Aiwa America to market home theater systems featuring speakers by Recoton susidiary; agreement calls for speakers from Christie Design to be packaged with new AIWA audio/video components.MAHWAH, N.J.--(BUSINESS WIRE)--July 8, 1996 -- AIWA AIWA Asian Immigrant Women Advocates AIWA Armenian International Women's Association AMERICA's expansion into the audio/video components field will include a series of home theater systems that feature speakers supplied by Christie Design Corporation (CDC See Control Data, century date change and Back Orifice. CDC - Control Data Corporation ), a subsidiary of Recoton Corp. The agreement, announced today by AIWA AMERICA President Yukio Yamamoto, calls for CDC to supply AIWA with home theater speaker systems that will be packaged with AIWA components. The speakers will carry the AIWA brand name, he noted. The initial CDC-designed AIWA home theater speaker system will be a five-piece satellite/surround configuration. "The agreement with Recoton represents another example of AIWA's market strategy based on meeting emerging consumer needs," observed Yamamoto. "With the expansion of the home theater market, an increasing number of consumers are looking for affordable, easy-to-install home theater systems. These new AIWA packages meet that need." The AIWA speaker systems were designed by Cary Christie, President of CDC. A well-known figure in the world of high fidelity, Christie was a co-founder of Infinity Systems and, in his two-and-a-half decades with that company, played a key role in taking it to the forefront of the hi-fi loudspeaker industry. Headquartered in Mahwah, N.j., AIWA AMERICA, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . is one of the world's leading manufacturers and marketers of audio, video, car stereo, and multimedia products. The company is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of AIWA CO., LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability ., based in Tokyo, a $2.9 billion manufacturer and marketer of consumer and professional audio and video entertainment, computer, data storage, and communications products. CDC is the Recoton unit responsible for creating products under the well-known AR (Acoustic Research) brand. Recoton also sells products under the Ambico(, Ampersand*, Calibron(, Discwasher(, Interact*, Parsec parsec (pär`sĕc) [parallax + second], in astronomy, basic unit of length for measuring interstellar and intergalactic distances, equal to 206,265 times the distance from the earth to the sun, 3.26 light-years, or 3. (, Recoton(, Rembrandt(, SoleControl(, and SoundQuest* brand names. The company's stock is traded on the NASDAQ/National Market Exchange under the symbol RCOT RCOT Rotary Club of Tucson (Arizona) . CONTACT: Terry Shea Griffin Public Relations & Marketing 212/255-8491 |
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