Genesis Advanced Technologies And Chief Scientist Arnie Nudell Part Ways

June 14, 2006

After a collaboration of 3½ years, Genesis Advanced Technologies and Chief Scientist Arnie Nudell have agreed to part ways. President & CEO Gary Leonard Koh cites fundamental disagreements in loudspeaker design and company direction resulting in the mutual decision made in May, “The high-end loudspeaker market is experiencing many different forces right now and we need to move in different directions for the success of the company. It was just time for both of us to move on.” Both Mr. Koh and Mr. Nudell wish each other well. Gary adds, “Arnie and I may not agree on the direction for Genesis Advanced Technologies, but I wish him success in his future endeavors.” About Genesis Advanced Technologies Genesis Advanced Technologies is a leading developer of high-end loudspeaker systems with a commitment to absolute fidelity™, in product, service and performance. absolute fidelity™ and absolute surround™ are trademarks of Genesis Advanced Technologies Pte Ltd in the United States and other countries.

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