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Press release Box-ID: 673972

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 Ms Jessica Bryner +1 425-672-0816
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MUSIC Group Macao Commercial Offshore Limited (Philippines) ROHQ

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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The publisher indicated in each case is solely responsible for the press releases above, the event or job offer displayed, and the image and sound material used (see company info when clicking on image/message title or company info right column). As a rule, the publisher is also the author of the press releases and the attached image, sound 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.