D+M Holdings is the owner of
Denon, Marantz, McIntosh Laboratory
and the D+M Professional, ReplayTV(R),
Rio(R) and Escient(R) brands. Kotsatos, his wife and the Kotsatos
family trusts
and Daeg Partners LP have each agreed to vote their shares, representing
approximately
33. (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. Such statements
include, but are not limited to, statements about the benefits of the
acquisition
of Boston Acoustics, Inc.gov ). 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
. The software leverages
emerging technologies such as Universal Plug and Play (UPnP), WiFi,
and
Z-Wave mesh networking. households used wireless data networks at the end of 2004 and
this figure
will grow to 21 million by the end of 2009.5 million satellite radio receivers
through January 2005
.
components specific
com . and D+M Holdings'
plans, objectives, expectations and intentions and other statements that
are
not historical facts. Investors and
security holders are urged to read this filing when it
becomes available
because it will contain important information about the merger transaction.
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.S."
More information
on sponsoring and attending CONNECTIONS(TM),
including online registration, is available at
http:
//www.connectionsconference.model mobile
8 million.
About Boston Acoustics
Founded in 1979, Boston
Acoustics, Inc.
speakers model
Boston Acoustics designs, manufactures, and markets high performance
audio
products with its signature Boston Sound(TM). The
company's audio business includes tabletop
models Recepter Radio(R), Recepter
Radio(R) HD, MicroSystem CD and Home Theater Systems. We are
delighted to be part of the company's portfolio.
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.com .com or call
972-490-1113.com
For more information about Delphi and its operating subsidiaries, visit
Delphi
's Virtual Press Room at http://www.zone one
0 million. 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.connectionsconference.audio receivers
"
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.
A. 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.
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.
Business Editors/Technology Editors
CONNECTIONS Digital Home Conference 2005
DALLAS----CONNECTIONS(TM): The
Digital Home Conference
and Showcase is pleased to announce OpenPeak
as the Platinum Sponsor for its 2005 event, which will
be held May
11-13 at the Hyatt Regency near the San Francisco Airport in
Burlingame, Calif.
This
executive conference features 80+ sponsors and 90+ speakers
supporting the industry through their
participation.
The two products include the following:
SATELLITE DIGITAL AUDIO RECEIVERS
Porsche will offer satellite radio service as an option to the '05 Cayenne
models.audio as
They will
be able to help us grow our brand outside
North America. Mr. by D+M Holdings Inc.newscom.
"We are pleased to be able to help enhance the driving experience of
Cayenne owners by offering
the latest in entertainment and convenience
technologies," said Bob Schumacher, Delphi Electronics
+ Safety general
director, wireless products.receivers speakers
, D+M Holdings
Inc. They
provide us with state
-of-the-art technology and experience in home
entertainment products.8% of the voting stock of Boston
Acoustics,
respectively, in favor of the transaction.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning
of the Private Securities
Litigation Reform Act of 1995. This proxy statement is available free of
charge at the SEC's Internet
site and Investor Relations at Boston Acoustics
as described above. For information about sponsoring
CONNECTIONS(TM), contact sales@parksassociates., Delphi Corp.g.such z
-- Acquisition Adds a Premium
Loudspeaker Brand to the D+M Portfolio
+ Foothold in the Audio Automotive System Business
--
TOKYO and PEABODY, Mass. 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. 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. (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.dm-holdings.bostonacoustics
. This level of autonomy and comfort for each passenger is
unique and benchmark on the market. the
car is in a tunnel).consumer accessories
The acquisition of Boston Acoustics provides D+M with a premium speaker
line and the ability to deliver customers a complete home entertainment
solution.2% and 4.shopping components
D+M
Holdings Inc. to Acquire Boston Acoustics Inc.
This transaction is expected to
be immediately
accretive to D+M's earnings upon closing. 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.
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. The ReplayTV, Rio and
Escient brands represent award-winning
technologies in digital home entertainment. The product family
includes a series of
remote controls, UPnP interface bridges (WiFi to IR, Zensys, and
serial)
, and server software. Delphi will provide
Porsche with satellite digital audio receivers for both
services.com consumer
50 per share in cash
for a total of approximately $76. Simpson Thacher + Bartlett LLP served
as
legal advisor to D+M Holdings.
OpenPeak, Inc.2005 Porsche Cayenne Features Delphi Technology
(NYSE: DPH) currently
supplies three 2005 Porsche Cayenne models with satellite digital audio
receivers and an advanced heating and air conditioning system. showrooms. Porsche will give Cayenne
customers the option of selecting either
SIRIUS Satellite Radio or XM Satellite Radio service.offers specific
(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.
"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. And they will provide us with marketing know-how to
substantially
increase our table radio and music system business.com.
(Logo: http://www.
Delphi is
a leading manufacturer and provider of OEM and retail radio
hardware and has produced more than 4
.
Equipped with powerful and lightweight Delphi heat exchanger and
evaporator components, the
HVAC modules serve as a strong base for
sophisticated thermal comfort requirements.specific accessories
The design is
user-focused with an
emphasis on usability, simple setup, auto discovery, and an intuitive
interface
for experience-based control. The advanced system provides independent control of temperature,
air
flow and air distribution for each passenger out of separate front and
rear HVAC-modules.delphi.mobile video
"
Said Andy Kotsatos: "The benefits to us of joining D+M are enormous.6 million and revenue
for
the nine-month period of its fiscal year 2005 ending December 25, 2004 is
$42. Additional information
is
available at http://www.
CONNECTIONS(TM), the largest international executive marketing
conference
on digital living technologies, provides attendees with the
opportunity to network with 700+ executives
, establish partnerships,
learn about emerging products and services, and become educated on the
current
and future developments for digital living technologies. Content includes satellite radio receiver
units, advanced HVAC system
TROY, Mich.video audio
The transaction is expected to
close by August
31, 2005.sec. creates Digital Life accessories that enable
intelligent, seamless, wireless control
of digital media, consumer
electronics, and home systems.com/media .
* Digital satellite
radio requires an activation and monthly fee and
satellite reception may be unavailable if the signal
from the satellite is
obstructed (e.provider consumer
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.
Boston Acoustics,
Inc. 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.
Recent research from Parks Associates finds that eight
million
U.
projectors model
D+M Holdings will acquire Boston Acoustics for $17. We see significant
opportunities to leverage marketing and sales activities. We also expect to
find multi-brand
opportunities in the automotive OEM business.
Boston Acoustics intends to file a proxy statement
with the Securities and
Exchange Commission in connection with the merger transaction.
"Both consumer
demand and efforts by product developers and
carriers led to the emergence of truly mass-market digital
home
products and services in 2005," said Kurt Scherf, vice president and
principal analyst with
Parks Associates. With 700+
attendees, the conference will focus on the following market areas:
Digital
Entertainment and Multimedia Applications; Home Networking and
Residential Gateways; Consumer Mobility
and Device/Content
Portability; Applications, Services, and Consumer Value; and Home
Controls
, Security, and Health Management.com/cgi-bin/prnh/20020315/DEF002LOGO )
The content is featured
on the '05 Cayenne, Cayenne S and Cayenne Turbo
models, now available in U.S.audio zone
(TSE II: 6735) and
Boston Acoustics, Inc. Boston Acoustics also owns the Snell brand of super premium
speakers.
About D+M Holdings Inc. For further information, visit
the company's Web site at http://www
. Information regarding the special interests of these
directors and executive officers in the merger
transaction will be included in
the proxy statement.
http://www.zone components
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.S. 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 are based upon the current belief and
expectations of D+M Holdings' and
Boston Acoustics' management and are subject
to significant risks and uncertainties. Actual results
may differ from those
set forth in the forward-looking statements.OpenPeak Brings Expertise on the
Control of Digital Content Consumer Electronics and Home Systems to CONNECTIONS 2005
About
CONNECTIONS(TM)
CONNECTIONS(TM): The Digital Home Conference and Showcase,
produced by Parks
Associates in partnership with the Consumer
Electronics Association, is the largest international
executive
conference for digital home technologies.
ADVANCED HEATING AND AIR CONDITIONING
SYSTEM
Delphi also will provide a 4-zone automatic heating and air conditioning
system.consumer com
"We
will
now build upon the success of this outstanding brand. was founded in 1979 and is located in
Peabody,
Massachusetts, U. Fiscal year 2004 revenue is $52. "The work by OpenPeak to
deliver to
consumers a more seamless user experience will be critical
in continuing the momentum in place.zone components
A community sponsored library.
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