Rio Sets the Stage for an Exciting Summer
Rio Hires New VP of Product Marketing and wins 2004 World Class Award from PC World
SANTA CLARA, Calif., July 12, 2004 - Rio is pleased to announced its appointment of Daniel Torres to the position of Vice President of Product Marketing. Mr. Torres comes to Rio with more than 20 years of experience in high-tech with an extensive background in strategy, management, business development and product marketing. Of his 20 plus years of experience, 15 years were specifically dedicated to product marketing where he successfully delivered a variety of products ranging from enterprise servers to consumer electronic devices such as digital cameras. Most recently Mr. Torres was the Director of Business Development and Product Planning and Strategy for palmOne. Torres has also worked with top consumer electronic and communication companies including AT&T, FlashPoint Technology and Apple Computer.
“I am excited to join a company that is the pioneer of the MP3 market, said Mr. Torres. We have a lot of new and innovative products planned for 2004, which I am thrilled to be part of.”
Mr. Torres will join Rio's management team to assist in maintaining and furthering Rio's brand awareness and market presence, where it currently has the number one market share for flash players¹.
Rio is also pleased to announce that its Rio Karma was honored by PC World with a 2004 World Class Award for best Digital Audio Player. The World Class Award winners were announced in the July 2004 issue of PC World. The Rio Karma debuted in August 2003 and is one of the top selling hard disk MP3 players on the market. Armed with 20GB² of hard disk storage, the pocketable Rio Karma can hold more than 5,000 songs³ with long lasting playing power due to its built-in LiON battery with up to 15 hours of playback per charge. The Karma's unique ergonomic design allows it to be comfortably used in either right or left hand, and comes equipped with a docking station for music downloads and battery charging.
The ultimate buyers guide, World Class Awards set the standard for excellence in the high-tech industry, stated Harry McCracken, editor in chief of PC World. From performance PCs to spam filters to GPS navigation devices and video instant messaging services, the editors reward the finest products and most outstanding performers in this annual award program. Congratulations to the Rio Karma.
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About Rio
Rio, a D&M Holdings company, pioneered portable digital audio technology in 1998, with the launch of the Rio 300. Since then, Rio has become a leading brand of portable MP3 players by developing a host of award-winning portables that let music lovers take their music with them wherever they go. For more information regarding Rio, or to purchase a Rio digital audio player, please visit www.rioaudio.com.
About D&M Holdings Inc.
D&M Holdings Inc. (TSE II: 6735) is based in Tokyo and is the parent company of wholly owned subsidiaries Denon Ltd., Marantz Japan, Inc. and McIntosh Laboratory, Inc. Denon, Marantz and McIntosh are global industry leaders in the specialist home theater, audio/video consumer electronics and professional audio markets, with a strong and long-standing heritage of manufacturing and marketing high-performance audio and video components. A wholly owned subsidiary of D&M Holdings U.S., Inc., Digital Networks North America, Inc. (DNNA), owns the ReplayTV®, Rio® and Escient brands-all representing award-winning technologies in digital home entertainment. Additional information is available at www.dm-holdings.com.
FOR MORE INFORMATION:
Media Contact:
Colleen Henley
Porter Novelli for Rio Audio
(408) 988-2100
colleen.henley@porternovelli.com
1 According to 2004 retail sales data for flash memory digital audio players
2 1GB equals one billion bytes
3 5,000 song capacity based on 128kbps MP3
Rio is a registered trademark of Digital Networks North America, Inc. All other products and brand names as they appear in this release are trademarks of their respective holders
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