brand names.skyler tvs
-- Acquisition Adds a Premium Loudspeaker Brand to the D+M Portfolio
+ Foothold in the Audio Automotive System Business --
TOKYO and PEABODY, Mass.
(TSE II: 6735) and Boston Acoustics, Inc.
The acquisition of Boston Acoustics provides D+M with
a premium speaker
line and the ability to deliver customers a complete home entertainment
solution
. "We will
now build upon the success of this outstanding brand. And they will provide us with marketing
know-how to
substantially increase our table radio and music system business. Simpson Thacher +
Bartlett LLP served as
legal advisor to D+M Holdings.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning
of the Private Securities
Litigation Reform Act of 1995.
The directors and executive officers of Boston Acoustics and D
+M Holdings
may be deemed to be participants in the solicitation of proxies in respect of
the proposed
transaction.Samsung Showcases Its Leadership in Advanced Imaging Phones
Photo Marketing Association
Show Serves as Forum for Samsung's Innovative
Camera Phones
DALLAS and ORLANDO, Fla.com .changers preamplifiers
We are
delighted to be part of the company's portfolio. Additional
information is
available at http://www.
Boston Acoustics intends to file a proxy statement
with the Securities and
Exchange Commission in connection with the merger transaction., Camera phones
are the
fastest growing consumer electronics product in history, and this year they
will represent
more than 75 percent of digital cameras sold worldwide,
according to wireless imaging experts.
"Wireless phones are becoming much more than simple voice devices.,
supporting
direct printing capabilities via PictBridge,
camcorder capabilities, and optical character
recognition
technology for business card scanning
p777: Samsung's
1.shoplet splay
gov ). They
are the center of consumers' social interactions," said Pete Skarzynski,
senior
vice president, Samsung.bundle ipods
"
The transaction, which has been approved by the Board of Directors
of
Boston Acoustics, is subject to the approval of the company's shareholders and
the satisfaction
of other customary closing conditions, including the receipt
of required financing. Fiscal year 2004
revenue is $52. by D+M Holdings Inc. Actual results may differ from those
set forth in the forward
-looking statements.
Investors and security holders may obtain a free copy of the proxy statement
(when it is available) and other documents filed with the SEC by Boston
Acoustics at the SEC's
Internet site ( http://www. is a global leader in semiconductor,
telecommunication, digital media
and digital convergence technologies with
2003 parent company sales of $36.
According to President
and CEO Jim Minarik, "In 2006 Directed is entering
into a new era, broadening our consumer electronics
offerings in emerging
categories like satellite radio, mobile multimedia and portable navigation
,
while continuing to innovate in our core business of vehicle security, remote
start and convenience
.shoplet splay
D+M Holdings will acquire Boston Acoustics for $17.
Boston Acoustics designs, manufactures
, and markets high performance audio
products with its signature Boston Sound(TM). Boston Acoustics
is the
market leader for in-wall/in-ceiling speaker systems, and it supplies Boston
Acoustics
-branded speakers for the Chrysler 300, which is the 2005 Motor Trend
Car of the Year, the Jeep (R
) Grand Cherokee, the Dodge Magnum and the Dodge
Charger. D+M branded products include premium A/V
receivers, amplifiers and
CD players; DVD players, DLP projectors and display plasma monitors; and
digital media management systems. (TSE II: 6735) is based in Tokyo and owns the Denon,
Marantz
, McIntosh Laboratory, D+M Professional, ReplayTV(R), Rio(R) and
Escient(R) brands.com . and D+M Holdings
'
plans, objectives, expectations and intentions and other statements that are
not historical facts
.
will
have digital camera capabilities in 2005. Among these, the company is
planning
to introduce the first camera phones with two mega pixel, 3."
Samsung will showcase the following
products at the DigitalFocus media
event held in conjunction with the Photo Marketing Association
's trade show in
Orlando, Fla.3 mega pixel camera phone with built in camcorder
capabilities and streaming video and audio capabilities (CNN,
FOX Sports, The Weather
Channel)
About Samsung Telecommunications America
Samsung Telecommunications America
, a Dallas-based subsidiary of Samsung
Electronics Company, Ltd.strobes 220v
D+M is planning to operate
Boston Acoustics as a distinct brand but with
the benefit of D+M's sales, technology and cost synergies
by leveraging
product distribution channels, product development and back-office
integration.
The ReplayTV, Rio and Escient brands represent award-winning
technologies in digital home entertainment
.(1) Fueling this dynamic growth,
Samsung Telecommunications America (Samsung) is showcasing six
advanced
wireless imaging phones that highlight why the company is the world's leading
manufacturer
of converged camera phones. In the home audio market, Directed offers
Definitive Technology and
a/d/s/ premium loudspeakers.S.
NOTE: iPod is a registered trademark of Apple Computer, Inc
.cvr savant
D+M Holdings Inc. to Acquire Boston Acoustics Inc.
About Boston Acoustics
Founded
in 1979, Boston Acoustics, Inc.bostonacoustics. The following factors, among
others, could cause
actual results to differ from those set forth in the
forward-looking statements: the risk that the
required financing will not be
obtained; the ability to obtain governmental approvals of the transaction
on
the proposed terms and schedule; the failure of Boston Acoustics' shareholders
to approve the
transaction; the risk that Boston Acoustics will not be
integrated successfully into D+M Holdings
' global operations; failure to
quickly realize synergies and cost-savings from the transaction as
a result of
technical, logistical, competitive and other factors; disruption from the
transaction
making it more difficult to maintain relationships with clients,
employees or suppliers; changes
in consumer confidence, tastes, preferences
and spending; changes in interest rates; competitive
conditions in the
consumer electronics industry; the impact of seasonal buying patterns, which
are
difficult to forecast with certainty; and general economic conditions and
normal business uncertainty
. Copies of the
proxy statement and the filings with the SEC incorporated by reference in the
proxy
statement can also be obtained, without charge, by directing a request
to Boston Acoustics, 300 Jubilee
Drive, Peabody, Massachusetts, 01960,
Attention: Investor Relations. Information regarding the special
interests of these
directors and executive officers in the merger transaction will be included in
the proxy statement.
(1) CTIA The Wireless Association(TM) and The Future Image Mobile
Imaging Report
shoplet faxes
The
company's audio business includes tabletop models Recepter
Radio(R), Recepter
Radio(R) HD, MicroSystem CD and Home Theater Systems. "First with text messaging
and now with
pictures, video and music, consumers want their digital devices to connect
them to
what's important in their life.S.0 billion. For more information about Directed
Electronics, please
visit http://www. In August 2004,
Directed began marketing and selling certain SIRIUS-branded satellite
radio
products, with exclusive distribution rights for such products to Directed's
existing U
.stereo tvs
The acquisition also gives D+M a strong
foothold in the automotive OEM business along with the ability
to leverage all
five premium brands -- Denon, Marantz, McIntosh, Boston Acoustics and Snell --
in
that business.8 million.
D+M Holdings Inc. Denon, Marantz, McIntosh and D+M Professional are
global
industry leaders in the specialist home theater, audio/video consumer
electronics or professional
audio markets, with a strong and long-standing
heritage of manufacturing and marketing high-performance
audio and video
components.S.4 billion and net income of $5.samsung.seaton recorders
, D+M Holdings
Inc.
samsung faxes
(Nasdaq: BOSA), the premier
manufacturer of high-performance audio systems, announced today the
signing of
a definitive merger agreement for D+M Holdings to acquire Boston Acoustics
through
its subsidiary D+M Holdings US Inc. Its product categories are
Home Speakers and Audio Systems
, Speakers and Electronics for the Custom
Installation market, All Weather Outdoor Speakers, Speakers
and Amplifiers for
the Automotive After-market and Systems for the Automotive OEM market.8% of the
voting stock of Boston Acoustics,
respectively, in favor of the transaction. Investors and
security
holders are urged to read this filing when it becomes available
because it will contain important
information about the merger transaction.samsung.com/wireless .
Employing approximately 88,000 people
in 89 offices in 46 countries, the
company consists of six main business units: Corporate Technology
Operations,
Digital Appliance Business, Digital Media Business, LCD Business,
Semiconductor Business
and Telecommunication Network Business. VISTA, Calif.com/cgi-bin/prnh/20020424/DIRECTLOGO )
The awards, for the Executive Docking Station for the SIRIUS Sportster and
iPod, 40 Gigabyte Dockable
Media Player with a 7 inch LCD screen, and Clifford
IntelliGuard 990X 2-Way vehicle security system
, bring the company's total to
46 Innovations Awards.stereo starlite
They
provide us with state-of-the-art technology
and experience in home
entertainment products. Highly regarded for creating The Boston Sound(TM)
, the
company is renowned for delivering superior, competitively priced products
emphasizing performance
, consistency and value. Such statements
include, but are not limited to, statements about the benefits
of the
acquisition of Boston Acoustics, Inc.S.; the p777 features
60 minutes of
video recording capabilities and 100MB of
internal memory for pictures, videos and
MP3 files
a890: Samsung's 1. Recognized as
one of the fastest growing global brands
, Samsung Electronics is the world's
largest producer of color monitors, color TVs, memory chips,
TFT-LCDs and
VCRs.
(Logo: http://www.faxes suntec
Boston Meridian, an investment bank that specializes
in providing merger
and acquisition services and raising private capital for growth companies,
served
as financial advisor and Nixon Peabody LLP served as legal advisor to
Boston Acoustics in the transaction
. This proxy statement is available free of
charge at the SEC's Internet site and Investor Relations
at Boston Acoustics
as described above.samsung shoplet
0 million. For further information, visit
the company's
Web site at http://www. Such statements are based upon the current belief and
expectations of D
+M Holdings' and Boston Acoustics' management and are subject
to significant risks and uncertainties
.5 mega
pixel and five mega pixel capabilities. For more
information, see STA's website at http:
//www."
The majority of the above products are scheduled for Q1 availability, with
the remainder
following in Q2.bundle cvr
We see significant
opportunities to leverage marketing and sales activities. Mr
.S.3 mega pixel camera phone operating on high speed
EVDO wireless networks in the
U., researches, markets and develops wireless handsets
and telecommunications products throughout
North America.sbh savant
D+M Holdings is the owner of
Denon, Marantz, McIntosh Laboratory and the D+M Professional
, ReplayTV(R),
Rio(R) and Escient(R) brands. We also expect to
find multi-brand opportunities
in the automotive OEM business. (Nasdaq: BOSA) designs,
manufactures, and markets high performance
audio systems for use in home music
and audio-video systems, after-market and OEM automotive systems
, and custom
built-in audio systems.com .sbh ipods
6 million and revenue
for the nine-month period of its
fiscal year 2005 ending December 25, 2004 is
$42. These forward-looking statements speak only as
of the time first made, and no undertaking has been made to update or revise
them as more information
becomes available.sec. As the sales leader in the vehicle security and convenience
category, Directed
offers a broad range of products, including security,
remote start, hybrid systems, GPS tracking
, and accessories, which are sold
under its Viper, Clifford, Python, and other brand names.sbh tvs
5 inch
touch screen and MP3
player and new 7 inch and 8.ipods starlite
S.dm-holdings. Additional information regarding
the directors and
executive officers of Boston Acoustics is also included in Boston Acoustics'
proxy
statement for its 2004 Annual Meeting of Stockholders, which was filed
with the SEC on July 26, 2004
.shoplet samsung
This transaction is expected to
be immediately accretive to D+M's earnings upon closing.2% and
4.A.
About D+M Holdings Inc. 20 to 23:
a800: Samsung's first two mega pixel
CDMA camera phone in the U.3 mega pixel camera phone featuring camcorder
capabilities
, 64MB of internal memory, an external memory slot
and a unique twisting screen giving
users a familiar form
factor for capturing video
MM-A700: Samsung's 1
.newscom.5 inch LCD Tablet DVD players branded
Directed Mobile Media
* 6 new vehicle
iPod interfaces for GM, Ford, Honda, Toyota and Volkswagen
* 28 New High Performance Car
Audio Amplifiers branded Orion, Precision
Power, West Coast Customs and Xtreme, plus new car
audio Speakers and
Subwoofers
* Innovative new OEM Integration interfaces for the
digital CAN Bus and
MOST Bus in European vehicles
* Cellular- and web-based GPS
Tracking Systems that can locate vehicles on
an internet map, which are now plug-in compatible
with Directed security
and remote start systems
* New advanced courses at The Snake
Pit mobile electronics school, located
on the Directed Electronics headquarters campus in Southern
California
In addition, in a separate listening booth in the South Hall, Directed's
Definitive
Technology home audio division demonstrated their remarkable new
ProCinema home theater loudspeakers
.com
About Directed Electronics
Directed Electronics is the largest designer and marketer
of consumer
branded vehicle security and convenience systems in the United States based on
sales
and a major supplier of home and car audio, mobile video, and satellite
radio products.surround strobes
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