Successful Entertainment Industry Directors to Bring Marketing Expertise and Relationships to Accelerate Adoption of Cutting-edge Speaker Technology
Springfield, MO February 2, 2005 -- SLS International, Inc. (OTCBB: SITI) announced today that it has appointed R. Steven Hicks and Dell Furano to its Board of Directors. Mr. Hicks is currently Chairman of Capstar Partners, LLC while Mr. Furano, is CEO of Signatures Network. Each are well-known in the entertainment industry and have built Several widely recognized and highly successful companies.
I am pleased to join SLS International's Board at such a key juncture for the company," said Mr. Hicks. "The company has invested heavily to develop promising technology that offers a unique audio experience for both consumers and industry professionals. I look forward to sharing my experience in developing other entertainment companies to help SLS as it expands."
"Today, SLS has the technology, manufacturing capability and product mix to attract wide-spread consumer interest," said Mr. Furano. "I look forward to working with John and his team as they continue to develop the market. After listening to the speakers, I am even more convinced of the potential for the products and the company."
Prior to forming his new venture, Capstar Partners, LLC, which specializes in assisting early stage technology companies with growth strategies and investments, Mr. Hicks was Vice Chairman of AMFM Inc., the nation's largest owner and operator of radio stations across the US. The company merged in August, 2000 with Clear Channel Communications, Inc.
In 1996 Mr. Hicks founded Capstar Broadcasting Corporation. Capstar Broadcasting's strategy was to be a leading consolidator or middle Market radio stations across the US and by 1998 was the nation's largest holding company with 350 stations. In 1998, Mr. Hicks led Capstar Broadcasting to a successful initial public offering on the New York Stock Exchange. In 1999 Capstar Broadcasting merged with Chancellor Media Corp. and in a stock swap valued at $4.1 billion.
Mr. Hicks has been a member of the Board of Directors of XM Satellite Radio, HealthTronics and numerous private companies. During over the past 33 years, he has developed extensive relationships throughout the Broadcast and entertainment industry. Mr. Hicks is a graduate of the University of Texas and the past Director of the National Radio Broadcasters Association.
Mr. Furano is presently the founder and CEO of Signatures Network, http://www.signaturesnetwork.com, a merchandising and promotional company that has the rights to market products for over 125 of the worlds leading entertainers including, U2, The Beatles, Jessica Simpson, Alan Jackson and Jennifer Lopez, among others. Prior to forming Signatures Network, Mr. Furano was the founding CEO of Sony Signatures, Sony Corp.'s entertainment, merchandising, licensing and consumer products division. While at the helm of Sony Signatures, he quickly built the division into a major entertainment licensing and branding powerhouse. Before joining Sony Pictures Entertainment, Mr. Furano teamed up with legendary music producer Bill Graham to co-found Winterland Productions, a music merchandising company. In the mid 1980's he sold Winterland to CBS Inc. Mr. Furano is a graduate of Stanford University.
"I am pleased that we were able to attract two outside Directors with such stature in the entertainment industry," stated John Gott, President and CEO of SLS International. "I look forward to working closely with them to receive their expertise and assistance in all elements of our business. Their reputation for success in our industry should create many new opportunities for us among retailers and industry professionals."
Based in Springfield, Mo., SLS International, Inc., is a 30-year-old manufacturer and developer of new patent-pending ultra-high fidelity Ribbon Driver loudspeakers, Patented Evenstar Digital Amplifiers and sound systems for the commercial, home entertainment, professional and music markets. SLS has perfected the ribbon- driver technology enabling their loudspeakers to achieve exceptional inner detail and accuracy with 20 to 30 percent less the distortion of typical compression driver and dome tweeters. SLS speakers and systems are used in high profile venues such as NBC/MSNBC's 2002 Olympics studios in Salt Lake City -- NBC is a wholly owned subsidiary of General Electric; MSNBC is jointly owned by GE and Microsoft Corporation -- the Recording Academy's Grammy Producers SoundTable events, and for the NAMM winter show, providing sound in the AVID Technology booth. For more information, visit http://www.slsloudspeakers.com.
Matters discussed in this press release contain forward-looking Statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company with the Securities and Exchange Commission.
Source SLS International, Inc.
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Jeff Lowry, Communications of SLS International, +1-417-883-4549, fax, +1-417-883-2723, or e-mail protected from spam bots; or Ed Lewis of CEOcast Inc., +1-212-732-4300, fax, +1-212-732-1131 or e-mail protected from spam bots, for SLS International