LOUD TECHNOLOGIES ANNOUNCES CROSS-LICENSING WITH EGOSYS, INC.
January 20, 2005 - Anaheim, CA, NAMM - LOUD Technologies Inc., a leading developer and marketer of professional audio equipment under the Mackie, EAW, EAW Commercial and TAPCO brands, today announced a cross-licensing agreement with EGOSYS, Inc. (ESI). Under the terms of the agreement, ESI will license Mackie Tracktion digital audio workstation software, as well as Mackie-branded plug-in products from LOUD.
As part of this agreement, ESI will immediately begin bundling Mackiebranded software products with their PCI and FireWire audio and MIDI devices. This bundle will include Mackie Tracktion, the easytouse digital recording and MIDI production software; as well as Final Mix, the stereo mastering plugin originally developed for the awardwinning Digital 8Bus console.
"Combining ESIs value-oriented audio hardware with Tracktions ease-of-use and functionality creates great packages for users wanting to get the most from their digital recording gear," commented Tony Rodrigues, Business Development Manager at LOUD. "In addition, ESIs worldwide markets extend the reach of Tracktion, providing a worldwide user base for one of the hottest, and fastest-growing audio software titles on the market today.
Chess Lim, president of EGOSYS, Inc. added, "In bundling Tracktion and other Mackie software with our hardware, we are providing the utility and functionality that our customers desire and in that sense, increasing the value of our products overall."
Mackie, a LOUD Technologies Inc. brand, is known worldwide as a leading developer and marketer of high-quality, affordable professional audio systems. Mackie products can be found in professional and project recording studios, video and broadcast suites, post production facilities, sound reinforcement applications including churches and nightclubs, retail locations and on major musical tours. For more information visit: www.mackie.com.
Mackie is a registered trademark of LOUD Technologies Inc. in the United States and other countries. All other trademarks are the property of their respective owners.
For more information please contact: Mackie · 16220 Wood–Red Road N.E. · Woodinville, WA 98072 · Phone: (425) 487–4333 · Fax: (425) 487–4337 ·Internet:www.loudtechinc.com.
About EGOSYS, Inc.
EGOSYS, Inc. has been in business in Seoul , Korea for 9 years. Since its establishment, E GOSYS has been a leading company in project studio market, developing audio interfaces, MIDI interfaces, studio monitors and MIDI controllers. Esp. EGOSYS, Inc. has its own driver technology called EWDM. Now it has two different brands – ESI ( www.esi-pro.com) for professional music market and AUDIOTRAK ( www.audiotrak.net) for consumer market.
This press release contains statements that are forward–looking statements within the meaning of the Private Securities Litigation Reform Act 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 numerous factors, including those described above and the following: changes in demand for the Company's products, product mix, the timing of customer orders and deliveries, the impact of competitive products and pricing, constraints on supplies of critical components, excess or shortage of production capacity, difficulties encountered in the integration of acquired businesses 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, 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.