Business Services Industry
Good Guys Adds Premium Brand of High-End Car Audio Speakers to Mobile Electronics Line-Up
Business Wire, Sept 30, 2002
Business Editors & High-Tech/Entertainment Writers
SAN FRANCISCO--(BUSINESS WIRE)--Sept. 30, 2002
Good Guys (Nasdaq:GGUY), the largest specialty retailer of higher-end consumer entertainment electronics in the nation, today announced the addition of Infinity Systems' high-performance mobile audio speakers to its mobile electronics line-up. Initially, Good Guys will offer select products from Infinity's Kappa and Reference product lines. The products are expected to available at all Good Guys locations in early October.
"The addition of Good Guys to our dealer network greatly enhances Infinity's exposure to discerning car audio consumers on the West Coast," said Christopher M. Dragon, director of brand marketing, Harman Consumer Group Mobile Audio Division. "We look forward to working with Good Guys' well-trained sales and installation staff to help customers experience the incredible sonic detail and realism inherent in our products."
"Infinity has an outstanding reputation for technology, performance and design and we are very excited to add the Kappa and Reference lines to our distinctive selection of entertainment electronics," said Cathy A. Stauffer, executive vice president, Good Guys. "By continuing to evaluate and refine our mobile electronics assortment, Good Guys is strengthening our value proposition to customers and reinforcing our position as a premier destination for car audio enthusiasts."
Infinity Systems (www.infinitysystems.com) is a division of the Harman Consumer Systems Group (HCSG), a leading designer, manufacturer and marketer of a wide range of high-fidelity loudspeakers, audio and video components and multimedia systems for use in homes and automobiles, and with computers. The Group's brands include JBL, Infinity, Harman Kardon, Mark Levinson, Madrigal Imaging, Revel, Proceed, Audioaccess and Lexicon.
HCSG is a division of Harman International Industries, Inc. Harman International (www.harman.com) is a leading manufacturer of high-quality, high-fidelity audio and video products for the consumer and professional markets. The Company's stock is traded on the New York Stock Exchange under the symbol "HAR."
With fiscal 2002 sales exceeding $800 million, Good Guys is the largest specialty retailer of higher-end consumer entertainment electronics in the nation. Good Guys offers a distinctive selection of fully featured digital and high-tech products, including name brand products and higher-end brands and models not widely available at the large, national chains. Founded in 1973, Good Guys operates 72 stores in California, Nevada, Oregon, and Washington. For more information, visit www.goodguys.com.
To the extent this news release contains forward-looking statements, such statements are subject to risks and uncertainties, including, but not limited to, the successful implementation of the Company's current restructuring and store closing program, increases in promotional activities of competitors, changes in consumer buying attitudes, the presence or absence of new products or product features in the Company's merchandise categories, changes in vendor support for advertising and promotional programs, changes in the Company's merchandise sales mix, the success of the Company's modified advertising strategy, the outcome of the Company's lease renegotiation efforts, and economic conditions.
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