|For Immediate Release
Washburn International Becomes U.S. Music Corp.
Chicago, Illinois, December 15, 2002 - Washburn
International is pleased to announce the renaming of the corporation
to that of U.S. Music Corporation. This is a result of the acquisition
of the assets of U.S. Music Corporation inclusive of all of its
intellectual properties and goodwill. As a result of that acquisition,
the corporate name will be changed to U.S. Music Corp. beginning
on January 1, 2003.
Rudy Schlacher, CEO says” This acquisition gives us the
opportunity to clearly separate the parent corporation from the
name of its producing division Washburn Guitars. It also helps us
to provide more equality and focus on our other producing divisions,
which are helping to provide us with growth in revenues and excitement
in the marketplace. Washburn Guitars, Randall Amplifiers, Vinci
Strings and Accessories, SoundTech Professional Audio and Oscar
Schmidt all have expansive positions and new focuses that require
equality in brand recognition. U.S. Music is a great and esteemed
name in the music business, and the fit is excellent as it owned
Randall and Vinci prior to our acquisition”.
Additionally, we are pleased to announce the appointment of Garry
Gryczan to the post of COO as part of the corporate change. Garry
worked in the position of CFO in 1995 thru 1998. He has rejoined
our management team after a hiatus, which included the Management
of a home furnishings company in the position of COO. Garry has
over 20 years of operations and finance management. Garry is an
alumnus of the University of Chicago Graduate School of Business
and holds an MBA in finance.
U.S. Music Corporation will proudly be displayed as the parent
Corporation at the NAMM show in Anaheim in January 2003 at booth
# 5244. Many exciting events and promotions are planned to help
celebrate this momentous occasion.
CEO Rudy Schlacher with new COO Garry Gryczan
The U.S. Music Corp. headquarters is just north of Chicago in Mundelein,
Illinois. A leading musical instrument manufacturer in the industry,
U.S. Music Corp. is a manufacturer and distributor of Washburn Guitars,
Randall Amplifiers, Oscar Schmidt Guitars, SoundTech Pro Audio Systems
and Vinci Strings. U.S. Music Corp. is dedicated to providing quality
instruments to guitar players and musicians worldwide, and at the
same time, continuing its legacy through the 21st century.
For additional information about U.S. Music Corp., visit the company
on the web at usmusiccorp.com or call 800.877.6863. USM is a leading
manufacturer and distributor of fine musical instruments.