D&M Holdings Divests ReplayTV(R)

    TOKYO, Dec. 13 /PRNewswire/ -- D&M Holdings Inc. (TSE 1:6735) announced
 today it has sold most of the assets of its ReplayTV(R) brand company to
 DIRECTV Group, Inc., the leading satellite television provider in the U.S.
 ReplayTV(R) produces digital video recorders for the consumer market and
 enjoys a significant following due to its premium service and advanced
 technology. The terms of the agreement were not released.
 
     "Although we valued this asset and the business was profitable, the
 sale of ReplayTV(R) to DIRECTV makes the most sense for this business, its
 employees and us," said Chairman and CEO, Eric C. Evans. "We believe this
 transaction is a positive development for ReplayTV(R) and this sale allows
 D&M to further direct our focus on building our brands and executing our
 growth and acquisition strategies."
 
     D&M Holdings will remain the operator of the existing service contracts
 for current subscribers for the foreseeable future while DIRECTV will
 assume most of the other assets of the brand company.
 
     About D&M Holdings Inc.
 
     D&M Holdings Inc. is a global operating company providing worldwide
 management and distribution platforms for premium consumer, automotive,
 commercial and professional audio and video businesses including Denon(R),
 Marantz(R), McIntosh(R) Laboratory, Boston Acoustics(R), Snell Acoustics,
 Escient(R), Calrec Audio, Denon DJ, D&M Professional and D&M Premium Sound
 Solutions. Our technologies improve the quality of any audio and visual
 experience. All product and brand names with a trademark symbol are
 trademarks or registered trademarks of D&M Holdings, Inc. or its
 subsidiaries. For more information visit http://www.dm-holdings.com.
 
     Forward Looking Statement
 
     Statements in this news release regarding D&M Holdings, Inc. that are
 not statements of historical fact may include forward looking statements
 regarding future events or the future financial performance of the company.
 We wish to caution you that such statements are just predictions and that
 actual events or results may differ materially. Forward looking statements
 involve a number of risks and uncertainties surrounding the integration of
 the company's acquisitions, competitive and industry conditions, targeted
 cost savings programs, market acceptance for the company's products,
 technological changes, developing industry standards and other factors
 related to the company's businesses.
 
 
 

SOURCE D&M Holdings Inc.