Panamax Inks Distribution Agreement with Lenbrook Canada

Canadian Distributor To Bring Panamax Power Protection Solutions To the CE Channel, Effective Immediately

PETALUMA, CA - December 16, 2003 - Panamax, the leading manufacturer of power protection and conditioning products, announced today that Lenbrook Canada will distribute its power conditioning products to the Canadian consumer electronics channel.

Bruce Fudger, Canadian Accounts Manager for Panamax stated: "Lenbrook has a long -standing reputation in distribution channel management, which we are certain will enhance our growth and overall Canadian presence."

John Maloney, VP Sales for Panamax commented: "We are very pleased to team up with them to deliver our power protection and conditioning solutions to a more diversified customer base such as independent retailers, electronic custom integrators, and major consumer electronics retailers."

In a growth effort and to better serve the Canadian market, Panamax partners with Lenbrook Canada to deliver in conjunction with its already established Canadian sales office, greater dealer support, distribution channel management and brand development through Lenbrook's consistent marketing programs and business development activities. Lenbrook A/V Canada group markets a full range of high -end equipment for serious audio and video enthusiasts including the latest in digital media players, home theatre components, electronic lifestyle systems, and custom audio/video installation technologies. This is a tremendous suite of renowned brands from all over the world. Marketed together, these products provide Canadian A/V retailers with a superb money making opportunity to represent high quality global brands that are backed by profitable and dependable Lenbrook programs - a perfect match for the distribution of Panamax's products.

"The Canadian CE channel is continually evolving and steadily growing," said Brent Nykoliation, director of sales for the Lenbrook custom audio video division. "Our goal is to provide our customers with a complete package solution to their custom installation needs via a particular mix of products that offer excellence in quality and great value to the consumer. As Canada's 'one -stop' shop for the world's finest specialty, lifestyle, and custom installation brands, we are pleased to add the Panamax products to the mix to enhance the performance of the systems our dealers design and install."

About Lenbrook Canada

Lenbrook Canada is one of that country's leading independent specialty electronics import and marketing organizations. Lenbrook acts as the Canadian "marketing arm" for some of the world's finest manufacturers. It gives the manufacturer complete market service at a fraction of the cost of opening their own subsidiary. It brings immediate and highly visible market presence to these manufacturers and their product. Since its inception in 1978, Lenbrook Canada has earned a reputation through leading edge marketing programs and superior service. The company has developed successful, long -term "partnerships" with its dealers. Lenbrook Canada is headquartered in Pickering, Ontario. The regional sales offices in Montreal and Vancouver address the geographical and cultural diversities of this challenging market.

About The Lenbrook Group

The Lenbrook Group of Companies is a privately owned Canadian corporation headquartered in Pickering, Ontario. Formed in 1978, it started as a national distributor of electronic components, audio and two -way radio products. Since then, the company diversified further, launched a vertical integration strategy and increased its core competencies. Now a mid -sized company, Lenbrook delivers a sustained sales revenue growth and a growing portfolio of assets, a result of the company's successful and increasing involvement in technology and specialty brand development activities.

For additional information on Lenbrook Canada and The Lenbrook Group, please visit

Panamax - The Industry's Leader in Innovation and Technology

Panamax has been the premier power -conditioning manufacturer in the consumer electronics industry for over 25 years. Panamax has a staff of 5 full -time research & development specialists, and has introduced many technological innovations to the power -conditioning product arena. Dr. Richard L. Cohen, Vice President for New Technology, participates in the UL advisory group that sets standards for surge protectors, and is leading an IEEE surge protection working group to write a guide for lightning protection for residential electronics. Partly because of these relationships, Panamax products already meet new UL surge protector requirements that will go into effect in November 2003. Panamax also has a high -power test laboratory that is certified by CSA to perform agency testing, and has drawn on an unparalleled understanding of surge protection to create the finest power -conditioning products available in the market today.

About Panamax

For over 25 years, Panamax has specialized in producing the most innovative power -conditioning products available to protect home and small business electronics equipment from damage caused by power surges and lightning. The company's extensive line of award -winning power conditioners is designed to safeguard a wide array of electrical equipment including computers, telephone systems, copiers, domestic appliances, home theater and direct broadcast satellite systems. Panamax is ISO 9001 certified and markets its line of power conditioners throughout the U.S., Canada, Latin America and the Pacific Rim. The company has earned numerous industry awards, and is backed by outstanding customer service and the best warranties the industry has to offer.

For additional information on Panamax and its products, please visit or call (800) 472 -5555.

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