Another release:
ETPI's Performance Sound & Light Division Adds Sanyo Products With the Integration of Multi-Technologies Limited
HOUSTON--(BUSINESS WIRE)--Dec. 2, 1999--Entertainment Technologies & Programs Inc. (OTCBB:ETPI), a fully reporting company, today announced that its Performance Sound & Light (PS&L) division will add Sanyo Electronic Company Ltd. (Nasdaq:SANYY) products to its product assortment upon integration of the recently announced planned acquisition of Multi-Technologies Limited.
Performance Sound & Light markets professional sound and light equipment to the U.S. Military through its electronic catalog, "CD-ROM Guide." The integration of Multi-Technologies Ltd. and the addition of Sanyo products will expand PS&L's product assortment to include campus and remote electronic communications systems, security and surveillance systems. The acquisition of Multi-Technologies Ltd. allows PS&L to generate additional sales through an extended product line, including brands such as Kalatel, Pelco, Vicon (AMEX:VII), Sensormatic (NYSE:SRM), Diamond Vision, and Burle. Upon integration the combined company intends to seek approval to sell these additional product lines to PS&L's current U.S. Military customers worldwide.
Commenting on the planned integration of Multi-Technologies Ltd., ETPI CEO, James D. Butcher stated that, "The addition of Multi-Technologies Ltd. allows ETPI to focus on obtaining approval for the sales and integration of additional value-added electronics systems to the U.S. Military worldwide. Through our long-established military relationships, ETPI is in a unique position to identify and address individual military base needs for sound, light, campus and remote communications, security and surveillance systems. Upon approval, these additional product categories will be included in PS&L's existing Military Buyers Guide. Multi-Technologies Ltd. enables a layering on of a promising mix of products and services to ETPI's distribution network. The completion of this integration shows the growth potential of the combined PS&L/Multi-Technologies business model.
Forward-looking statements in this press release are made pursuant to the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation changes in ETPI's or Multi-Technologies' business environment, completion of a planned funding package, and certain other contingencies, not yet completed by ETPI, and other risks.
CONTACT:
Entertainment Technologies & Programs Inc., Houston
Fritz Boudreaux, 281/486-6061 |
