May 1, 2003 12:00 PM
Elan's International Business Doubles
Elan Home Systems' international business has doubled in 2001 and 2002, according to the whole-house A/V and home automation maker. International dealers from more than 28 countries now account for more than 10 percent of the company's revenues. Since fall 2002, training classes are averaging a minimum of two international dealers every month. The training includes lectures, hands-on experience hooking up Elan equipment and programming with Elan's PC setup software, interaction with other dealers, and face time with Elan management. Elan's Lexington, Kentucky, training facility has hosted dealers from as far away as Russia, Brazil, Australia, and Israel.
Liberty Media Invests in DMX Music
Liberty Media has recapitalized DMX Music by investing $10 million. The infusion of capital is in support of DMX Music's seven months of record performance. A focus on customer service, integrated systems solutions, new management practices, and an aggressive sales plan contributed to DMX Music's financial and sales results the last half of 2002. The company is positioned to continue achieving positive financial and sales growth throughout 2003. DMX Music will use the financing to further build its infrastructure and for working and growth capital to continue its expansion as a global leader of comprehensive entertainment music solutions, including music programming, visual imaging, message marketing, promotions, and multimedia systems that feature high levels of integration and efficiency.
Barco Hosts Networking Event
Barco Events recently hosted its annual Rental Partner Meeting, which has become an annual networking event for the events and rental and staging industries. This year the event was held in Cancun, Mexico, at the Camino Real Resort, February 24 through 26. The three-day event was attended by more than 50 commercial and technical representatives from 30 rental and staging companies from the United States. Attendance to the event was by invitation only for Barco's key U.S. Rental Partners, who were treated to an agenda that included hands-on workshops with Barco's proprietary Events Controller and ViewScape, as well as demonstrations of the brand-new SLite 10 and SLite14 LED displays and workshops on the SLM R10 Performer and RLM G5 Performer projectors.
ESTA Approves Business Plan
The ESTA board of directors has voted unanimously to approve a detailed business plan to establish a personnel certification program for entertainment technology technicians, provided the required funds can be raised. Two key areas have been identified for initial development: electrical skills and rigging skills. In addition, a curriculum-based certificate program will be created to address essential skills that comprise a fundamental body of knowledge needed to work in the entertainment industry. The business plan for the certification program has been developed under the guidance of a professional certification consultant using research and market surveys.
Onkyo Announces IPO
Onkyo Corp. has gained the approval of the Securities and Exchange Commission of Japan for an Initial Public Offering of Over-the-Counter issues (stock code 6729) on the Japan Securities Dealers Association market. Onkyo has unveiled a company logo, which features Imaginative Sight and Sound, a concept meaning superior visual management and sound reproduction technology.
Mach Speaker Systems is restructuring for a future of growth under a new management team and renewed focus on the club and installation audio markets. As part of the restructuring, Mach Speaker Systems will become a separate division within Martin Professional with all activities, including research and development and sales management, to be united at the Mach manufacturing facility in Frederikshavn, Denmark. Soren Kjaer has been named managing director of Mach Speaker Systems and Anders Kryger as sales director.
New Dimension Brought to Old Art
Infinite Dimensions, LLC, is a 3-D fabrication facility servicing corporate and stage events, exhibit, environment, permanent installation, and themed interior requirements, as it opens its 70,000-square-foot production facility. The core services the company offers are fabrication, production management, and on-site services. Partners are Mitch Acker, founder and longtime president of Atlanta-based TTE Scenic Studio, and Don Wall, founder of Atlanta-based Staging Connections and Show Solutions.
Clockaudio Enters North America
Clockaudio, an international manufacturer of microphones and ancillary equipment, has formed Clockaudio North America. The U.K.-based company is headed by James Hallington and Christina Hallington. The company's focus is on systems integration, sound contracting, broadcast, and pro-audio markets and is based in Montreal, Canada.
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