FOR IMMEDIATE RELEASE
Contact: Joseph Jaffoni, Robert Rinderman
J C I R
212-835-8500 or email@example.com
Westerville OH, September 5, 2012
The Guitammer Company (OTC BB: GTMM), a leader in low frequency sound and creator of the award-winning line of ButtKicker®-brand low frequency audio transducers that provide an immersive “4D” entertainment experience for audiences, announced today that it recently shipped new products to Pagnian Imports, its distributor for the Australasian market to meet strong demand ahead of the 2012 holiday season. Reflecting this shipment, Guitammer’s 2012 sales to date to Pagnian Imports already exceed the Company’s full-year 2011 sales by over 600%.
The higher level of sales recorded year to date compared to the full year sales in 2011 reflect ongoing consumer acceptance of Guitammer’s ButtKicker brand products combined with the Company’s increasing level of working capital that has allowed it to secure inventory and ship products to meet the growing demand.
Hess Ghahramanian, owner of Pagnian Imports said, “We are proud and also excited for the opportunity to partner with The Guitammer Company to distribute their fantastic products in Australia and New Zealand. The demand for the ButtKicker products has been huge in Australia, in fact the demand has often exceeded our stock levels so Guitammer’s increasing ability to have available inventory to meet our growing demand bodes well for sustainable sales growth in our markets.”
Ghahramanian added, “Customers absolutely love the ButtKicker products as they add a whole new level of immersion to movies, gaming and music that people have never experienced before as reflected in the many glowing endorsements we receive such as: ‘“It's absolutely brilliant and have recommended it to so many people already”’ (Chris Tander) and ‘“Blown away by this product, my sim always felt real but this takes it that next step” (Daniel J). “We love reading reviews like this from our customers,” concluded Ghahramanian.
Increasing consumer demand and Guitammer’s better working capital position following the recent successful private placement offering, which raised $1.6 million in new growth capital, are also reflected in total sales to date (through August 30, 2012) that already exceed full-year fiscal 2011 sales of $1.3 million by over 6% with more than one full quarter of operations still to go in the year.
Mark Luden, CEO of Guitammer stated, “Our recently completed private placement offering has further strengthened the Company’s working capital position, which has helped to drive an increase in our inventory levels commensurate with growing customer demand for ButtKicker branded products. As a result we continue to grow revenues from our core business products as we are more favorably positioned to meet demand from key partners including Hess Ghahramanian and his team at Pagnian Imports. We are extremely appreciative of the efforts Hess has put into distributing our products and even more pleased that we are now able to ship him product levels to meet the significantly increasing demand. We look forward to continuing to expand this relationship going forward.”
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About The Guitammer Company
The Guitammer Company is a leader in low frequency sound products and technology. Its innovative and award winning line of patented ButtKicker-brand low frequency audio transducers let users feel low-frequency sound (bass). ButtKicker brand products are used around the world by leading entertainment and theater companies such as AMC, IMAX and Disney in movie theaters and attractions; by world-famous musicians; in home theaters, simulators and for car audio. ButtKicker brand products are distributed by Pearl Drums for musicians under the trade name, “Pearl’s Throne Thumper by ButtKicker”, and factory installed in home theater seating by Palliser Furniture. ButtKicker brand products’ patented design makes them musically accurate, powerful and virtually indestructible. The Company is headquartered in Westerville, OH.
The Guitammer Company's patented broadcast technology, ButtKicker LIVE! enables the excitement, impact and feeling of sporting events to be broadcast along with the sound and video. ButtKicker LIVE! puts you into the action, whether you’re at home or at the event. ButtKicker Live! technology is available for cable, satellite, fiber optic, IPTV and over-the-air broadcast and has been successfully tested with several major content (sports) providers. ButtKicker® and ButtKicker Live!® are registered trademarks of The Guitammer Company. For additional information visit www.guitammer.com
About Pagnian Imports Pty. Ltd.
Pagnian Imports is home to Australia’s #1 Racing Simulator Cockpits and our products have been featured in Top Gear, Gizmodo, PC Authority, Games.on.net, Alpha Magazine, Crank & Piston and more. The Company is headquartered in Burleigh Heads on Australia’s Gold Coast. For additional information visit www.pagnianimports.com.au