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Integrated Technology Development and Manufacturing Means Faster Speed to Market Tighter Quality Control and Continued Product Supply to Growing Customer Base

Vancouver, British Columbia, December 3, 2001 – The business of Sonigistix, world-class manufacturer of award-winning Monsoon flat panel audio products has been acquired by Level 9 Sound Designs Inc.  Level 9 is the newest subsidiary of the Eastech Group, one of the world’s largest manufacturers of loudspeaker systems, audio/video electronics hardware and Internet devices, supplying some the biggest brand names in the industry.

The acquisition provides the resources needed to increase the company’s long term market potential. According to Jack Fatum, President of Level 9, “The acquisition marks the creation of a unique player in the audio industry. Level 9 is now the only major multimedia speaker company that integrates its manufacturing and proprietary technology development, giving us the strong competitive advantage of faster speed to market, extremely tight quality control over production and guaranteed supply to our growing customer base.”

The company’s current line of flat panel audio products offers improved fidelity, faster transient response and patented PFTŌ Planar Focus Technology, which minimizes reflections off of hard surfaces laterally adjacent to the speaker to improve imaging.  These elements work in concert to produce incredible clarity and extreme detail for music listening, DVDs and 3D games.

“Level 9’s leadership in imaging technology gives the Monsoon brand the edge it needs to set the standard in the multiple channel world of 5.1 and beyond”, says Fatum.  Mr. Fatum brings more than 20 years of industry background to Level 9. He has extensive experience building branded electronics and speaker products internationally, most recently as a senior executive for Klipsch where he established their European operations for home, multimedia and pro and led them into the multimedia market with the world’s first THX-certified product in this category.

In addition to expanding Monsoon’s award-winning product line into the global market place, Level 9 will become even more focused on the needs of the consumer.  “For example, we intend to be the gamer’s system of choice.  They are a very demanding demographic when it comes to sound accuracy - they need to hear the detail and we help them raise their scores”, adds Fatum.

Level 9 will also extend the reach of Monsoon’s superior audio performance to more price points. “We are expanding the current technology in the marketplace. Our goal is to redefine “best-in-class” performance at all of our price points and take advantage of emerging trends towards digital 5.1 formats to introduce new technology to our line.  The acquisition includes numerous patents and know-how in both transducer design and automated manufacturing processes that will help Level 9 meet its strategic goals”, says Fatum.

PFTä Planar Focus Technology

Unlike conventional speakers that rely on cone or horn drivers, Monsoon flat panel audio systems have a light flexible diaphragm that provides extremely fast transient response for unparalleled fidelity.  Their unique dipole-radiating sound pattern creates a warm, pleasing ambience, which allows for more realistic imaging, or placement of the sound source within the sound stage. The flat panel speakers are less than ½ inch thick, allowing for contemporary, compact and flexible industrial designs. 

About Level 9 Sound Designs Inc.

Level 9 Sound Designs is the first world-scale integrated manufacturer of consumer electronics and speaker products. The company is headquartered in Richmond, B.C. Canada and has offices in Indianapolis, Florida and Texas.  Level 9 is a subsidiary of the EASTECH Group, a public company traded on the Singapore stock exchange and a leading designer and manufacturer of audio, video and Internet systems.  The Eastech Group has operations in the U.S., Europe and the Far East. For more information about Eastech visit www.eastech1.com and for more information about Monsoon flat panel audio products, visit www.monsoonaudio.com.