SLS International exceeds first-quarter projections

During the first two months of the year, Springfield-based SLS International Inc. has exceeded revenues of the first quarter last year, according to an unaudited review of the publicly traded company’s financials.
The company reports sales of $538,915 from Jan. 1 to Feb. 28, exceeding first-quarter 2004 revenues by 28 percent.
Company officials said sales growth is a result of strong sales from both new and existing product lines.
“While we are proud of the results so far, we believe that our recently completed private placement, along with our new state-of-the-art production facility will enable us to meet the growing demand generated by our increased marketing activities,” said John S. Gott, SLS International’s CEO, in a news release.

On the move
In December, the company announced it would occupy about 6,000 square feet
at the former Fasco plant in Ozark.
The company signed a 10-year lease with a $3.5 million purchase option on the new production facility.
According to the company, marketing campaigns have brought about endorsements by musicians Sting and Quincy Jones.

New faces
In a separate release, SLS announced five new hires selected to lead the company’s next phase of growth. SLS appointed Tom Tyson field engineering director, Harry Klane eastern regional sales manager, Joel Moak western regional sales manager, Garth Showalter customer service manager and Rick Davidson head of logistics.
The new executives have a collective 100 years of experience with companies such as Bose, Peavey and Nexo.
The company plans to file its 10-K with the Securities and Exchange Commission, for the period ended Dec. 31, on or about the third week of March.
SLS stock, traded over the counter as SITI, was $2.10 per share as of March 8.

SLS history
SLS International is a 30-year-old manufacturer and developer of new patent-pending ultra-high fidelity ribbon-driver loudspeakers, patented Evenstar digital amplifiers and sound systems for the commercial, home entertainment, professional and music markets.
SLS products were used in NBC/MSNBC studios during the 2002 and 2004 Olympics and in events at the Recording Academy’s Grammy Producers SoundTable.