Mackie Designs Inc. Announces Acquisition Of Eastern Acoustic Works Inc.

7-Apr-00

Mackie Designs Inc. (NASDAQ: MKIE) announced the completion of the purchase of Eastern Acoustic Works Inc. (EAW). EAW is the worldwide technological and market leader in the design and manufacture of high-performance professional loudspeaker systems. EAW products are used throughout the world in installation, touring, and cinema applications. Recent installations include St. Peter's Square in Vatican City, the Pepsi Center in Denver, Colorado, and the Venetian Hotel in Las Vegas, Nevada. EAW's touring loudspeaker systems have become the industry-standard and are on tour with artists as diverse as Kid Rock and Whitney Houston. ""We are excited about the opportunities afforded us by this acquisition,"" stated Greg Mackie, Founder and Chairman of Mackie Designs. ""EAW is a leading brand in the professional audio industry and is recognized as a world class developer and manufacturer of high-end professional audio equipment."" Jamie Engen, Mackie's Chief Operating Officer stated, ""There are significant synergies which will come from the combination of Mackie, EAW, and RCF, our Italian subsidiary. Our brands, our engineering, our manufacturing capabilities, our distribution channels, our target markets and especially our people, all complement one another.""