EAW Appoints New CFO; Launches Lease Program

Mackie Designs Inc. announced the appointment of Tim O'Neil as Chief Financial Officer. O'Neil brings nearly 20 years of financial management experience to Mackie. He most recently served as CFO of Redmond, Washington-based Trendwest Resorts, where he was a key member of the entrepreneurial executive group responsible for a 30% 5-year compound annual growth rate of revenue and net income. From 1988 to 1998, O'Neil worked for Bank One Corporation headquartered in Detroit, Michigan. There he served as Vice President of Corporate Banking and later, Director of Loan Syndications, Bank One Capital Markets. O'Neil also served as Operations Manager at Centra, Inc. from 1984 to 1987.

In separate news, Mackie announced a new leasing program that will make it easier for rental and staging professionals to own a high-performance EAW touring system. Beginning immediately, The EAW Touring System Payment (TSP(tm)) program gives extended payment terms and 12 months of 0% interest to qualified customers looking to purchases more than $25,000 worth of EAW products. "A sizeable part of EAW's business is with touring and rental companies that purchase large systems," stated Paul Carelli, EAW Touring Systems Market Manager. "We understand that it takes some time for these companies to realize a return on their investment. Having the gear out there generating the revenue to make the payments is a tremendous advantage, especially for the regional production companies. The new TSP program significantly increases their buying power."