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SLS International Signs Vendor Agreement With The Nationwide Group, USA's Largest Consumer Electronics Buying Group
Tuesday September 12, 7:00 am ET
SLS' Consumer Products will be available to over 2,700 Independent Retailers With Over 7,000 Locations Throughout the U.S. Where They Will Be Offered With Products from the Leading Electronics Manufacturers
OZARK, Mo., Sept. 12 /PRNewswire-FirstCall/ -- SLS International, Inc. (Amex: SLS - News), a leading provider of premium quality sound systems for professional (recording studio, concert, etc.), cinema and home entertainment markets, announced today that it has been selected as a vendor for The Nationwide Group. As a result, the SLS Consumer product lines are now available and being sold to over 2,700 independent retailers in over 7,000 locations throughout the U.S.
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SLS introduced its Consumer products, including the Q Line Silver, The HT Series and the Design Series at the Nationwide Prime Time Convention August 21st and 22nd, 2006 in Las Vegas to a strong reception.
"The introduction of SLS' products to our Members went extremely well," stated Mike Decker, Nationwide VP of Marketing/Electronics. SLS' booth and demonstration area was very busy the whole show and they appeared to be writing a lot of orders. For this to happen to an audio company the first time they display was very encouraging. SLS, without a doubt, was significantly attracting more members into their booth and the feedback that we have received from our Members has been very positive as well. I think that SLS will do very well as a Nationwide vendor as their products seem to fit a niche needed by our Members."
"This relationship is what we have been looking for and it significantly expands our distribution," stated John Gott CEO of SLS International. "Our consumer products are great values in the marketplace and they still remain largely unknown by the general public. The tests that were performed in the Big Box retailers over the past 12 months have shown that when our product is displayed correctly and consumers can audition the sound produced, sales usually result. We are new to the industry with a superior technology and this increased distribution will help potential customers better understand our benefits and hear the difference in our products. The sales of our commercial lines continue to increase due to the fact that customers are able to learn about and listen to our products. This is what we are expecting to happen in the outlets of the Nationwide Members stores. The Nationwide retailers have typically been in business for many years and they have trained sales personnel to explain what they sell to their customers and they generally display what they are offering in the correct manner. Also, there are over 7,000 storefronts that can now offer our products and many of those are in cities of smaller population where the Big Box retailers do not have locations. In comparison, our Q Line Gold systems have been offered recently in the majority of the Best Buy stores which only amount to approx. 620 locations."
"It is now our intention to focus our efforts on marketing our Consumer Products, that include the Q Line Silver, The HT and Design Series and later in the fourth quarter the Q Line Gold, towards the independent retailers of the USA," added Mr. Gott. "This approach allows potential buyers the chance to see, hear and understand the advantages of the SLS Ribbon Technology. We will also have a much broader base of customers to sell to as opposed to placing the success of these products solely with one retailer."
About SLS
Based in Ozark, Mo., SLS International, Inc. is a manufacturer and developer of new proprietary patent-pending ultra-high fidelity Ribbon Driver loudspeakers, patented Evenstar Digital Amplifiers and sound systems for the commercial, home entertainment, professional and music markets and cinemas SLS has perfected the ribbon-driver technology enabling their loudspeakers to achieve exceptional inner detail and accuracy with 20% to 30% less distortion of typical compression driver and dome tweeter systems. SLS speakers and systems are used in high-profile venues such as NBC/MSNBC's 2002, 2004 and 2006 Olympics studios, the Recording Academy's Grammy Producers Sound Table events, Network Television's Rockstar INXS and Rockstar SuperNova just to name a few. For more information, visit http://www.slsaudio.com.
Safe Harbor
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.
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