FOR IMMEDIATE RELEASE
March 13, 2015
WESTERVILLE, OH, March 13, 2015 - The Guitammer Company (OTCQB: GTMM), the leader in haptic-tactile broadcast technology and creator of the award-winning line of ButtKicker®-brand low frequency audio transducers that provide an immersive entertainment experience for audiences, announced today its results for the year ended December 31, 2014.
Commenting regarding the Quarter’s results, Richard Conn, CFO of Guitammer, said, “Because of our focus on our patented broadcast technology, the Company experienced a shortage of available working capital required to fund certain inventory requirements related to its existing consumer products business for the first three quarters of 2014. Because of our success in raising needed capital, primarily in the third quarter of 2014, we experienced significant improvement in our sales numbers in the 4th quarter of 2014 compared to the 3rd quarter of 2014. Additionally, we are experiencing a significant improvement in our sales numbers in the 1st quarter of 2015 compared with the first quarter of 2014 based upon sales results in January and February. In addition, our sales pipeline for US cinema installations continues to grow with four new theaters totaling over 550 ButtKicker enabled seats expected to be installed and in use by this May.”
Mark A. Luden, President of Guitammer, stated in 2014 we made big strides with the commercialization and deployment of our broadcast technology with the San Jose Sharks / Comcast SportsNet CA agreement and deployment and our continuing efforts to with the Society of Motion Picture and Television Engineers (SMTPE) to create haptic-tactile broadcast standards for live events. Our agreement with the Sharks and Comcast SportsNet CA is a significant step forward for us as we continue to commercialize and standardize our haptic-tactile broadcast technology. Unlike last year’s national proof of concept for the National Hot Rod Association (NHRA) telecasts on ESPN2 where our agreement was only with the NHRA, this agreement is a true partnership with the team and the broadcaster with all three parties invested in the success of the technology.”
In January Fox affiliate KTVU in San Jose aired a segment entitled ”New technology for Sharks fans watching from home” that featured positive reactions from Sharks players, coach, local San Jose fans and the station’s news and sports anchors. The segment may be viewed here: http://wn.ktvu.com/clip/11022053/san-jose-new-technology-for-sharks-fans-watching-from-home
Additionally, Guitammer’s broadcast technology was recently featured in the Consumer Electronics Association’s “5 Technology Trends to Watch for 2015” (http://www.ce.org/i3/pages/Five-Tech-Trends-to-Watch). The report detailed the movement toward more immersive entertainment and highlighted Guitammer’s key role in this movement.
About The Guitammer Company
The Guitammer Company, based in Westerville, Ohio, is a leader in low frequency audio products and broadcast technology. The Guitammer Company’s patented and patent pending broadcast technologies, “ButtKicker Live!® or “4D Sports powered by ButtKicker”, enables the excitement, impact and feeling of live sporting events to be broadcast along with the sound and video, and puts the viewer into the action, whether at home or at the event. “4D Sports powered by ButtKicker” technology is available for cable, satellite, fiber optic, IPTV and over-the-air broadcasts. For more information including in-depth information regarding the 2013 successful national proof of concept for the NHRA telecasts on ESPN2 see www.guitammer.com/4Dsports.
The Company’s innovative and award-winning line of patented ButtKicker-brand low frequency audio transducers let users feel low-frequency sound (bass) and are musically accurate, powerful and virtually indestructible. They are used around the world by leading entertainment and theater companies such as: AMC Theatres, Alamo Drafthouse, IMAX, Disney and Lumiere Pavilions in movie theaters and attractions; by world-famous musicians; and in home theaters, by consumers for video games, simulators and car audio and are distributed by Pearl Drums for musicians under the trade name, “Pearl’s Throne Thumper by ButtKicker”. For additional information on The Guitammer Company and detailed product information, visit www.guitammer.com and www.shakemycouch.com.
For additional information on The Guitammer Company and detailed product information, visit www.guitammer.com and www.shakemycouch.com. To like our Facebook page or follow us on Twitter for company updates, visit www.facebook.com/thebuttkicker and www.twitter.com/thebuttkicker
This letter contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainty, including without limitation, the ability of the Company to successfully implement its turnaround strategy, changes in costs of raw materials, labor, and employee benefits, as well as general market conditions, competition and pricing. Although the Company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this letter will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as representation by the Company or any other person that the objectives and plans of the Company will be achieved. In assessing forward-looking statements included herein, readers are urged to carefully read those statements. When used in the Annual Report on Form 10-K, the words "estimate," "anticipate," "expect," "believe," and similar expressions are intended to be forward-looking statements.
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