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Maker of Award Winning, Proprietary, Flat-Panel Speaker Systems under Monsoon(TM) Brand Seeks Well Positioned Strategic Marketing Partner/Acquirer to Support Rapid Growth |
| VANCOUVER, April 17
/PRNewswire/ - Sonigistix, the first, high-volume manufacturer of flat-panel speaker
products with exclusive PFT® technology, has announced an active search for a strategic
marketing partner/acquirer to provide expanded capabilities for its rapid growth. The
company has been shipping products under the Monsoon(TM) brand for more than 3 years and,
due to increasing market acceptance, is projecting dramatic revenue improvements in 2001. The Sonigistix 2001 business plan projects an 85% increase in sales over FY 2000. This growth will be fueled predominantly from increased sales of the Company's highly successful Monsoon® branded flat-panel multimedia speakers as well as rapid expansion of PFT® technology into other audio markets, including home theater, automotive and professional audio. ``Our marketing plan calls for PFT® technology to become an integral part of the audio experience wherever true, high quality sound at highly competitive prices are the requirement'' says Jim Balcom, President and CEO of Sonigistix. ``We feel that a strategic alliance with a company whose marketing and channel resources can better facilitate our impressive growth is an important and prudent next step in achieving this goal''. Sonigistix Planar Focus Technology - PFT® Unlike conventional speakers that rely on cone drivers, Sonigistix' PFT® flat-panel speakers have a light, flexible diaphragm that provides extremely fast transient response for unparalleled fidelity. Their unique dipole-radiating sound pattern creates a warm, pleasing ambiance, which allows for more realistic imaging, or placement of the sound source within the sound stage. The PFT® flat panel speakers are less than 1/2 inch thick, allowing for innovative industrial designs and placement in space sensitive applications. At the January 2001 Consumer Electronics Show in Las Vegas, Sonigistix introduced a new line of Monsoon home entertainment products; each based on its proprietary, PFT® flat-panel technology. These home entertainment products received the ``Best of Show'' award from TechTV in the ``Specialty Audio'' category and an ``Innovations'' award by CES. Like Sonigistix' multimedia speakers, the new products-thanks to the company's proprietary manufacturing techniques-offer planar technology at a price far below traditional pricing. Sonigistix has retained the New York City-based investment bank Heritage Capital Corp. to lead discussions with potential Strategic Partners. ``In what is a mature industry, Sonigistix is bringing truly unique technology and manufacturing capabilities to the table,'' says Victor Germack, President of Heritage Capital. ``To combine Sonigistix' capabilities with a company that already has significant channel resources represents a great opportunity for both companies.'' About Sonigistix Sonigistix is a privately held developer, manufacturer and marketer of flat-panel audio products with offices in Richmond, British Columbia and Little Rock, Arkansas. Sonigistix was ``first in the world'' to manufacture high volumes of planar technology products for the audio industry. The company has numerous patents in transducer designs as well as automated manufacturing designs. For images and more information about Monsoon-branded flat-panel audio products made by Sonigistix, visit www.monsoonaudio.com. SOURCE: Sonigistix |
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