–Sadowksi built CE business, expanded global vendor partnerships for Amazon.com–
MAHWAH, NJ–Nov. 2, 2006 — D&M Holdings Inc. (TSE I: 6735) announced today consumer electronics industry innovator Frank Sadowski will join D&M Holdings as executive vice president of business development. In this newly created position at D&M Holdings, Mr. Sadowski will play a key strategic role in identifying business directions and product strategies to reach and delight the premium CE customer.
“We are pleased to have someone of Frank’s stature join D&M,” said Vic Pacor, president and chief operating officer of D&M Holdings. “As an innovator, Frank has his pulse on what CE consumers want in both domestic and international markets,” he said. “We’re committed to our strategic focus of distributing products through specialty retailers and the custom installation markets, and Frank’s creativity and insights will bring us fantastic new opportunities to connect with premium CE customers and differentiate our products on a worldwide basis,” he added.
D&M Holdings owns the Denon, Marantz, McIntosh Laboratory, Boston Acoustics, Snell Acoustics, D&M Professional, Denon DJ, ReplayTV and Escient brands. D&M Holdings is based in Kawasaki, Japan with North American headquarters in Mahwah, New Jersey.
Mr. Sadowski most recently served as vice president of global CE vendor management at Amazon.com, the leading global e-commerce retailer. Mr. Sadowski spent 5 years at Amazon.com, building both domestic and international markets. He joined Amazon.com in 2001 as vice president, U.S. consumer electronics merchandising.
Before joining Amazon.com, Mr. Sadowski was senior vice president of merchandising and operations at 800.com, where he was a trailblazer in the business of marketing consumer electronics online. He also held management positions at Sun Television and Appliance, a regional retailer of consumer electronics and appliances, and SILO, INC., a national retailer of consumer electronics and appliances.
“The team at D&M Holdings has successfully developed a great line-up of global premium brands in the CE industry,” said Mr. Sadowski. “I am joining D&M Holdings because there’s an exciting opportunity to expand D&M’s global reach and relationships with customers, vendors and distributors by leveraging my industry experiences,” he said.
Mr. Sadowski will join D&M Holdings on December 1, 2006.
About D&M Holdings Inc.
D&M Holdings Inc. (TSE I: 6735) is based in Kawasaki, Japan and owns the Denon, Marantz, McIntosh Laboratory, Boston Acoustics, Snell Acoustics, D&M Professional, Denon DJ, ReplayTVa and Escienta brands. Denon, Marantz, McIntosh and D&M Professional are global industry leaders in the specialist home theater, audio/video consumer electronics or professional audio markets, with a strong and long-standing heritage of manufacturing and marketing high-performance audio and video components. Boston Acoustics, with its signature The Boston Sound, is a leader in premium loudspeakers for home and audio markets. Snell is a super premium speaker brand. The ReplayTV and Escient brands represent award-winning technologies in digital home entertainment. Additional information is available at www.dm-holdings.com.
Denon and Marantz are registered trademarks of D&M Holdings Inc.; McIntosh is a registered trademark of McIntosh Laboratory, Inc.; Boston Acoustics is a registered trademark of Boston Acoustics, Inc. and ReplayTV and Escient are registered trademarks of Digital Networks North America, Inc.
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Statements in this news release regarding D&M Holdings Inc. that are not statements of historical fact may include forward looking statements regarding future events or the future financial performance of the company. We wish to caution you that such statements are just predictions and that actual events or results may differ materially. Forward looking statements involve a number of risks and uncertainties surrounding the integration of the company’s acquisitions, competitive and industry conditions, targeted cost savings programs, market acceptance for the company’s products, technological changes, developing industry standards and other factors related to the company’s businesses
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