Panamax Selected as Vendor Partner by HTSA Buying Group

PETALUMA, Calif. — Feb. 24, 2010 — Panamax today announced that it has been selected as a vendor partner by the Home Technology Specialists of America (HTSA) buying group. The partnership expands Panamax’s distribution network, while providing HTSA members with full access and exclusive pricing on its award-winning products, including a broad UPS product line and industry-leading IP control solutions.

With 59 dealer members, 97 storefronts, and 425 installers nationwide, HTSA represents an aggregate annual sales volume of more than $450 million. Only 52 vendors have access to this elite group of home theater specialists. With the addition of Panamax, HTSA brings its members special pricing on Panamax power management solutions, opportunities for demo programs, and special promotions.

“We chose Panamax as a vendor partner because they are a clear industry leader, offering award-winning products that provide our members with profitability and salability,” said Richard Glikes, executive director of HTSA. “In addition to their high quality, reliability, and high performance, Panamax’s power management products have the ability to enhance the bottom line for our members by offsetting low-profit sales, particularly when it comes to flat-panel displays.”

“We are proud that HTSA has chosen to add Panamax to its exclusive list of vendor partners and we’re confident this partnership will offer great opportunities for both the buying group and ourselves,” said Dave Keller, senior vice president of sales and marketing for Furman and Panamax. “Now both Furman and Panamax solutions are available for HTSA members, which means better pricing and access to technology that increases profit margins and ensures an optimal A/V experience for the end-user. Last year, when Furman joined HTSA, our HTSA sales with Furman dealers increased significantly. We are very excited to extend this opportunity to Panamax.”

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About Panamax:
Panamax has been an international leader in providing award-winning, innovative power management products for more than 35 years. Their power management products give audio/video systems the pure, noise-free power they need for superlative performance, providing longevity to the components connected while protecting them from damage caused by power surges and lightning. Panamax is available in all major electronic markets including home theater, professional audio and music, OEM, and office equipment. The company is based in Petaluma, Calif., and sells through an international dealer network, distributors, and in select retail outlets. More information is available at www.panamax.com.

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