SLS International, Inc. (OTCBB: SITI), a designer and manufacturer of innovative proprietary audio systems, including its ultra-high fidelity "Ribbon Driver" loudspeakers, and Mark Burnett, executive producer of reality programs such as "Survivor", "The Apprentice" with Donald Trump, and his production company announced today that they have entered into a three-year promotion agreement. Under the terms of the agreement, Mr. Burnett and his production company will work to create product integration opportunities for SLS and SLS-branded products to be integrated into his prime-time network television productions and to secure product placements of SLS products. Mr. Burnett will also act as a consultant to SLS on various business development projects.
The promotion agreement contemplates collaboration toward a product integration to coincide with SLS' planned release of its "Q Line Qube System". The Q Line is a new line of high-quality home theater and entertainment products for global markets that SLS has co-developed with world-renowned producer, arranger, composer and Grammy Award, Academy Award and Emmy Award winner Quincy Jones. The Q Line Qube System, which combines SLS' proprietary "Ribbon Driver" technology with Quincy Jones' innovating design for optimum sound, is expected to launch in the first quarter of 2006. The promotion agreement contemplates that Mr. Jones will act as the on-camera SLS spokesperson in connection with product integrations generated by the promotion agreement.
"This deal exemplifies synergy at the intersection of the entertainment and consumer electronics industries," proclaims John Gott, SLS' chief executive officer. "This is a unique opportunity for us to join forces with some of the best names in Hollywood, increase brand awareness together and show the world what we have to offer. We are very excited about our upcoming Q Line systems and couldn't think of a better way to launch additional products from that line."
"I discovered SLS while analyzing sound systems for my new show Rock Star:INXS, and I was amazed by the sound quality of SLS speakers," said Mr. Burnett. "I met with the SLS executives and with Quincy Jones and quickly realized that SLS was a company to hitch my wagon to."
As part of the deal, SLS and Mr. Burnett's production company expect to enter into license agreements for the use of certain trademarks and phrases associated with programs where SLS products are placed or integrated. Any licenses would bear specified royalties based on certain sales of SLS products.
Based in Ozark, Mo., SLS International, Inc. is a 30-year-old manufacturer and developer of new proprietary [patent-pending] ultra-high fidelity Ribbon Driver loudspeakers, patented Evenstar Digital Amplifiers and sound systems for the commercial, home entertainment, professional and music markets. SLS has perfected the ribbon-driver technology enabling their loudspeakers to achieve exceptional inner detail and accuracy with 20% to 30% less distortion of typical compression driver and dome tweeters. SLS speakers and systems are used in high-profile venues such as NBC/MSNBC's 2002 and 2004 Olympics studios, the Recording Academy's Grammy Producers SoundTable events, and for the NAMM winter show, providing sound in the AVID Technology booth just to name a few.
Certain statements made in this press release are forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. When used in this press release, the words "plan," "intend," "expect" and similar words identify such forward-looking statements.
These statements involve risks and uncertainties, and actual events and results may differ materially from those described in this press release.
Factors that could cause or contribute to such differences include, but are not limited to:
the ability of the parties to successfully execute and perform any product integration or product placement;
the ability of the parties to agree upon the terms of definitive agreements for product integrations, product placements and related licenses;
the timing and success of SLS' launch of its Q Line Qube System;
the application of JMBP's and Mr. Burnett's creative control over all productions involving any product placements and product integrations;
the application of Mr. Burnett's reasonable discretion in promoting SLS and its products;
and the success of the various television productions involving JMBP and Mr. Burnett with which any product placements and product integrations, if any, are expected to be associated. More information about potential factors which could affect SLS' business and financial results is set forth in reports filed with the SEC, including SLS' quarterly reports on Form 10-Q and its annual report on Form 10-K.
All forward-looking statements are based on information available to SLS as of the date hereof, and SLS assumes no obligation to update such statements.
Source: SLS International Inc.