SONANCE RECOGNIZED AS A 'FAST 50' TECHNOLOGY COMPANY BY DELOITTE & TOUCHE

Sonance has been named to Deloitte & Touche's prestigious Technology Fast 50 Program for Orange County (Calif.), a ranking of the 50 fastest growing technology companies.

Gaining recognition for achieving success in the consumer electronics and technology fields, Sonanceâ, the leader in architectural audio, has been named to Deloitte & Touche's prestigious Technology Fast 50 Program for Orange County (Calif.), a ranking of the 50 fastest growing technology companies in the area by Deloitte & Touche LLP, one of the nation's leading professional services firms. The Fast 50 rankings are based on the percentage of growth in fiscal year revenues over five years, from 1998 - 2002.


Credited with inventing the concept of in -wall speaker placement over 20 years ago, Sonance started its business on one product, but has grown over the years to now offer over 600 products for the custom installation and DYI markets. More than just a speaker company, Sonance manufactures a complete lineup of in -wall/in -ceiling speakers, amplifiers, distributed audio networks, keypad systems, and other audio control products. The company continues to offer innovative new products such as a hard drive based audio server, a "triple" tuner, "plasma" speakers today, while exploring new Ethernet -based systems and wireless technologies for the custom home market tomorrow.

"This award goes not to me, but to all the employees of Sonance who make the magic happen everyday. If it were not for their passion, their hard work, drive and dedication to be the best, we would not be where we are today," said Chip Brown, CEO of Sonance. "As we move towards the future, we stay committed to pushing the technology boundaries of our industry, and thinking of new ways to use them."

"The Deloitte & Touche Orange County Technology Fast 50 companies show the strength, vision and temerity to succeed despite a very challenging technology environment," said Fred Poska, partner of Deloitte & Touche's Orange County office. "We applaud the successes of Sonance and acknowledge their place as one of the very few to accomplish such a fast growth rate over the past five years."

To qualify for the technology Fast 50, companies must have had operating revenues of at least $50,000 in 1998 and $1,000,000 in 2002, must be public or private companies headquartered in North America, and be a "technology company" defined as owning proprietary technology that contributes to a significant portion of the company's operating revenues (using other companies' technology in a unique way does not qualify); and/or devoting a significant proportion of revenues to research and development of technology. This year's Orange County Technology Fast 50 program is co -presented by Deloitte & Touche, Comerica, Focus Creative, McDermott & Bull, Stardling Yocca Carlson & Rauth, T Sector, and in association with AeA, Promotions by Design, and Software Council of Southern California.

Winners of the 20 regional technology Fast 50 programs in the United States and Canada are automatically entered in the Deloitte & Touche Technology Fast 500 program, which ranks North America's top 500 fastest growing technology companies. For more information on the Deloitte & Touche Fast 50 or Fast 500 programs, visit www.fast500.com.

Company Information

Founded in 1984, Sonance of San Clemente, Calif., is a pioneer and leading developer and manufacturer of high -fidelity, whole -home architectural audio products, including in -wall and in -ceiling speakers, subwoofers, amplifiers, whole -house multi -source control systems, cables and other products for distributed audio and home theater applications.

The company is among the leaders in home audio sales, and offers four brands to serve all segments of the market. Through its Sonance brand, the company is a leader among designers and custom installers of home electronics systems, while it also manufactures products sold under the Architectural AudioÔ by Sonance brand for professional homebuilders and home contractors. At the retail level, HomeTechâ by Sonance, sold at Best Buy stores and online at www.hometechaudio.com, and HiFi WorksÔ by Sonance, found at Lowe's and online at www.hifiworks.com, can be found in -store or on -line.



Sonance credits its success to listening to their customers to provide solutions to their custom install needs and delivering superior value product. Further information can be obtained by contacting the company at 212 Avenida Fabricante, San Clemente, CA 92672 by calling 1 - 800 -582 -0771, or by visiting www.sonance.com.


Deloitte & Touche - One of the nation's leading professional services firms, Deloitte & Touche provides assurance and advisory, tax, and management consulting services through nearly 30,000 people in more than 80 U.S. cities. The firm is dedicated to helping its clients and its people excel. Known as an employer of choice for innovative human resources programs, Deloitte & Touche has been recognized as one of the "100 Best Companies to Work for in America" by Fortune magazine for six consecutive years. Deloitte & Touche refers to Deloitte Touche LLP and related entities. Deloitte & Touche is the US national practice of Deloitte Touche Tohmatsu. Deloitte Touche Tohmatsu is a Swiss Verein, and each of its national practices is a separate and independent legal entity. For more information, please visit Deloitte & Touche's Web site at www.deloitte.com/us.

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