Hi Jerry! SLW sounds very good! As you might guess PECB and EGLF making my day! But also FRD and COH helped too and doing well in a new add KLGE at 1.42 this morning...now 1.70 +.09 at HOD had news that looked pretty good for this pinksheet: KLGE Reports Strong Growth and Expansion Into New Office Space Wednesday January 25, 6:00 am ET
LAS VEGAS, NV--(MARKET WIRE)--Jan 25, 2006 -- Klegg Electronics, Inc. (Other OTC:KLGE.PK - News) is pleased to report due to strong order demand, the company has moved into additional office space. Klegg Electronics' new main office is located at: 6320 Mcleod Drive #3 Las Vegas, NV 89120 Source: Klegg Electronics, Inc.
(click to enlarge) · Klegg Electronics, Inc.
This new office comprises approximately 2,000 square feet of space. Management's old office will remain in use in order to continue expanding their sales division. Their current warehouse, which is approximately 67,000 square feet, will also be used to support further growth.
Currently Klegg's world's smallest color display MP3 player, known as the "Klegg Mini," has been gaining global attention. The new Klegg Mini is expected to dramatically expand the $40 billion MP3 market, which is already one of the fastest growing electronics markets in the world. Sales of MP3 players topped 27 million units worldwide in 2004 with an expected growth rate of 30% annually over the next five years.
The miniature MP3 which was recently featured on CBS and NBC is approximately 1.8 inches in length, 1.6 inches in width and 1/2 inch thick. This color display MP3 player comes in four colors: black, blue, pink and white. The miniature MP3 features 128/512 MB flash memory, playback photos, slide shows, one inch color display, voice recording with play, pause, fast forward, reverse, next track, previous track and shuffle play. Other features include 26-hour battery life, Li-ion rechargeable battery, CD Driver, software, headphones, FM tuner and 4,096-color display.
Klegg's miniature MP3 can only be purchased via customer service at (888) GO KLEGG or online at http://www.kleggusa.com. The world's smallest color display MP3 player can be purchased at a starting introductory price of $79.95.
Dennis Gentles, President of Klegg Electronics, states, "We are now beginning to gain global interest of our world's smallest color display MP3 player. Due to the high demand of this cutting-edge product and home theater technology systems, we have been forced to expand our office space. This decision was also made based on our forecast of continued record growth in sales."
About Klegg Electronics, Inc.:
Klegg Electronics, Inc. (KLGE) is a manufacturer and distributor of high-quality consumer electronics. Klegg Electronics has focused on designing a variety of products that work seamlessly together within the home. Klegg home theater systems are available in over 80 retail stores across the country. The corporation is headquartered in Las Vegas, NV.
For more information please contact Investor Relations at 973-351-3868 for Stephen Taylor or visit the company website at: http://www.kleggusa.com.
Cautionary Statement for the Purpose of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995: Forward-looking statements in this news release are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Certain important factors could cause results to differ materially from those anticipated by the forward-looking statements, including the impact of changed economic or business conditions, the impact of competition, the success of existing and new product releases, the management of our growth, other risk factors inherent in the internet, and extreme sports industries, and other factors discussed from time to time in reports filed by the company with the Securities and Exchange Commission.
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