Thursday, August 16, 2007

AVI and SPL to Merge?

Audio Visual Innovations, Inc. (AVI) and SPL Integrated Solutions (SPL) announce their intent to explore combining their respective businesses into a new entity.

The potential new company will serve to meet the current and future requirements national and international organizations demand for delivery and service of collaborative communication technology. The new company will offer to its vast customer base all elements of audio video products and services including e-commerce/telesales, systems design integration and installation, managed service, repair and maintenance, contractual rental services and equipment, staging/production and event management capabilities. Market focuses for the new company will be corporate, education, healthcare, hospitality, performance venue and house of worship.

The combined organization will have the greatest breadth of resources, a veteran and stable management team, the most experienced and qualified workforce in the audio visual industry and unequaled financial strength.

According to Martin Schaffel, Managing Chairman of AVI, “the bringing together of these two great companies will provide dynamic opportunities for the growth and development of our valued employees and will provide the spectrum of products and services necessary for specific industries and the Fortune 500.”

Chad Gillenwater, SPL’s President and CEO adds, “I am in full agreement with Marty’s vision in terms of the benefits to our employees and customers. This could be the window into the future for our industry and we are excited about the opportunity.”