PxPixel
D&M Holdings Reports 2006 Earnings, Unveils Contest - ResidentialSystems.com

D&M Holdings Reports 2006 Earnings, Unveils Contest

In addition to reporting record revenue and profits for last year, the company has also launched a Web-based home theater contest.
Author:
Publish date:

Mahwah, NJ--D&M Holdings Inc. has filed with the Tokyo Stock Exchange results for the 2006 fiscal year ended March 31, 2007 and its financial forecast for the 2007 fiscal year ending March 31, 2008. The company reported record revenue and profits in FY2006, and forecast double-digit earnings growth in FY2007.

The companys consolidated revenue for the fiscal year ended March 31, 2007 totaled a record $855 million, a 12-percent increase over FY2005 results. The company reported an operating profit of $49 million for the fiscal year ended March 31, 2007.

Operating profit was 60-percent higher than the year-ago period. Net income for the fiscal year ended March 31, 2007 was $25 million, an increase of 22-percent over the prior fiscal year.

We are very pleased with our record performance in 2006, said Eric C. Evans, chairman and co-CEO of D&M Holdings. The companys earnings power is growing. Our brands are delivering innovative and high-quality CE products and are benefiting from our companys world-class selling platforms.

The company has also launched a Web-based contest for Boston Acoustics and Denon Electronics in which consumers will be able to share homemade videos and photo essays for a chance to win a Home Theater Makeover featuring electronics gear, furniture, and installation worth more than $17,000. The Makeshifters contest includes the participation of both consumer electronics giant Circuit City and furniture company La-Z-Boy.

Consumers will be able to enter the contest via a specially created web site, www.makeshifters.com, where theyll be able to post homemade videos and photo essays that tell personal home theater horror stories about their makeshift home entertainment systems. Such makeshift systems might include a mix-and-match of outdated components (for example: a 13-inch CRT television hooked up to your grandfathers 1960s-era stereo system, with PA speakers left over from your high-school garage band days).

In addition to being able to share their home videos and photos at the makeshifters.com web site, visitors will also be able to utilize Web 2.0 social networking features to interact by tagging, rating and reviewing entries, as well as virally spreading them, linking them to other sites and embedding them in emails or blogs. Entrants with the highest rated videos will be rewarded with a variety of prizes. The grand prize winner will receive a total Home Theater Makeover that will include a high-performance flat-screen TV from Circuit City, premium electronic components from Denon and a complete Boston Acoustics surround-sound speaker package. Circuit City will provide the Grand Prize winner with a variety of DVD movies and music CDs, and send its professional FiredogSM technicians to install the system in the winners home. The First Runner Up prize in the video contest will feature a La-Z-Boy recliner and a $500 Circuit City shopping spree; and four third-prize winners will each receive selected home entertainment components from Denon and Boston Acoustics. (The total value of all prizes is over $25,000.)

Noted Mike Angiletta, VP, strategic marketing, D&M Holdings, North America. With the Makeshifters campaign, were getting consumers involved in a fun interactive contest that lets them express themselves and share their stories while learning about how Boston Acoustics and Denon products can help enhance their lives. The goal of the campaign is to highlight the visibility of both the Denon and Boston Acoustics brands, reach out to new, particularly younger audiences, and educate consumers about our premium quality home entertainment solutions. By utilizing an exciting and fun new Internet medium, were also hoping to help eliminate some of the intimidation people might feel about home theater in general.

Rewards will also be available through monthly Quiz Prizes, as well as Everybody is a Winner Circuit City $10 Gift Cards for all entrants. For more information about contest rules and available prizes, please visit www.makeshifters.com.

For more information, visit www.dm-holdings.com.

Related