Circuit Research Labs Announces Acquisition of Autogram
Tempe, AZ., July 17th, 2006 – Circuit Research Labs, Inc (OTCBB: CRLI.OB), a worldwide leader in audio processing for AM, FM, TV, and Internet broadcasting, announces the acquisition of Autogram, designers and manufacturers of quality audio consoles. The agreement with Autogram further expands Circuit Research Labs’ already extensive product line of broadcast equipment sold to both on-air and internet radio stations, in addition to television stations around the world. The products will be sold under the name “Autogram/CRL”. Production, sales, and service of Autogram/CRL consoles will move from Plano, Texas to CRL’s Marketing and Production facility located in Benton, Arkansas in the Little Rock, Arkansas Metro Area.
For over 30 years, Autogram has been providing both domestic and international radio stations with quality audio products. The design and technology of the Autogram consoles, including the new digital-ready Pacemaker II consoles, has earned them a quality reputation in the radio industry. Autogram Founder and President Ernest Ankele, along with his wife and partner DeLores, will remain with the company on a consulting basis for 3 years, allowing for a smooth transition for the product line. Ankele has recently commented, “We make our consoles so solid that they just keep going and going.”
CRL President, Chairman, and CEO Jay Brentlinger stated, “We feel fortunate to be able to continue the strong tradition Autogram has established in the broadcast industry, and look forward to working with Ernie and DeLores in bringing new Digital technologies into play for this fine product line. Autogram/CRL consoles will be a welcome addition to our wide selection of audio products offered to broadcasters around the globe.”
Autogram/CRL customers with questions or comments are welcome to call CRL at 480-403-8300 during normal business hours.
Circuit Research Labs, Inc. Forward-Looking Statements
This news release may contain “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995. Management’s anticipation of future events is based upon assumptions regarding levels of competition, research and development results, raw material markets, the markets in which the company operates, and stability of the regulatory environment. Any of these assumptions could prove inaccurate; and therefore, there can be no assurance that the forward-looking information will prove to be accurate.
About Circuit Research Labs, Inc.
Circuit Research Labs, Inc. is a manufacturer of high-quality digital and analog audio processing, transmission encoding, and noise reduction equipment. Circuit Research Labs, Inc. is in the market for radio, TV and Internet audio processing. As technology evolves, Circuit Research Labs continues to innovate with state-of-the-art audio processing products for DAB, DTV and streaming media. For more information contact David Rusch at phone +1 480 403-8300, fax +1 480 403-8301 or e-mail: drusch@orban.com. Information is also available at www.orban.com and www.orban-europe.com.