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ASHLY AUDIO PARTNERS WITH INDUSTRY VETERAN

Webster, NY — Ashly Audio Inc. Ashly Audio announced today that they have agreed to enter an exclusive partnership with Jam Industries (Ashly’s Canadian Distributor). “We are extremely pleased to have entered into this agreement. Both companies have been in the audio market for over 30 years, and share similar values and aspirations. I am confident that with the resources provided, Ashly will achieve strong sustainable growth,? said Dave Parse, CEO of Ashly Audio.

Ashly Audio will maintain its distinct brand identity; they will continue to engineer, manufacture, and distribute the Ashly and Camco brands from their current offices located in Webster, NY; all employees of Ashly will be retained.

Martin Szpiro, Executive Vice President states, “We are natural partners, and this investment not only provides synergy for both firms, but will further our long relationship, and will allow us to bring Ashly branded products to their full potential. We are very excited about the leading edge technologies, both in amplifiers and signal processors, that Ashly is developing. The prospect for our future together looks very promising.?

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