News & Events



FOR IMMEDIATE RELEASE
Contact: Media
Phone: 614-898-9370
Email: media@guitammer.com



Guitammer Update August 24, 2018

August 24, 2018

The purpose of this letter is to provide an update regarding The Guitammer Company (OTC Pink: GTMM), its recent financial results, and our plans going forward, especially in terms of the reporting requirements for a publicly traded company.

For the year ended December 31, 2017, the Company had positive Adjusted EBITDA of $220,773 with sales of $2,422,873. These results were significantly better than 2016, due primarily to an increase in sales in the cinema and gaming/simulation market segments of our business, combined with a full year availability of product from our joint venture manufacturing partner, LFT Manufacturing. Please see our unaudited Statement of Operations (P & L) and Balance Sheet attached to this letter for further financial detail.

Company highlights for FY 2017 include:

  • Cinemas sales increased 167% FY ’17 compared to FY ’16 and 412% compared to FY ’15.
  • Worldwide cinema sales distribution agreements secured with Ferco Seating, Kotobuki Seating and Moving Image Technologies.
  • ButtKicker Gaming product sales increased 246% over FY ’15 on a monthly run rate basis. (Gaming products came back in stock in May of ‘FY17 after being out of stock in early FY’16).
  • The Society of Motion Picture and Television Engineers (SMPTE) Standard 2100, “Definition and Representation of Haptic-Tactile Essence” was published. The Standard’s Drafting Group was chaired by Guitammer and this Standard is a significant part of the Company’s efforts to commercialize its patented haptic-tactile broadcasting technology for live sports, eSports and other live events.

For 2018 Guitammer’s focus is to expand the Company’s cinema and gaming/simulation sales and bring to market new products to increase sales in the consumer home theater market. Additionally, we are beginning to realize product sales around the world for location-based Virtual Reality entertainment venues.

We continue to work on standardization efforts for our haptic-tactile broadcast technology and to engage with key strategic partners who will help us bring this game-changing technology to market. We hope and expect to see the fruit of those efforts in 2019 in terms of further deployments and revenue generation.

The Company’s management team, and its Board of Directors own the majority of the Company’s common stock and all of the preferred stock and are committed to growing the business to enhance its value for the sake of all our shareholders. Unfortunately, we have not been able to file the annual 10-K’s and quarterly 10-Qs since the third quarter of FY2016 due to the high cost of the annual audit and reviews as well as the legal and compliance fees. Our stock is thinly and sporadically traded on the Pink Sheets and we do not think it at all reflects the Company value, nor do we see how, at this time, being a SEC reporting company is adding any value to our shareholders. Therefore, after advice from our counsel, we have filed SEC Form 15, “Certification and Notice of Termination of Registration” so that we can invest our capital as well as our management time on business operation related activities. Please note that we expect “GTMM” will continue to be traded on the pink sheets as long as there continues to be willing buyers and sellers. If and when we are able to catch up with our missed Annual and Quarterly Reports those will be published on the SEC’s EDGAR system and we will publish a 2018 Shareholder Letter by March of 2019.

To stay up to date with ButtKicker products and Guitammer we invite you to join our Facebook page at: www.facebook.com/thebuttkicker and to connect with me, Mark Luden, on LinkedIn.

For more information regarding the Company’s “ButtKicker Cinema System” and to find the location nearest you, please visit: www.guitammer.com/theaters.

Further Company information, including video highlights of live haptic-enabled broadcasts for the NHRA on ESPN2 and the San Jose Sharks on Comcast SportsNet can be found at: http://guitammer.com/broadcast-technology.

For information regarding ButtKicker brand products for gaming, home theater, simulation, VR, Pro Audio/MI and more, please visit: www.thebuttkicker.com.

If you have any questions or concerns, please feel free to reach out to any of us.
Sincerely,

  Mark A. Luden		Lawrence L. Lemoine	Walter Doyle		Ken J. McCaw

  President/CEO		CFO			Member of Board	Member of Board
  Member of Board



  [Unaudited 2017 and 2016 Financial Results Follow]



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 technology “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. The technology is available for cable, satellite, fiber optic, IPTV, and over-the-air broadcasts.For more information see http://guitammer.com/broadcast-technology.

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, Regal Entertainment, Cinemark Theatres, 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. They 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 . To like our Facebook page or follow us on Twitter for company updates, visit www.facebook.com/TheButtKicker and www.twitter.com/TheButtKicker.


Safe Harbor:
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.