Klegg Electronics announced that they will be launching a new line of flat panel televisions, speaker systems, mini MP3 players, and digital video MPEG4 players starting in early January of 2007 and calling it the GENESIS line. 

These new products will target a broader range of consumers offering the same quality components as Klegg’s high end products but at a lower price point.

The first set of GENESIS products will appear in retail chains, various Internet stores and on the Klegg website starting on January 8th, 2007 – guess they have no plans on hitting the holiday season.

[Check it out]

 

Klegg Electronics Schedules Launch of New GENESIS Line of Flat Panel Televisions, Speakers and Portable Media Players

LAS VEGAS –(Business Wire)– Dec. 1, 2006 Klegg Electronics, Inc. (Pink Sheets:KLGE) announced the launch date of its new GENESIS line of flat panel televisions, speaker systems and Klegg mini MP3 and digital video MPEG4 players. The new Klegg GENESIS products will feature the same quality components as the high-end high-performance Klegg Electronics line but will be geared toward a broader consumer electronics market with lower pricing and greater retail distribution. The first GENESIS flat panel televisions, speakers and Klegg mini MP3 players will appear in retail chains, on various internet e-tailers, and on the new Klegg GENESIS web-site on January 08, 2007.

To date, the Klegg Electronics product line has been classified as high-end and high-performance with features like Klegg’s next generation Smart Home Technology, that allow multiple TVs, Media Players and audio products to communicate with each other over the internet. Prior to the launch of GENESIS, the Company’s primary channel for distribution of its products has been specialty high-end retailers and custom installers.

Dennis Gentles, CEO of Klegg Electronics said, “Over the past year Klegg has worked to lay the groundwork to support the GENESIS launch through strategic alliances, technological acquisitions and marketing initiatives.” He added, “The Company is confident that their entrance into the $21 billion consumer electronics industry with the new moderately priced Klegg GENESIS line of products and the continued growth of Klegg’s original product line, estimated to increase in sales by 27% in 2006, will dramatically impact Klegg’s 2007 operating results and will produce long term sustained growth for the Company.”

About Klegg Electronics, Inc.

Klegg Electronics, Inc. (Pink Sheets:KLGE) is a manufacturer and distributor of high quality consumer electronics focused on designing a variety media and entertainment products that work seamlessly together for today’s automated smart homes. Kleggs’ product line includes ultra thin vibrant Flat Panel TVs, state-of-the art Media Servers, Home Theater Audio Systems and MP3 and portable media players. Klegg distributes its high-end home electronics through specialty stores and custom integration dealers nationwide. The Company plans to launch the KLEGG GENESIS line of moderately priced consumer electronics in the 1st Quarter of 2007. The corporation is headquartered in Las Vegas, NV. Learn more about Klegg Electronics at http://www.klegg.com

Statements contained in this press release, which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based largely on current expectations and are subject to a number of known and unknown risks, uncertainties and other factors beyond our control that could cause actual events and results to differ materially from these statements. These statements are not guarantees of future performance, and readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Klegg undertakes no obligation to update publicly any forward-looking statements. 

Klegg Investor Relations
Mike Jacobs, 888-465-5344 X750

Technorati Tags: