Audioprof Group International is delighted to announce that it has acquired a
majority share in Community Professional Loudspeakers, a USA-based loudspeaker
manufacturer with global sales activities.

Community is a market leader with a strong track record in large and medium sized
fixed install audio applications. It was founded in 1968 by Bruce Howze and became
an innovator in the audio industry through revolutionary products like the world’s
first dedicated midrange compression driver, the M4, and the first lightweight
fiberglass horns. Community designs and manufactures high-performance indoor
and outdoor loudspeakers that provide reliable, long-term service, often for
applications in extreme and challenging environments. Its products can be found in
the world’s leading sports venues, auditoria, theme parks, worship facilities and
convention centres, with recent installations including Commonwealth Stadium in
Canada, Arena Lublin in Poland, St. Paul Union Depot in Minnesota, USA and World
Cup venues in Brazil.

Audioprof Group International is the holding company established to develop and
build strong audio companies with a focus on specific niches in the audio industry. It
currently owns a majority stake in Apart Audio, founded by Tom Gheysens in 1992,
a fast-growing European loudspeaker and electronics manufacturer with a strong
focus on small and medium commercial fixed install applications (foodservice and
hospitality, retail, outdoor, sports and leisure, education, religion and corporate).

“We are very happy that we can offer our worldwide customers a complete range
from indoor to outdoor and from small to large fixed Install Audio solutions with two
very strong brands: Community and Apart Audio. Both companies will be developed
as standalone entities under the same umbrella respecting their market focus,
customer base, culture and heritage. They will enjoy “best practice sharing’ from
both sides. With a strong base in Europe and the USA we will strengthen our
worldwide position in Installed Sound. We are very pleased that Bruce Howze stays
on board as an important shareholder, President and R&D Director and that
Christine Howze will continue to help us grow the business. Leadership positions at
Community will remain the same with Steve Johnson as CEO,’ said Hans Swinnen,
Chairman of Audioprof Group International.

“It has been a wonderful and enjoyable journey since the company’s beginning and
I’m very glad to have found a shareholder and partner with the same
entrepreneurial background and spirit that drives Community,’ said Bruce Howze,
founder of Community. “The relationship with Audioprof ensures continuity of the
Community brand for our employees and customers, and I’m confident that we are
positioning the company with the right partner for continued growth in the future.’