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Press Release |
CRYSTAL VIEW™
ACQUIRES THE MADRIGAL
IMAGING DIVISION OF MADRIGAL
Making the deal official at the
2002 CEDIA EXPO were (left to right), Wayne
Morris, Madrigal President; Gary Guidi,
Crystal View President; and David Wolff,
Crystal View Vice President of Sales and
Marketing.
September 24, 2002 - Crystal ViewTM, Inc. has
acquired the Madrigal Imaging division from
Madrigal. Crystal View intends to run the
division as a separate operation, maintaining
the Madrigal Imaging product and trademark,
and fully supporting warranty and service on
all new and previously sold Madrigal Imaging
products.
Roger Fortier, Madrigal Imaging National Sales
Manager stated, "Madrigal completed this
transfer following a review of its 5-year
business plan and the identification of a
buyer with similar standards for customer
service and distribution. We concluded that
our short but successful venture into the
video category created both opportunities as
well as resource conflicts with the long- term
goals for our core brands. Our customer base
values the supply and distribution of Mark
Levinson, Proceed, Revel and Audioaccess above
our involvement with video products. Thus,
this was a decision that made sense for both
Madrigal and our customers."
Fortier continued, "One of the compelling
reasons for this decision was Crystal View's
interest in continuing to distribute Madrigal
Imaging products to the over 200 Madrigal
dealers, as well as Crystal View's commitment
to customer service. We know of no other
company that provides the level of technical
service and field support that Crystal View
does. They are capable of providing a smooth
transition for our customers, and will
contribute improvements in product and service
over the long term. These were essential
considerations for us at Madrigal."
Effective, September 24, 2002, Crystal View
will begin selling the Madrigal Imaging MP-9
and MP-8 CRT projectors, and the MP-D1 single
lens D-ILA projector. Gary Guidi, Crystal View
President commented, "Crystal View is focused
on becoming the preeminent supplier of front
projection home theater equipment. We are
excited to add the excellent Madrigal Imaging
projectors to our product line. And we will
continue to supply, service and support all
current Madrigal Imaging dealers."
About Crystal View™
Crystal View was formed in June 2002 by Gary
Guidi, President of HI-Rez Projections -- a
company that has been specializing in CRT
projector service and remanufacturing since
1992, and David Wolff, former General Manager
of Vidikron -- a company that sold
high-quality CRT and single lens projectors.
Crystal View presently markets the Crystal
View 1, 9-inch CRT projector, and Crystal View
2 & 3, 8-inch CRT projectors. The three models
range in retail price from $36,000 to $60,000.
For more information on Crystal View, its
products and its services, contact:
David Wolff,
12 East Butler Avenue, Suite 111,
Ambler, PA, 19002
Telephone: (215) 643-6300,
Fax: (215) 643-6339,
or visit: www.crystalviewinc.com
About Madrigal
Madrigal is a division of The Harman Consumer
Systems Group (HCSG). HCSG is a leading
designer, manufacturer and marketer of a wide
range of high-fidelity loudspeakers, audio and
video components and multimedia systems for
use in homes and automobiles, and with
computers. The Group's brands include JBL,
Infinity, Harman Kardon, Mark Levinson, Revel,
Proceed, Audioaccess and Lexicon.
HCSG is a division of Harman International
Industries, Inc. Harman International (www.harman.com)
is a leading manufacturer for the consumer and
professional markets. The Company's stock is
traded on the New York Stock Exchange under
the symbol "HAR."
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