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Panamax/Furman Sound Appoint Chris Swan to Vice President of Operations

PETALUMA, Calif. — March 27, 2007 – Panamax/Furman Sound, a leading provider of AC power management solutions, today announced the promotion of Chris Swan to vice president of operations for Panamax and Furman, effective immediately. Swan has served as Panamax‘s director of operations since 2000.

“Chris has successfully integrated the operations department for Furman and Panamax over the past year,” said Bill Pollock, president of Panamax/Furman Sound. “He is extremely deserving of this promotion.”

The Panamax/Furman Sound operations integration has resulted in better inventory management, more efficient supply chain management, and faster time to market for new products.

Since joining Panamax in 1994, Swan has been instrumental in getting the company ISO 9000 certified, maintaining inventory levels to support rapid growth, and creating world-class product development systems. In addition, Swan led the shift to overseas manufacturing allowing the company to compete effectively in the global economy.

Before joining Panamax, Swan was an owner and vice president of JEMCO Enterprises, Inc. He also worked at Kallen‘s Computer Products and Seagate Technologies. Swan holds a bachelor‘s degree in business administration from San Jose State University.

“My goals are to facilitate rapid product development and to lead our outstanding operations team in these exciting times,” states Swan.

Swan will be based in Petaluma, Calif., and will report to Bill Pollock.

# # #

Panamax ~ Furman
Panamax and Furman Sound have been international leaders in providing award-winning, innovative power management products for more than 30 years. Their products give audio/video systems the pure, noise-free power they need for superlative performance, while protecting them from damage caused by power surges and lightning. Together, as part of Panamax, Inc., these two brands address all major electronic markets including home theater, professional audio and music, broadcasting, audio/video recording, OEM, and office equipment. The companies are based in Petaluma, Calif., and sell through an international dealer network and select retail outlets. More information is available at www.furmansound.com and www.panamax.com.

Photo Link: www.wallstcom.com/Panamax/ChrisSwan.zip

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