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GPX Lands Exclusive GoVideo License
GPX SELECTED AS EXCLUSIVE DISTRIBUTOR
AND TECHNOLOGY PARTNER FOR GO-VIDEO
CE Company to Expand “The GoVideo Experience”
of Innovation, Simplicity, Value, and Support
St. Louis, Missouri – June 29, 2006 – GPX, a premier designer and manufacturer of the consumer electronics industry’s most popular and feature-driven audio and video products, today announced an exclusive licensing agreement with Opta Corporation for the GoVideo brand. In a move that guarantees the continued success of GoVideo’s innovative product line, GPX will assume all responsibility for marketing GoVideo’s patented Dual-Deck systems as well as design and manufacturing activities surrounding a new and growing line of digital video playback solutions.
“We look forward to leveraging our market experience, technology strengths and deep customer relationships to help continue the success of GoVideo and build on the line and brand,” said Bill Fetter, CEO of GPX. “The GoVideo line is a great addition to the GPX family of products, and this license is one of the many developments we have implemented in connection with our strategic growth initiatives.”
Under the arrangement, GPX becomes the exclusive licensee for all existing GoVideo component products at retail. GPX will also be developing additional video innovations to focus on the key strengths of the Dual-Deck format along with a complete line of new DVD offerings and additional cool and stylized personal video products. The expanded line-up of products will be on shelves in fall of 2006 at fine consumer electronics retailers nationwide.
“We chose GPX over numerous other companies due to its unique ability to develop innovative features and industry-leading designed products,” said Chris Porter, president of GoVideo. “GPX was viewed as the best company to continue the GoVideo tradition of developing first-to-market products, and we look forward to assisting them as they grow the brand throughout North America.”
About GPX, Inc.
For more than 30 years GPX has offered one of the broadest portfolios of technology-driven consumer audio and video products. An award-winning consumer electronics company, GPX has built a solid reputation on excellent product quality, reliability, design and affordability. GPX corporate headquarters in St. Louis, Missouri houses its engineering, logistics and design groups as well as 30,000 square feet of in-country warehouse space to facilitate immediate product sourcing for its customers. GPX also has offices in Asia that provide engineering, design, logistics, quality control, and global product management services. GPX is owned by Synergy Enterprises, LLC., a New Jersey-based private investment firm that specializes in the acquisition and management of companies with growth potential. For more information on GPX and its products and services, visit www.gpx.com.
About Opta Corporation
Opta Corporation licenses a network of established and widely recognized brand names to companies in the U.S. consumer electronics marketplace. Opta’s portfolio of brands includes GoVideo, CineVision, Sensory Science, Rave-MP, Rave, GOJr., and California Audio Labs. For additional information, please contact Opta at (480) 998-3400.
GPX is a registered trademark of GPX, Inc. All other products and brand names as they appear in this release are the trademarks of their respective holders.
GPX Go Video Press Final.doc (32.3 k)