FOR IMMEDIATE RELEASE
May 14, 2015
WESTERVILLE, OH, November 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 third quarter ended September 30, 2015.
Commenting regarding the Quarter’s results, Richard Conn, CFO of Guitammer, said, “through nine months of 2015, we have seen a sharp rise in our revenue as a direct result of increased cinema installations and having adequate inventory levels to enable us to meet customer demand. Late in 2014, we entered into a joint venture agreement that created LFT Manufacturing. LFT Manufacturing’s ability to provide us with key inventory items has proven critical in increasing revenue and meeting customer demand.”
Mark A. Luden, President of Guitammer said, “In addition to the overall sales increase we are very pleased with the accelerating pace of adoption of our products in the cinema market, esp. with the US largest and second largest exhibitors. When these new cinemas are active we anticipate more than 2mil movie goers per year in the US will experience a movie enhanced by our “4D Cinema powered by ButtKicker” technology. Additionally our efforts to further deploy and commercialize our broadcast technology are on-going and we expect to announce further deployments of our broadcast technology in late Q4 of this year or early Q1 of next year.”
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, “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 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 . 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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