EXHIBIT 99

            "SAFE HARBOR" STATEMENT UNDER PRIVATE SECURITIES LITIGATION
                                REFORM ACT OF 1995


     Forward-looking statements made by or on behalf of the Company represent 
the Company's reasonable judgement on the future and are subject to risks and 
uncertainties.  Actual results may differ materially from those projected in 
the forward-looking statements.  Such risks and uncertainties include, among 
others:

     DISCRETIONARY CONSUMER SPENDING; SEASONALITY.  Purchases of home 
entertainment and automotive audio products are discretionary for consumers. 
The success of the Company is influenced by a number of economic factors 
affecting disposable consumer income, such as employment levels, business 
conditions, interest rates and taxation rates.  Adverse changes in these 
economic factors, among others, may restrict consumer spending, thereby 
negatively affecting the Company's sales and profitability.

     The Company's business is highly seasonal due to consumer spending 
patterns which tend to result in significantly stronger home speaker sales in 
the period of October through March and automotive speaker sales in the 
period of April through October.  It is unlikely that this pattern will 
change significantly in the future.  Although the Company believes that the 
seasonality of its business is primarily the result of the timing of consumer 
demand for its products, fluctuations in operating results can also result 
from other factors affecting the Company and its competitors, including new 
product developments or introductions, availability of components for resale, 
competitive pricing pressures, changes in product mix and pricing and product 
reviews and other media coverage.  Due to the seasonality of its business, 
the Company's results for interim periods are not necessarily indicative of 
its results for the year.

     HIGHLY COMPETITIVE INDUSTRY.  The market for home and automotive speaker 
systems is served by many companies, both foreign and domestic, and is 
fragmented and highly competitive.  Some of these competitors have 
significantly greater financial, marketing, manufacturing and technological 
resources than the Company and may offer lower product prices on competing 
products.

     Competition in the design and manufacture of new and innovative speakers 
is intense.  There can be no assurance that the Company will be able to 
continue to compete successfully by introducing products or performance 
features on a timely basis or by adding new features to its products while 
limiting increases in prices.  Furthermore, in recent years many retailers of 
non-proprietary audio components have regularly lowered prices, and the 
Company expects these pricing pressures to continue.  These pricing pressures 
may adversely affect the Company's operating results.



     DEPENDENCE ON KEY PERSONNEL.  The Company's success depends to a large 
extent upon the efforts and abilities of its co-founders, Francis L. Reed, 
Director, Chief Executive Officer and Treasurer, and Andrew G. Kotsatos, 
President and Assistant Clerk.  The loss of either of these key managers 
could have a material adverse effect on the Company.  The Company does not 
have key man insurance policies on the lives of Messrs. Reed and Kotsatos.  
In addition, the Company is dependent in part on its ability to hire and 
retain qualified managerial personnel.  Although the Company to date has been 
able to hire and retain such personnel, there can be no assurance that the 
Company will be successful in recruiting and retaining such personnel in the 
future.  There are no employment agreements between the Company and any of 
its key employees.

     MANAGEMENT OF ACQUISITION OF SNELL ACOUSTICS.  The Company has agreed in 
principle to purchase the business of Snell Acoustics, Inc., a manufacturer 
of home entertainment loudspeaker systems.  The business of Snell Acoustics 
has recently been operating at a loss.  There can be no assurance that the 
Company will be able to manage the business of Snell Acoustics profitably or 
that its operation of the business of Snell Acoustics will not have a 
detrimental effect on the consolidated operations of the Company.

     CONTROL BY MANAGEMENT STOCKHOLDERS.  The Company's officers, directors 
and related persons own, of record and beneficially, 49.2% of the outstanding 
shares of the Common Stock (not including shares issuable upon exercise of 
outstanding options).  As a result, such persons, if they act in concert, may 
have the ability to control the Company and direct its affairs and business 
and to determine the outcome of corporate actions requiring stockholder 
approval.  This control by existing stockholders may have the effect of 
delaying or preventing a change in control of the Company and could result in 
the denial to minority stockholders of a premium price for their stock in a 
change in control.