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CRLI Circuit Research Labs Inc (CE)

0.0001
0.00 (0.00%)
05 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Circuit Research Labs Inc (CE) USOTC:CRLI OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.0001 0.00 00:00:00

Orban Announces Big Changes to Europe Operations

23/01/2008 2:00pm

PR Newswire (US)


Circuit Research Labs (CE) (USOTC:CRLI)
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TEMPE, Ariz., Jan. 23 /PRNewswire-FirstCall/ -- Circuit Research Labs, Inc. (OTC:CRLI) (BULLETIN BOARD: CRLI) , parent company of Orban/CRL, a worldwide leader in audio processing for AM, FM, TV, and Internet broadcasting today announced major changes to its European operations. With a new central processing center for Europe effective February 15, 2008, Orban Europe will now be fully responsible for all sales, orders, repairs and accounting in the European Union. Additionally, the company will begin full production and manufacturing of all Orban products in Germany later this year. The company has seen record sales growth in Europe since opening European Sales and Marketing operations in early 2002. The additional manufacturing capacity is necessary to keep pace with the increased sales in Europe. The company operates a technical and sales support center in the Netherlands and a research and development center in Ludwigsburg, located just outside of Stuttgart, Germany. The German operation will be responsible for all sales support and engineering as well as order entry and accounting operations. The Amsterdam operation will focus on sales, marketing, and customer service. Commenting on this change in operations, Orban/CRL President, CEO and Chairman C. Jayson Brentlinger stated, "For many years our European operation has been responsible for all sales in the EU, now with this change our dealers and customers can have direct contact for sales orders and customer support during the European daytime hours. Many years of sales growth in Europe have prompted us to augment our service in this very important part of the world. Having high quality German manufacturing is necessary for Orban to keep up with increasing demand for our products in Europe." Peter J. Lee, VP/ European Operations and Managing Director for Orban Europe commented, "This change will allow our company to be a functional part of the European economy, by building and servicing our full line of products here in Germany. Our new center will improve our service to our dealers and customers by giving them direct support during normal business hours here in Europe. This change further builds Orban's world class leadership in audio processing." Orban /CRL Systems, Inc. operates the following research and development centers: Northern California Research and Development Center San Leandro, California Los Angles Research and Development Center Diamond Bar, CA Tempe Research and Development Center Tempe, AZ Orban Europe Research and Development Center Ludwigsburg, Germany 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. The Company purchased Orban(R) in May of 2000. Orban was founded in 1970 by Bob Orban, who is the world's foremost expert in transmission audio processing for broadcast. Orban leads the industry in the design and manufacture of audio processors for radio, television and Internet broadcasting. Recognized for its standard-setting Optimod(R) digital audio processors and the Opticodec(R) codecs, the Orban name has become synonymous with reliable, high performance products. Today, its versatile audio processing equipment and codecs are the products of choice in fast-paced production environments worldwide. DATASOURCE: Circuit Research Labs, Inc. CONTACT: David Rusch, +1-480-403-8322, , for Circuit Research Labs, Inc. Web site: http://www.orban.com/

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