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Thursday, September 29, 2016 11:51:23 AM
If you look at the chart you’ll see that at current levels, COBI is extremely well consolidated. In other words it’s spent its time at support levels and is now poised to skyrocket continuously.
Here’s a link to the chart: http://www.barchart.com/interactive_charts/stocks/COBI
Music Instrument Industry Is Still Highly Innovative
The global musical instrument industry is highly innovative. Today the global musical instrument industry has come a long way and is highly advanced and technology oriented.
Driven by high technology and online retailing trend, musical instruments are now more cost effective. In addition, the purchases are also made from local musical instrument retailers, chain stores and various other superstores. The instruments are primarily categorized into Piano, Digital Keyboards, Guitar, Wind Instrument and PA equipment.
The global musical instrument market is highly fragmented and characterized by the presence of more than 600 musical instrument manufacturers worldwide. The use of specific type of instrument in a region is highly influenced by the public taste in musical styles and cultural and social aspect of the specific geography. The demand in the musical instrument industry is currently driven by growing adoption of music as a hobby and rising disposable income in emerging economies.
News Development
Compass Biotechnologies Appoints Interim President
COBI recently announced the appointment of Mr. Steven Smith as its interim President as the Company completes the acquisition of EFS Audio and sees Mr. Shykora's departure as CEO.
Mr. Smith's extensive experience within and in-depth knowledge of the music industry will be key to the execution and success of the EFS Audio business strategy.
Mr. Smith's experience ranges from being a musician, DJ, studio engineer, and music producer, to traditional audio equipment, digital audio programming and live event production.
Mr. Smith intends to begin focusing on Industry specific marketing/advertising to broaden the Motion Sound product line exposure through event and artist sponsorships. Mr. Smith stated, "I am looking forward to working closely with EFS product engineers and sales team on the roll out of new and existing product developments."
To learn more about COBI please visit their website: http://www.msamps.com/
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