Audio Research voluntarily agreed to assign its assets to a receiver, Lighthouse
Management Group, Inc, on April 4th. We want you to understand what that means and
how it affects our daily operations.
Audio Research has been operating since the assignment was filed almost four weeks
ago, ten days before the AXPONA show where our VP of Sales (Allan Haggar) worked
with our dealer Quintessence Audio, which featured a statement system including Ref 10,
Ref Phono10, and Ref 160M MkII amps.
Little has changed outwardly. Audio Research remains staffed with Greg and Evan
answering questions and assisting owners via email and on the phone; the service
department continues repairing products; production is building new products and
performing updates; our parts inventory has been good and we continue to receive parts
shipments; our sales department continues to accept product orders, and our shipping
department continues shipping parts and product orders along with completed service
units.
Dave Gordon gave our Philippine distributor a tour of the facilities on April 26, where he
and his wife were able to meet everyone, see everything going on, and listen to music in
the sound room. The tour had been scheduled in March and did not need to be
cancelled or postponed.
Trent Suggs was relieved of control of Audio Research and we have been working with
individuals to purchase the company: we expect to have a new owner very soon. There
will be continuity as production, engineering, purchasing, service, and critical personnel
will remain working for Audio Research. Including Warren Gehl.
We just turned 53 in April and we look forward to continuing to provide the finest high
performance audio products, service and support to our loyal customers, dealers and distributors.
