D&M Holdings Divests ReplayTV(R)

D&M Holdings Divests ReplayTV(R)

TOKYO, Dec. 13 /PRNewswire/ -- D&M Holdings Inc. (TSE 1:6735) announced today it has sold most of the assets of its ReplayTV(R) brand company to DIRECTV Group, Inc., the leading satellite television provider in the U.S. ReplayTV(R) produces digital video recorders for the consumer market and enjoys a significant following due to its premium service and advanced technology. The terms of the agreement were not released.

"Although we valued this asset and the business was profitable, the sale of ReplayTV(R) to DIRECTV makes the most sense for this business, its employees and us," said Chairman and CEO, Eric C. Evans. "We believe this transaction is a positive development for ReplayTV(R) and this sale allows D&M to further direct our focus on building our brands and executing our growth and acquisition strategies."

D&M Holdings will remain the operator of the existing service contracts for current subscribers for the foreseeable future while DIRECTV will assume most of the other assets of the brand company.

About D&M Holdings Inc.

D&M Holdings Inc. is a global operating company providing worldwide management and distribution platforms for premium consumer, automotive, commercial and professional audio and video businesses including Denon(R), Marantz(R), McIntosh(R) Laboratory, Boston Acoustics(R), Snell Acoustics, Escient(R), Calrec Audio, Denon DJ, D&M Professional and D&M Premium Sound Solutions. Our technologies improve the quality of any audio and visual experience. All product and brand names with a trademark symbol are trademarks or registered trademarks of D&M Holdings, Inc. or its subsidiaries. For more information visit http://www.dm-holdings.com/.

Forward Looking Statement

Statements in this news release regarding D&M Holdings, Inc. that are not statements of historical fact may include forward looking statements regarding future events or the future financial performance of the company. We wish to caution you that such statements are just predictions and that actual events or results may differ materially. Forward looking statements involve a number of risks and uncertainties surrounding the integration of the company's acquisitions, competitive and industry conditions, targeted cost savings programs, market acceptance for the company's products, technological changes, developing industry standards and other factors related to the company's businesses.

First Call Analyst:
FCMN Contact:

Source: D&M Holdings Inc.

CONTACT: Japan, Naoyuki Honmura, 81.44.670.1111, or Europe & US, Gail L.
Petersen, +1-201-762-6635, both of D&M Holdings Inc.

Web site:

http://www.dm-holdings.com/

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