PresseBox
Press release BoxID: 673972 (MUSIC Group Macao Commercial Offshore Limited (Philippines) ROHQ)
  • MUSIC Group Macao Commercial Offshore Limited (Philippines) ROHQ
  • 105 H.V. Dela Costa Street, 11th Floor, Trafalgar Plaza
  • Makati 1 Manila
  • http://music-group.com
  • Contact person
  • Jessica Bryner
  • +1 (425) 6720816

Behringer Seeks Seat on Deswell’s Company Board

(PresseBox) (Manila, ) li 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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