Loud Technologies

This isn’t good news for fans of Alvarez, Ampeg, Crate, EAW, Mackie, Martin Audio and TAPCO gear.

LOUD Technologies today announced that it received a notice from the Nasdaq Stock Market indicating that the Company is not in compliance with the requirements for continued listing under Nasdaq Marketplace Rule 4310(c)(14), because it did not file its Quarterly Report on Form 10-Q for the quarter ended September 30, 2008 (the “Form 10-Q”) by the prescribed due date (the “Nasdaq letter”).

The Nasdaq letter indicated that the Company has until January 20, 2009 to submit a plan to regain compliance.

LOUD’s Chief Financial Officer quit earlier in the year, after just a year, and LOUD recently announced it would cut its staff by 18 percent – about 90 employees.

It doesn’t look good for LOUD.

LOUD Technologies, in cooperation with Amoi Electronics, has opened a new distribution and sales office headquartered in Shanghai, China. This office will manage the distribution of Mackie, EAW, EAW Commercial, TAPCO and SIA branded professional audio products throughout China.

“The establishment of LOUD China will allow us to better leverage our highly complementary professional audio brands throughout this expansive market,” commented LOUD Technologies Director of International Sales Dave Christenson. “With the Mackie, EAW, EAW Commercial and TAPCO product ranges at their disposal, the LOUD China office will have the ability to service a broad range of professional audio markets, from individual musicians to large-scale commercial installations and Chinese government ministries.”

LOUD China has already established a key alliance with Jing Cheng Electronics (JCE) to service the Chinese professional and broadcast audio markets. “JCE enjoys an excellent reputation for uncompromising service and customer support within the professional audio community”, continued Christenson. “They are the ideal partner to help us launch our new digital products throughout China.”