Boston Acoustics Names Gateway as Participant in Recent OEM Agreement.PEABODY, Mass.--(BUSINESS WIRE)--June 22, 1998--Boston Acoustics acoustics (ək  `stĭks) [Gr.,=the facts about hearing], the science of sound, including its production, propagation, and effects. ,
Inc. (NASDAQ NASDAQin full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :BOSA), a leading manufacturer of high performance speaker systems for home, car and computing environments, today named Gateway (NYSE NYSE See: New York Stock Exchange :GTW GTW Gateway, Inc. (stock symbol) GTW Global Trade Watch GTW Grand Trunk Western (railroad) GTW Gatwick Airport GTW Global Trading Web (Commerce One B2B-platform) .N) as the major computer manufacturer participating in the OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and agreement announced on June 15, 1998. This new agreement, effective immediately, replaces the original contract for the MicroMedia speaker system and assures an uninterrupted flow of Boston Acoustics Founded in 1979, Boston Acoustics is a high end manufacturer of home and mobile audio equipment operated out of Peabody, Massachusetts. Boston produces speakers for the home and cars. products to Gateway into Boston Acoustics' fiscal year 2000. Under its terms, Boston Acoustics anticipates supplying increased volumes of a new three-piece speaker system called the BA635. About Boston Acoustics Founded in 1979, Boston Acoustics, Inc. (NASDAQ:BOSA), is a leading manufacturer and marketer of high performance speaker systems for home entertainment, auto-motive aftermarket Aftermarket See: Secondary market. aftermarket See secondary market. and computer environments. Boston Acoustics manufactures its speakers systems to exacting standards with proprietary R&D tooling,state-of-the-art robotics and 100% quality assurance testing. Boston Acoustics corporate headquarters are at 300 Jubilee Drive, Peabody, MA, 01960, USA. The company can be reached at 978.538.5000. Please visit www.bostonacoustics.com for on-line information. Certain statements in this press release, including, without limitation, those concerning (i) the expected impact of the OEM contract with Gateway on Boston Acoustics' sales, (ii) the anticipated flow of products to Gateway, (iii) the supplying of increased volumes of speakers to Gateway and (iv) the expected timing of full-scale production under the contract with Gateway, contain certain forward-looking statements concerning Boston Acoustics' operations, economic performance and financial condition. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Boston Acoustics to be materially different from any future results, performance or achievements express or implied by such forward-looking statements. Factors that could cause such differences include, but are not limited to, those discussed in Exhibit 99 to the Company's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the fiscal year ended March 30, 1996. The words "believe," "expect," "anticipate," "intend," and "plan," and similar expressions identify forward-looking statements, which speak only as of the date the statement was made.
CONTACT: Boston Acoustics
Andy Kotsatos, 978/538-5000
andy.kotsatos@bostonacoustics.com.
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