PRN: AuraSound Acquires Key Assets from Arvani
AuraSound Acquires Key Assets from Arvani
SANTA ANA, California, March 30, 2012 /PRNewswire/ --
AuraSound, Inc. (OTC BB: ARUZ.OB) today announced that they have acquired key assets from Arvani, a Norway based consumer electronics company. Included in the acquisition is the Arvani trademark, transfer of Arvani's current customers, and key staff. Mr. Ove Kristensen, previously CEO of Arvani, has joined AuraSound as General Manger, Europe.
"The Arvani acquisition is another key step in our previously announced strategy to expand our sales significantly outside of the U.S. market", stated Mr. Harald Weisshaupt, AuraSound CEO and President. "In addition to providing AuraSound with the recognized Arvani brand, it provides immediate access to some well-established retailers across several countries. We have initiated customer engagements and plan to ship our industry leading TV soundbars products into these new channels next quarter. I am very excited to have someone with Ove's breadth of experience, market knowledge, and business relationships join the AuraSound senior executive team. He brings the leadership required to ensure that we meet our aggressive sales revenue growth targets for the European market."
About AuraSound, Inc.
AuraSound has 25 years of experience specializing in the design and manufacturing of very high-end speakers, consistently providing people with an optimal audio experience. AuraSound's broad range of products include TV soundbars, high-quality drivers for TV's, and state-of-the art subwoofers and tactile transducers for the professional and specialty audio markets. AuraSound's products are based on patented and proprietary NRTÂ® Drivers, Bass Shakers, Line Source tweeters and more. With their 2010 acquisition of ASI Audiotechnologies, they added new customers, additional proprietary transducer technology, application specific amplifier designs and award winning ID designs. For more information visit the company website at http://www.aurasound.com.
Company Codes: Bloomberg:ARUZ@US, RICS:ARUZ