D&M Holdings Inc. Completes Acquisition of Philips Sound Solutions
Brussels - January 5, 2007 - RHJ International (the "Company"), a
limited liability company organized under the laws of Belgium, having
its registered office at Avenue Louise 326, 1050 Brussels, announces,
today, that D&M Holdings Inc. has completed the purchase of Philips
Sound Solutions (PSS) from Royal Philips Electronics (NYSE:PHG,
AEX:PHI).
A translation in English of the announcement published by D&M
Holdings Inc. in Tokyo on January 5, 2007, is attached.
D&M Holdings Inc. (www.dm-holdings.com) is one of the current seven
portfolio companies of the Company. D&M Holdings Inc. manufactures
markets and sells premium audio-visual systems and components and
digital entertainment home networking products for home and
professional use. D&M Holdings Inc. markets these products under its
brand names Denon, Marantz, McIntosh Laboratory, Boston Acoustics,
Snell Acoustics, D&M Professional, Denon DJ, Replay TV®, and
Escient®.
D&M Holdings Inc. is listed on the second section of the Tokyo Stock
Exchange under the ticker 6735.
The Company currently holds approximately 51.3% of D&M Holdings
Inc.'s issued and outstanding shares (not including the exercise of
any stock acquisition rights).
DISCLAIMER
This announcement does not constitute an offer or invitation to
purchase any securities.
FORWARD-LOOKING STATEMENTS
The attached announcement contains forward-looking statements. All
statements other than statements of historical fact are statements
that could be deemed forward-looking statements. These statements are
based on the current plans, estimates and projections of D&M Holdings
Inc. as well as on its expectations of external conditions and
events. Forward-looking statements involve inherent risks and
uncertainties and speak only as of the date they are made. Neither
the Company nor D&M Holdings Inc. undertake to update any of the
statements in light of new information or future events, except to
the extent required by applicable law.
For further information, please contact :
Arnaud DENIS
Investor Relations Manager
RHJ International
e-mail : adenis@rhji.com
Please click on the link below to open the full pdf version of the
press release: