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Aaron Clinton

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Everything posted by Aaron Clinton

  1. Acquisition Will Significantly Expand Directed's Position in Home Audio Entertainment VISTA, Calif., Aug 21, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Directed Electronics, Inc. (Nasdaq: DEIX), today announced that it has entered into a definitive agreement to acquire Polk Audio, a leading provider of high performance home and mobile audio equipment. Consideration for the acquisition will be approximately $136 million in cash. Current Polk management will be joining the Directed team after the acquisition which is scheduled to close during the third quarter of 2006. Directed expects the acquisition to be accretive to its pro forma net earnings(1) in 2006 and beyond. (Logo: http://www.newscom.com/cgi-bin/prnh/20020424/DIRECTLOGO) "The acquisition of Polk, with its leading consumer brand, complements our current Definitive Technology product line. Having these two powerful brands under the Directed umbrella will give us the #1 position in the U.S. home speaker market according to industry data," commented Jim Minarik, President and CEO of Directed. "We look forward to working with the Polk team to expand our home audio business," he continued. Founded in 1972, Polk has grown into a leading speaker brand in home entertainment. The company sells its products in all key channels of home electronics distribution including a diverse set of customers such as Circuit City, Tweeter, Fry's Electronics, Crutchfield, and AVAD Distributors. Polk's focus on brand management and product development has resulted in an impressive track record of growth in both home and mobile audio. Polk co-founders Matthew Polk and George Klopfer will remain actively engaged after the transaction by using their 35 years of industry experience to advise on the direction of Directed's home audio strategy. Including Polk Audio's approximately $86 million in net sales for the twelve months ended June 30, 2006, Directed's net sales would have been approximately $435 million for the same period. "The addition of Polk Audio is significant in that it continues our strategy of building a growing and profitable security and entertainment platform," commented Kevin Duffy, Senior Vice President of Strategy, Corporate Development and Investor Relations. "We are also excited by Polk's broad product offering including the company's growing position in the expanding custom installation speaker market," he continued. "We have worked hard to build Polk into a profitable leader in home and mobile audio," stated Jim Herd, President of Polk Audio. "We believe the Polk brand is positioned for continued growth through our existing customer base, as well as through the introduction of innovative entertainment products for both the home and vehicle environments. We look forward to partnering with Directed to build our business together." Goldman, Sachs & Co. and Trivest Partners acted as financial advisors and Greenberg Traurig, LLP acted as legal advisor to Directed Electronics. Barrington Associates acted as the exclusive financial advisor and DLA Piper US LLP acted as legal advisor to Polk Audio. The acquisition will be financed by an addition to Directed's senior credit facility. CIBC World Markets and J.P. Morgan Securities are providing committed financing for the acquisition and related expenses. Investor Conference Call Directed will hold a conference call tomorrow, Tuesday, August 22, 2006, at 10:00 a.m. Eastern Daylight Time to discuss Polk Audio, the acquisition, and the expected effect on Directed. Directed may discuss forward-looking information on this call. To participate in the conference call, investors should dial 800-289-0494 ten minutes prior to the scheduled start time. International callers should dial 913-981-5520. If you are unable to participate in the live call, a replay will be available through Tuesday, September 5, at midnight Eastern Time. To access the replay, dial 888-203-1112 (passcode: 6855463). International callers should dial 719-457-0820 and use the same passcode. The call will be open to all interested investors through a live audio Web broadcast via the Internet at www.directed.com. For those who are not available to listen to the live broadcast, the call will be archived. About Directed Electronics, Inc. Directed Electronics is the largest designer and marketer of consumer branded vehicle security and convenience systems in the United States based on sales and a major supplier of home audio, mobile audio and video, and satellite radio products. As the sales leader in the vehicle security and convenience category, Directed offers a broad range of products, including security, remote start, hybrid systems, GPS tracking and navigation, and accessories, which are sold under its Viper®, Clifford®, Python®, and other brand names. In the home audio market, Directed designs and markets award-winning Definitive Technology® and a/d/s/® premium loudspeakers. Directed's mobile audio products include speakers, subwoofers, and amplifiers sold under its Orion®, Precision Power®, Directed Audio®, a/d/s/®, and Xtreme® brand names. Directed also markets a variety of mobile video systems under the Directed Video®, Directed Mobile Media® and Automate® brand names. Directed also markets and sells certain SIRIUS-branded satellite radio products, with exclusive distribution rights for such products to Directed's existing U.S. retailer customer base. Link'
  2. Couldn't tell ya , but if you find it . Let me know , cause I sure could use it one fungus laiden snack night in college, I had thought I was near that place, or at least seen something
  3. there is a member here that has 4 in a wall, and I think he posted up initial numbers a few months ago, plus last year jellyfish had 2 15's with some big power on them, I dont remember what he hit, but most every SPL number with the RL-ps were in boxes tuned fairly low from what I remember, so not the best for peak figures
  4. Wow, I am stunned that they held 1800 watts!
  5. also talk to Dave Edwards, he might still have some connections for amplifer parts and accessories
  6. when the mind goes, what is its destination?
  7. Talk to Xtremeasures on here (jamie) he builds for Lunar amplifers.
  8. what is your plan for them? and are they both working at 100%
  9. Ok if you want to support the forum that would be great. You would have to answer questions about product and help with product install information etc. It would be a good idea to post up information about the new line up, where PB is going, what they have coming up, SPL and SQ competition teams, customer install ideas etc.
  10. if he asked me I would have told him you were shady because you did not give me your extra mag :gayfight2:
  11. just saw this>>
  12. just was doing some quick math, if they do 450 watts @ $27/per so approx $200 = 3500 watts right?
  13. wonder if those cheap LA amps can be strapped, hehehe
  14. WTF mate 100HC NIB??
  15. But what would you use it for? Or would it just be added to the collection?
  16. I have seen one before, it was in a K9 blazer I think. I never said you were crazy, maybe crazy like a fox.
  17. hope to hear your thoughts on the MD3's
  18. I contacted scott and thought Fi would be a great addition to SSA and would fit right in. If you have not stopped by, say hello and welcome to Fi.
  19. are they supporting a competition team?
  20. I will never send them my money. There are good deals on A/D/S on ebay every once in a while. There are Crystals that are great for the price floating around too.

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