Guitammer Insiders Acquire An Aggregate Of 156,000 GTMM Shares In Open Market Purchases
WESTERVILLE, Ohio, Nov. 28, 2012 /PRNewswire/ -- The Guitammer Company (OTC BB: GTMM), a leader in low frequency sound and creator of the award-winning line of ButtKicker®-brand low frequency audio transducers that provide an immersive entertainment experience for audiences, announced today that Chief Executive Officer, Mark A. Luden (100,000 shares), Chief Financial Officer Rich E. Conn, (4,000 shares) and Director, Walter J. Doyle (52,000 shares), recently made open market purchases in total of 156,000 common shares of Guitammer. Between November 5-16, Messrs. Luden, Conn and Doyle made open market purchases at prices ranging up to $0.35 per share. Additional information related to these transactions is available via Form 4 filings at the SEC's Edgar website.
Commenting on the insider buying, Mark Luden stated, "Pursuant to Guitammer's 'insider trading policy,' this represented the first opportunity for Walter, Rich and I to complete open market share purchases since the company began trading on the OTCBB. Our collective and growing optimism in Guitammer is based on the financial results the Company has posted year-to-date, noteworthy recent progress across our ButtKicker-branded business as reflected in the increasing global awareness of and demand for our products, and a belief that Guitammer's patent-protected ButtKicker LIVE!® broadcast technology is moving ever closer to becoming a commercial, recurring revenue-generating reality."
About The Guitammer Company (www.guitammer.com)
The Guitammer Company, Westerville, Ohio, is a leader in low frequency sound products and technology. Its innovative and award winning line of patented ButtKicker-brand low frequency audio transducers let users feel low-frequency sound (bass). ButtKicker brand products are used around the world by leading entertainment and theater companies such as Alamo Drafthouse, IMAX and Disney in movie theaters and attractions; by world-famous musicians; in home theaters, simulators and for car audio. ButtKicker brand products are distributed by Pearl Drums for musicians under the trade name, "Pearl's Throne Thumper by ButtKicker," and factory installed in home theater seating by Palliser Furniture. ButtKicker brand products' patented design makes them musically accurate, powerful and virtually indestructible.
The Guitammer Company's newly patented broadcast technology, ButtKicker LIVE! enables the excitement, impact and feeling of sporting events to broadcast along with the sound and video. ButtKicker LIVE! puts you into the action, whether you're at home or at the event. ButtKicker Live! technology is available for cable, satellite, fiber optic, IPTV and over-the-air broadcast and has been successfully tested with several major content (sports) providers. ButtKicker® and ButtKicker Live!® are registered trademarks of The Guitammer Company. For additional information, visit www.thebuttkicker.com and www.shakemycouch.com
SOURCE The Guitammer Company