Corporation identity - index -

presentation p.05 company profile p.06 our brands p.10 fairs & banks p.14 location p.16 photovoltaic system p.18 museum p.20

EKO Music Group is part part is Group Music EKO of a big Holding named named Holding big a of PIGINI GROUP. PIGINI EKO was established in in established was EKO 1959 as a guitar manu guitar a as 1959 facturer. - The PIGINI GROUP iscomposed by 9companies: Eko Music Group today isowned by four partners: Eko, Esound, Eko Pro, Quik Lok, Opera and Montarbo: the “EkoMusicGroup”! Today EKOcan proudly consider itself the first distribution reality in Italy with EKO confiding in its loyalty, professionality, and structure. onwards every year important brands decide to shifttheir distribution to In 1988 EKOalso decided to enter inthe distribution field and from then guitars. all important Italian musicians have at least one or more EKO hand-made Today EKOsells its variety of products inItaly and allover the world. Almost in Italy, where it produces about 100 high quality guitars per year. these two countries. EKO kept its “R&D”offices and asmall “custom shop” and inthe Czech Republic. Today allEko guitars and amplifiers come from chases inforeign countries. EKO established some joint-ventures inChina EKO decided to interrupt its main production inItaly and to transfer its pur From 1959 to 1985 EKOwas the biggest guitar factory inEurope. In1985, Total turnover of the Pigini Group: Eu. 106.000.000 (USD 135.000.000) • AIRONE: advertising and marketing company for the group. • TEKNOCOLOR: it’s acompany that producing colours and slides for • CONERO GRAFICHE: Anhistorical printing company inour area just • GRAFICHE FLAMINIA: the most important printing company inUmbria. • ROTOPRESS INTERNATIONAL: one of the most important roto-printing • TECNOSTAMPA: the most important printing factory inthe Middle and • E.L.I.: (European Language Institute) one of the most important pub- • Elettronica MONTARBO Srl:the new entry inthe Music Group isleader in • EKO MUSIC GROUP S.p.a.: (Eko, Esound, Eko Pro, QuikLok, Opera, Total turnover 1.000.000 Euro Total turnover 1.000.000 Euro Tecnostampa. Total turnover 2.000.000Euro bought by our Group few months ago. Total turnover 11.000.000 Euro Total turnover 22.000.000Euro factory inItaly. Total turnover 17.000.000 Euro South Italy. Total turnover 12.000.000 Euro English and other languages. lishing company inthe world for educational magazines for learning Total turnover 10.000.000 Euro (USD 14.000.000) PA production since 1962. Its market isworldwide. Total turnover 30.000.000Euro (USD 43.500.000) sells allour Eko branded guitars and amps inItaly and world-wide. International who isthe “department” which develops, produces and Montarbo) MI production and distribution. E.M.G. also includes EKO - Giuseppe Casali (Adviser of the B.o.D.). - Umberto Tonnarelli (Sales Director and Adviser of the B.o.D.) - Stelvio Lorenzetti (CEO and Adviser of the B. o. D.), - Lamberto Pigini (President of the Board of Directors),

Presentation - 5 www.ekomusicgroup.com 6 www.ekomusicgroup.com Eko Music Group Music Eko business unit (without (without unit business Elettronica Montarbo): Elettronica Company profiCompany le -8warehouse keepers -1warehouse chief Warehouse -1I.T. Manager &Budget &Statistics -6Invoicing dept. -3General Accounting -1Purchasing dept. -2Account Receivable -1Account Payable -1Accounting Manager -1CFO Finance /Accounting &I.T. dept. -2for Quik Lok -2for Eko guitars R &Ddept. 18 - reps inthe MI market working exclusively for E.M.G., 12 reps inthe -5Promoters and Product Specialists (two internally, one inParma, one -2Import dept. -5Marketing &Communication &Web -2Receptionists -2Export Assistants -2Export Managers -3Phone Sellers -6Product Managers -1Vice Director of Sales -1Director of Sales Sales dept. -1CEO work with. month (and some time even two or three times) all our major dealers we Studio or an Hi-Fi or an Installation specialist and can visit at least once a including Sicily and Sardinia. Every rep isamusician and/or aP.A. or a market, 3reps inthe Commercial Audio. By our reps we cover allItaly, consumercompletelythededicatedreps to of network a market,Hi-Fi in Milano, one inCesena) - Total employees 76 people -

And more: And Elettronica Montarbo Elettronica business unit: business Company ProfiCompany le we are already operating with dedicated reps. We have a Division completely dedicated to the Consumer market inwhich covering the entire Italian territory. market. We have aProduct Manager in charge of this market and 3reps We just opened anew Department fully dedicated to the Commercial Audio dealers (700) completely dedicated to the and hi-fi TV market. For our Quik Lok and Opera very important also inthe P.A. and Commercial Audio market. Due to acquisition of the Montarbo Company mercial audio and with allthe big consumer chains. which inavery friendly basis) inthe MI market, 1000 dealers inthe com- EKO Music Group and Montarbo work with approx 1500 dealers (700 of -14 factory workers -1chief workman Production &Warehouse -1I.T. Manager -1Purchasing dept. -1Account Receivable -1Account Payable -1Accounting Manager -1CFO Finance /Accounting &I.T. dept. -8Engineers R &Ddept. -11 reps inthe MI Italian market and 7reps inthe Commercial Audio inIt- -1Import dept. -4Marketing &Communication -1Receptionist -1Budget &Statistics -1Export Assistant -2Export Managers -1Product Manager -1Vice Director of Sales -1Director of Sales Sales dept. -1CEO -1President distributors in 20 countries. Totally we sell to 50 countries inthe world we have 3reps for each France, Germany and Spain and 20 authorized if necessary. They allhave great experience inthe audio fi eld. Abroad posed to visit allour main dealers at least once amonth or even more aly. They cover allItaly including Sicily and Sardinia. Allour reps aresup- - Total employees 53 people - products we have anetwork of reps (12) and , our Group now has become 9 www.ekomusicgroup.com 10 www.ekomusicgroup.com -SAMICK pianos -REISMANN pianos Bejing Pianos -B.STEINER pianos Samick -SEILER pianos EKO Pianos: -YUWIN cymbals -WESTSTAR drummers’ -SONOR drums -ROLL sticks drum drums -PLANET -ISTANBUL cymbals &darbukas -AQUARIAN drumheads EKO Percussions &Accessories: -WARWICK basses, amps. and strings -ROCKTRON amps. &effects -PRS guitars &s. -MARSHALL amps. -G7th capos for guitars -GHS strings -FISHMAN pick-ups -C.F. MARTIN guitars and strings EKO Combo: -TOMBO harmonicas -SAVAREZ strings -ROCKBAG musical instruments bags -NS DESIGN electric stringed -MILLER wind instruments -MAVIS bow instruments harmonicas -LEE OSKAR -JIM DUNLOP guitar accessories classic -ESTEVE spanish guitars -EKO guitars, basses and amps. -CLEARSONIC isolation booths -CERVENYwind instruments -AQUILA strings -AMATI wind instruments EKO Classic: KOREA CHINA KOREA GERMANY accessories for guitars and basses instruments Distributed brands Our Brands - -VOX guitars and amps. -STUDIO LOGIC keyboards and synths -SONY professional pro audio -PARKER guitars -NATAL drums guitars -LAG -KORG keyboards, synths and tuners -ICON pro audio -FRAMUS guitars and amps. -EDEN bass amps. -BRIAN MAY guitars -AGUILAR bass/guitar amps. ESOUND &More: -TONIUM -SONYVOX softwares and looplines -SICMATS -SANYO -ROAD READY flying cases -ORTOFON cartridges -NUMARKD.J. equipment . -KOCH guitar amps. -E.NERGY microphones and -ALTO professional audio -ALESIS recording and mixers recording -AKAI and djequipment ESOUND XOTIC -RAW -EWS VINTAGE effect pedals basses and accessories P.A. cabinets Distributed brands -F -PALCO PLUS array systems -MONTARBO MADE IN ITALY P.A. systems ------MONTARBO Commercial CA Audio QUIK LOK stands &professional cables QUIKLOK OPERA stands TV VOVOX hi-end cables INTELLISTAGE stage systems UNIVERSAL AUDIO hardware and soft- STUDIO PROJECTS mics METRIC HALO hardware and software hardware and mics pro-audio JOEMEEK FOCAL audio monitor E-MU computer music equipment ware professional audio professional audio IVE 0 P.A. systems Distributed brands Distributed brands Distributed brands and preamps

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• We have avery powerful and professional system IT • Every Division has its own “history” and organization with its own DM • For each Division have different we Division Managers and each one of • We follow up on technical assistance through our Technical Centre • We have aninternal recording studio (150 square meters) profession • Our website allows our dealers to make orders on-line; this enables External: Internal: • We have 5Product Specialists (2internal plus 3external). • We have atoll free number for after sales service. • We have a“Phone Sellers” dept. who can reach ALL Italian dealers by • We have our official internet magazine that we send every month two • We advertise allour products and spend about 5%of the turn-over of • Our reps inthe MI market work on anexclusive basis for E.M.G.. Inthe computerized all sales and accounting inreal time. Our warehouse iscompletely & Web and Logistic &Warehouse. and but PS they share the Accounting, the Marketing Communication them isincharge of approx 5million Euro of sales. the entire Italian territory by its 20 sub-centres located inallItaly. SERVICE”inLoreto“MASTER (5kmfrom our warehouse) who covers promotions, used inweb and inCD/DVD supports. ally equipped inwhich we produce video and audio for tutorials and products and the products that we distribute thru our “EKO e-Point”. distribute. Our web site also allows the final users to buy on-line allour customers can watch allthe videos we publish on the products we to process orders quickly. Moreover, there TV isaweb phone, even the smallest. with more than 50.000 contacts allconnected to the products we sell. or three times to allour dealers and final users. We have amailing list cation ment on it inany case. We have avery strong Marketing &Communi - when anew brand needs to be introduced we normally do advertise the sales arefor abrand the more we spend inadvertising. Naturally, each brand (inpages, shows, clinics, demos, web, etc.). The higher reps to work also with other lines but not incompetition with us. other markets (Hi-Fi, Commercial audio and Consumer) we allow our 24 hours max. by “handheld PC”also inreal time. We normally shipallthe orders in net inreal time to our warehouse keepers who prepare allthe orders equipped by our IT system and they transfer their orders to us by inter by bar-codes - one inCesena for Keyboards and Digital Pianos. - one inMilano for Drums &Percussions (we have inMilano also a - one inParma for DJ audio and electronic products (we have in - one for keyboard and tuners - one for guitars and amps and related accessories very important Show Room for these products); Parma also avery important ShowRoom for these products); dept. . Allour reps areworking inalltheir daily visits with PC and allthe products stocked arelabelled Our Brands who can control , inwhich our and traceable - - - 13

www.ekomusicgroup.com 14 www.ekomusicgroup.com we work with are: with work we The major Banks Banks major The during the year: the during important Fairs Fairs important We attend the most most the attend We Fairs Unicredit Banca Istituto S. Paolo diTorino UBI Banca Banca delle Marche Cassa diRisparmio diLoreto catalogues and owner manuals areimportant like advertising pages. using our associated Tecnostampa. We do that for allour products. For us through our Endorsers and Professionists. We then print them here inItaly We translate allour brands’ catalogues as well as owner manuals inItalian many years. artists, and services due to the fact that we have been endorsing them for have We have We We give alot of importance to the display cians and artists to play our instruments. For each show have we MAJOR • IFA -BERLIN • SHANGHAI -CHINA • MUSIK MESSE-FRANKFURT • NAMMSHOW -LOS ANGELES • MIS -BOLOGNA & avery strong relationship with the most important music groups, avery strong relationship with the Italian network TV Banks big demo room demo abig inwhich we invite famous musi- of our of brands b Italian an . K s...

16 www.ekomusicgroup.com Our head-quarter ... head-quarter Our Location CEO Lorenzetti Stelvio Best regards, soon. you Remaining at your complete disposal and looking forward to hearing from nally areand we willbe honoured to have you as our favourite guests. If you willcome to visit us, we willbe very glad to show you who we perso- ground). (2.500 sq. mt. offices, 9.000 sq. mt. warehouse, 24.000 sq. mt. out side Our “Eko Music Group” head-quarter own plant issituated inRecanati

photovoltaic Eko Music Group invests in an important photovoltaic plant thus contributing to the environmental preservation system of its area. This allows to save electric power but it also enables to gain profi t from the surplus of energy gener- ated which is then sold to the Electricity Administrator. 20 www.ekomusicgroup.com “Oliviero Pigini” the

m guitar http://www.fetishguitars.com/index/eko.html http://www.ekomusicgroup.com/museum useum Oliviero Pigini. inaugurated the Guitar Museum dedicated to the Municipality of Recanati, Eko Music Group performances. In2004, incollaboration with past and arestill doing so due to the guitars’ musicians have played on EKOguitars inthe discovered music, and many professional price ratio, entire generations of young have original style. Due to the excellent quality/ most beautiful guitars inthe world” for their are still considered by many amongst “the known and appreciated allover the world, guitar producer inEurope. Eko guitars, well within afew years, became the biggest In 1959 , Oliviero Pigini founded EKO which, www.ekomusicgroup.com