Klegg Electronics Schedules Launch of New GENESIS Line of Flat Panel Televisions, Speakers and Portable Media Players.LAS VEGAS Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. -- Klegg Electronics, Inc. (Pink Sheets:KLGE) announced the launch date of its new GENESIS New Genesis is a fictional planet in the DC Comics Universe Use This template is for use as a shortcut when editing DC Comics-related articles. It provides links to both the DC Comics and DC Universe articles. line of flat panel televisions, speaker systems and Klegg mini MP3 and digital video MPEG (Moving Pictures Experts Group) An ISO/ITU standard for compressing digital video. Pronounced "em-peg," it is the universal standard for digital terrestrial, cable and satellite TV, DVDs and digital video recorders (DVRs). 4 players. The new Klegg GENESIS products will feature the same quality components as the high-end high-performance Klegg Electronics line but will be geared toward a broader consumer electronics market with lower pricing and greater retail distribution. The first GENESIS flat panel televisions, speakers and Klegg mini MP3 players A digital music player that supports the MP3 format, which was the audio format that started a revolution in online music downloads and distribution. All portable music players, the iPod being the most popular, support MP3 along with one or more other audio formats. will appear in retail chains, on various internet e-tailers, and on the new Klegg GENESIS web-site on January 08, 2007. To date, the Klegg Electronics product line has been classified as high-end and high-performance with features like Klegg's next generation Smart Home Technology, that allow multiple TVs, Media Players and audio products to communicate with each other over the internet. Prior to the launch of GENESIS, the Company's primary channel for distribution of its products has been specialty high-end retailers and custom installers. Dennis Gentles, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Klegg Electronics said, "Over the past year Klegg has worked to lay the groundwork to support the GENESIS launch through strategic alliances, technological acquisitions and marketing initiatives." He added, "The Company is confident that their entrance into the $21 billion consumer electronics industry with the new moderately priced Klegg GENESIS line of products and the continued growth of Klegg's original product line, estimated to increase in sales by 27% in 2006, will dramatically impact Klegg's 2007 operating results and will produce long term sustained growth for the Company." About Klegg Electronics, Inc. Klegg Electronics, Inc. (Pink Sheets:KLGE) is a manufacturer and distributor of high quality consumer electronics focused on designing a variety media and entertainment products that work seamlessly together for today's automated smart homes. Kleggs' product line includes ultra thin vibrant Flat Panel TVs, state-of-the art Media Servers, Home Theater An audio/video entertainment center that has a large-screen TV and hi-fi system with three speakers in the front (left, right and center) and left and right speakers in the rear. Starting in the early 1990s, video inputs were added to stereo receivers and preamplifiers. Audio Systems and MP3 and portable media players. Klegg distributes its high-end home electronics through specialty stores Noun 1. specialty store - a store that sells only one kind of merchandise shop, store - a mercantile establishment for the retail sale of goods or services; "he bought it at a shop on Cape Cod" and custom integration dealers nationwide. The Company plans to launch the KLEGG GENESIS line of moderately priced consumer electronics in the 1st Quarter of 2007. The corporation is headquartered in Las Vegas, NV. Learn more about Klegg Electronics at www.klegg.com Statements contained in this press release, which are not historical facts, are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. as that term is defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These forward-looking statements are based largely on current expectations and are subject to a number of known and unknown risks, uncertainties and other factors beyond our control that could cause actual events and results to differ materially from these statements. These statements are not guarantees of future performance, and readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Klegg undertakes no obligation to update publicly any forward-looking statements. |
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