Mackie Designs' New Loudspeaker System Named Product of the Year.Business Editors WOODINVILLE, Wash.--(BUSINESS WIRE)--July 2, 2001 Mackie Designs Inc. (NASDAQ NASDAQ in 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 :MKIE), a leading manufacturer of professional audio equipment, today announced that their Fussion Active Loudspeaker loudspeaker or speaker, device used to convert electrical energy into sound. It consists essentially of a thin flexible sheet called a diaphragm that is made to vibrate by an electric signal from an amplifier. System was named 'Product of the Year' by the British Entertainment & Discotheque Association (BEDA) at BEDA's annual awards banquet held last week in Birmingham, England. Founded 10 years ago, BEDA is a professional association that represents the leading and most influential nightclubs, bars and discotheques across the UK. BEDA membership includes a mixture of trade bigwigs, nightclub owners and venue managers that gather to share information and affect positive change. In the past 10 years, BEDA has become a tremendous influence in the UK and throughout Europe. Mackie Fussion is the latest in the Mackie Active Series of sound reinforcement loudspeaker systems. Fussion components include the 3000, a high-output, 3-way, medium throw active loudspeaker and the 1800SA/1800S high-output active subwoofer A speaker that reproduces the lower end of the audio spectrum. A subwoofer system may include a crossover circuit which switches frequencies at approximately 100Hz and under to the subwoofer, while passing the rest of the signal to the main speakers. combination. Fussion combines high-precision transducers with application specific amplifier technology that minimize signal loss and allows for easy installation. "We are honored that BEDA members and a distinguished panel of judges Panel of Judges is an indie pop band from Melbourne, Australia. Members
v. cov·et·ed, cov·et·ing, cov·ets v.tr. 1. To feel blameworthy desire for (that which is another's). See Synonyms at envy. 2. To wish for longingly. See Synonyms at desire. in our industry," said Phil Price, Managing Director of Mackie UK. "Mackie Active technology allows Fussion to generate extreme output levels with incredibly low distortion." Price continued, "With BEDA's endorsement, we are confident that Fussion will continue to make a major impact in late night venues across the UK and eventually Europe." Jamie Engen, 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 Mackie Designs, added "This award is the result of very hard work by our consultants and dealers in the UK and Ireland who have helped to quickly establish Fussion as the sound system of choice for the nightclub industry." About Mackie Designs Mackie Designs is a leading designer, manufacturer and marketer of professional audio equipment. The Company sells audio mixers, mixer systems, power amplifiers, and professional loudspeakers. 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. This press release contains statements that are forward-looking statements within the meaning of 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 statements are based on current expectations, estimates and projections about the Company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to the factors described above as well as changes in demand for the Company's products, product mix, timing of customer orders and deliveries, the impact of competitive products and pricing, and other risks discussed from time to time in the Company's Securities and Exchange Commission filings and reports. In addition, such statements could be affected by general industry and market conditions and growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. , and general domestic and international economic conditions. Such forward-looking statements speak only as of the date on which they are made, and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release. "Mackie" is a registered trademark of Mackie Designs Inc. in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and other countries. |
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