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Klipsch Group, Inc. Appoints Five Longtime Audio Industry Veterans to New Leadership Posts

INDIANAPOLIS (January 8, 2007) — As part of a corporate-wide strategy to accelerate global growth via multiple loudspeaker brands, Klipsch Group, Inc. recently placed five longtime audio industry veterans into new leadership roles at its wholly owned Klipsch Group Europe and Klipsch Group Asia Pacific distribution management companies.

“Since the formation last year, Klipsch Group Europe and Klipsch Group Asia Pacific have been successfully selling the Klipsch, Jamo, Mirage, Energy and athena loudspeaker brands in their respective regions,” said Paul Jacobs, president of Klipsch Group, Inc. “To ensure the continued success of these distribution divisions, we are hiring one and promoting four key employees to build a premier management team that will meet our very aggressive growth objectives.”

Per Magh, former Jamo market manager, has been promoted to director of marketing and operations for Klipsch Group Europe and Klipsch Group Asia Pacific. He is now heading up the office operations at the Niva, Denmark headquarters and distribution center, as well as continuing in his sales role for the Nordic Distribution Company. Additionally, Magh ensures that the company uses consistent and effective sales and marketing techniques for the Klipsch, Jamo, Mirage, Energy and athena brands throughout the European and Asia Pacific markets.

Prior to joining Klipsch in 2005, Magh worked as a sales manager in the professional products division for Bose Denmark, as a sales director for Harman Consumer Europe and as a brand manager for JBL, resulting in over 25 years of industry experience. Additionally, he has a degree in electronic engineering.

Dick Tuerlings, former Audio Products International director of European sales, has been promoted to director of distribution strategy for the Klipsch, Mirage, Energy and athena brands. He is charged with handling export forecasting, inventory control, market data collection, strategic business planning and sales training for all distribution channels. He also serves as the liaison between Klipsch Group Europe and the speaker brand companies regarding export market requirements.

In the consumer electronics industry for 19 years, Tuerlings has spent the last six at Audio Products International (API), makers of the Mirage, Energy and athena speaker brands, setting up a successful distribution strategy in Europe. Klipsch Group, Inc. purchased API last August as another step in its strategic plan of adding successful loudspeaker companies to its portfolio of products, as well as improving operations on a global level. Prior to API, Tuerlings worked in specialty A/V retail management, as an A/V buyer and as a CEDIA trainer in the U.K.

New to the company, Lars Johansen has accepted the position of director of sales and distribution for Klipsch Group Europe and Klipsch Group Asia Pacific, concentrating on the Mirage, Energy and athena brands. He is responsible for developing and maintaining high-quality relationships with key business partners throughout Europe and Asia as well as optimizing distribution strategies in these regions.

Previously, Johansen worked for Vifa International as a marketing and sales director, Miller & Kreisel as a sales director, Peerless A/S Denmark as a sales director and Harman Consumer Group, International as a JBL professional European sales manager and Infinity and Harman Kardon international brand manager. All in all, he has 20 years of experience in the field.

Rene Rijneveld, former sales manager for Klipsch Europe BV, has been promoted to director of sales and distribution for Klipsch Group Europe and Klipsch Group Asia Pacific, focusing on the Klipsch brand. He is now charged with growing business partnerships throughout Europe and Asia along with improving and expanding distribution in these territories.

Prior to joining Klipsch in 2000, Rijneveld spent 20 years at Harman International working as a sales manager for northern Europe as well as a managing director for Holland, Belgium and Denmark. Collectively, he has over 33 years of experience in the consumer electronics industry.

Ulrik Sindberg, former division manager of Jamo export, has been promoted to director of sales and distribution for Klipsch Group Europe and Klipsch Group Asia Pacific, concentrating on the Jamo brand. His tasks now include building relationships with new and longtime business partners throughout Europe and Asia, as well as increasing distribution throughout these regions.

Sindberg was already employed with Jamo when Klipsch acquired the Danish company in February 2005. His previous titles included: sales manager, country manager for Germany, managing director for Germany, and business unit director. Additionally, he has a business degree and market economist in international marketing degree from Kolding Business School and a diploma in marketing from South Danish University.

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About Klipsch Group, Inc.
Headquartered in Indianapolis, Ind., Klipsch Group, Inc. oversees the strategic direction and overall business operations of its six wholly owned divisions: Klipsch Audio Technologies, Jamo International, Audio Products International, as well as the Klipsch Group Americas, Klipsch Group Europe and Klipsch Group Asia Pacific distribution management companies. Klipsch Audio Technologies is a leading global manufacturer of high-performance, horn-loaded loudspeakers for the consumer and professional markets with worldwide headquarters in Indianapolis. Jamo International, headquartered in Glyngore, Denmark, manufactures and markets consumer loudspeakers with a strong focus on innovative technology and Danish design. Audio Products International, headquartered in Toronto, Canada, manufactures the Mirage, Energy and athena speaker brands. The three distribution management companies are charged with selling Klipsch, Jamo and API branded products in their respective regions. Klipsch Group Americas, responsible for North, South and Central America, is located in Indianapolis. Klipsch Group Europe and Klipsch Group Asia Pacific are managed out of Copenhagen, Denmark with a subsidiary being planned for Asia. For more information, please visit www.klipsch.com.

About Klipsch Group Americas, Klipsch Group Europe, Klipsch Group Asia Pacific
Established in 2006 as wholly owned divisions of Klipsch Group, Inc., the Klipsch Group Americas, Klipsch Group Europe and Klipsch Group Asia Pacific distribution management companies are responsible for selling Klipsch, Jamo, Mirage, Energy and athena loudspeakers in their respective regions. These groups work in a cooperative fashion to develop a global platform and product strategies that maximize research and development and capital resources, ensuring that the Klipsch Group brands stay on the cutting-edge of product, technology and brand development. These companies have the full financial resources and intellectual capital of the entire Klipsch Group at their disposal. For more information, please visit www.klipsch.com.

SOURCE: Klipsch Group, Inc.

CONTACT: Sarah Knight of Klipsch Audio Technologies, 317-860-8737 or sarah.knight@klipsch.com

WEB SITE: www.klipsch.com

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