News

This past week, The Academy Advancing High Performance Audio & Video (AAHPAV) released its 1998 Golden Note Awards Nominations.

Returned products are problematic for consumers, retailers, and manufacturers. Returns have always eaten into profits in the audio and video business. Everybody knows that. What isn't widely known is that the Consumer Electronics Manufacturers Association sponsors an annual conference to help deal with the problem.

Hundreds of manufacturers will be demonstrating state-of-the-art audio products at HI-FI '98---some of which have never before been seen by the public.

Author and television producer Howard J. Blumenthal has completed his Jazz and World Music CD Listener's Guides, the first two volumes in a four-volume series. The publications include brief biographies of the top artists in each genre, arranged alphabetically, and hundreds of short reviews of the discs the author considers essential.

On May 5, Global Engineering Documents (Global) signed an exclusive worldwide agreement with the Audio Engineering Society (AES) to reproduce, market, distribute, and sell AES industry standards worldwide.

On Tuesday, May 5, beleaguered Carver announced that it had received a financial transfusion of almost $400,000 and that it would make a move into direct marketing in an attempt to bolster flagging sales. The Woodinville, Washingon-based company announced in a press release that it "had closed a sale of 3,000,000 shares of restricted Common Stock of the Company to one of its preferred shareholders, Renwick Special Situations Fund, L.P., for $375,000, or $0.125 per share."

On May 1, Niles Audio Corporation, Inc., manufacturer of audio/video custom installation components, announced that it had "successfully defended its indoor/outdoor speaker line against would-be imitators."