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MUSIC Group Macao Commercial Offshore Limited (Philippines) ROHQ 105 H.V. Dela Costa Street, 11th Floor, Trafalgar Plaza Makati 1 Manila, Philippines http://music-group.com
Contact Mr Joe Sanborn +1 702-800-8290
Company logo of MUSIC Group Macao Commercial Offshore Limited (Philippines) ROHQ
MUSIC Group Macao Commercial Offshore Limited (Philippines) ROHQ

Behringer Seeks Seat on Deswell's Company Board (DSWL: NASDAQ)

(PresseBox) (Manila, )
Uli Behringer, Chairman and CEO of MUSIC Group (www.music-group.com) has notified Deswell Industries Inc. (DSWL: NASDAQ) of his intention to seek a seat on the Company's board.

As the holder of a significant portion of Deswell stock, Mr. Behringer has expressed concern about the Company's performance in recent months.

"As a substantial shareholder, I'd like to have more input in the strategic focus and direction of the Company. Accordingly, I request that the company appoints me to its Board of Directors. I am a long term holder of Deswell shares and I have the requisite experience and industry knowledge to advise the company as it seeks new avenues for growth and a return to profitability." Behringer stated.

Deswell, with its subsidiaries Kwanasia (www.kwanasia.com) and Jetcrown (www.jetcrown.com.cn) , a manufacturer of consumer industrial products, including electronic products for the pro-audio market has shown a substantial decline in annual sales and profitability as well as a major turnover of key management in the recent period which raises strong concerns.

Behringer is requesting that the company calls a special meeting within the next 60 days to consider his appointment.

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MUSIC Group Macao Commercial Offshore Limited (Philippines) ROHQ

The Music Group is one of the world's largest pro audio and music products companies. As the corporate parent for world-recognized brands such as Midas, Klark Teknik, Turbosound, Behringer and Bugera, the Music Group owns and manages some of the finest brands in the industry. With a solid platform of technical innovation, proprietary Intellectual Property and unparalleled brand equity, Music Group companies and brands lead the market in over 130 countries across the globe.

Music Group products are designed and developed by over 250 dedicated members of the industry's most accomplished engineering team, spanning three continents. Our products are built and thoroughly quality tested in our own state-of-the-art factory Music Group City where we control every aspect of the supply chain and manufacturing process. The result of this intensive commitment to quality is that Music Group products are trusted by millions of users every day to produce and perform to exacting specifications and tolerances.

Music Group products can be found in professional and project recording studios, video and broadcast suites, post-production facilities, sound reinforcement applications including houses of worship, stadiums, nightclubs, retail locations and on major musical concert tours.

For more information, please visit www.Music-Group.com.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.