Behringer Seeks Seat on Deswell's Company Board (DSWL: NASDAQ)

logo (PresseBox) (Manila, ) Uli Behringer, Chairman and CEO of MUSIC Group ( has notified Deswell Industries Inc. (DSWL: NASDAQ) of his intention to seek a seat on the Company's board.

As the holder of a significant portion of Deswell stock, Mr. Behringer has expressed concern about the Company's performance in recent months.

"As a substantial shareholder, I'd like to have more input in the strategic focus and direction of the Company. Accordingly, I request that the company appoints me to its Board of Directors. I am a long term holder of Deswell shares and I have the requisite experience and industry knowledge to advise the company as it seeks new avenues for growth and a return to profitability." Behringer stated.

Deswell, with its subsidiaries Kwanasia ( and Jetcrown ( , a manufacturer of consumer industrial products, including electronic products for the pro-audio market has shown a substantial decline in annual sales and profitability as well as a major turnover of key management in the recent period which raises strong concerns.

Behringer is requesting that the company calls a special meeting within the next 60 days to consider his appointment.


MUSIC Group Macao Commercial Offshore Limited (Philippines) ROHQ
105 H.V. Dela Costa Street, 11th Floor, Trafalgar Plaza
RP-Makati 1 Manila
Joe Sanborn
Senior Manager, Marketing Communications


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