AURA SYSTEMS TO PURCHASE JAPANESE AUDIO SPEAKER COMPANY
MYS has well established marketing and distribution channels and a blue chip OEM customer base in the North American and Asian markets. Aura also intends to sell its proprietary speaker products through the MYS marketing channel system.
MYS is a private corporation closely held by the Masayoshi family who will continue their positions in management and on the Board of Directors of MYS. "Aura welcomes the Masayoshi's and all the employees of MYS into the Aura family of companies," said Mr. Harry Kurtzman, Aura's Chief Executive Officer.
Aura Systems, Inc. is an innovator and producer of electromagnetic devices including its patented High Force Actuator, AuraSound(TM) speakers, Bass Shaker(TM), EVA(TM) (Electromagnetic Valve Actuators) for internal combustion engines, and AMA (Actuated Mirror Array(TM), Ultra Bright Large Screen Televisions).
/CONTACT: Cipora Kurtzman-Lavut of Aura Systems, Inc., 310-643-5300, ext. 209; or Al Donius of Hill and Knowlton, 212-885-0370/
CO: Aura Systems, Inc.; MYS Corporation ST: California IN: CPR SU: TNM
MP -- NYTU121 -- 7774 05/14/96 14:02 EDT