Loewe off to a good start in 2010
EBIT of EUR 13.5 million in 2009
Sales of EUR 324 million in 2009
Dividend of EUR 0.25 per share proposed
Higher sales and EBIT in the first quarter of 2010 than in the previous year
Moderate sales growth expected for 2010 as a whole
Product offensive in the premium market
Kronach/Munich. – "Loewe bucked the industry trend in 2009 by generating profitable EBIT of EUR 13.5 million. We came through the turbulences of the global financial crisis in the premium market very well," was how Frieder C. Löhrer, Chief Executive Officer of Loewe AG, described business development during the financial statements press conference in Munich.
In 2009, Loewe systematically expanded its product portfolio in the high-end segment in particular to include the Loewe Reference home entertainment system. In addition, the Company invested primarily in the brand's adequate appearance in the international retail trade. "In doing this, we have systematically strengthened our position as the leading premium brand in the European consumer electronics market," said Löhrer.
"For Loewe, the margin is more important than sales growth. We keep prices at a stable level. In 2009, we experienced this in sales which declined from EUR 374 million in the previous year to EUR 324 million in 2009," continued Löhrer. The persisting difficult economic conditions in parts of Europe have also severely strained Loewe's sales. This applies in particular to the important markets in Spain and the Netherlands, which are important for Loewe. For that reason, export sales of EUR 131 million reflected a decline of roughly EUR 43 million. However, the high sales level for consumer electronics of the previous years was maintained in the most important market of Germany. Highly profitable large-screen TVs, accounted for 58 percent of the Company's total TV sales as they did in the previous year.
Despite the lower sales and production volume than in the previous year and the ongoing expenses for the premium positioning of the brand, Loewe succeeded in generating positive EBIT of approximately EUR 13.5 million in fiscal year 2009, compared to EUR 28.5 million in 2008. The positive contribution to earnings was caused primarily by the marketing of the innovative home entertainment systems at more consistently stable prices than the competition. The sustained high share of large-screen TV sets, more favorable procurement costs and the relatively strong sales in Germany also supported earnings. "Compared to the first six months of 2009, we increased our EBIT margin significantly from 1.0 percent to 6.7 percent in the second half. We thus again achieved our strategic margin level of 6 to 7 percent in the second half," explained Oliver Seidl, CFO of Loewe AG. Because of the positive business trend, the Executive Board will propose to the Annual Shareholders' Meeting on May 20 that a dividend of EUR 0.25 cents per share be paid.
"In the early weeks of the current year, Loewe's performance has been within the scope of our budget. The Olympic Winter Games and the associated launch of high-definition television in Germany have produced positive stimuli for the market and for Loewe as well. Nonetheless, we continue to experience the impacts of the global financial crisis," was how Frieder C. Löhrer described the start of the current fiscal year.
Based on sales, Loewe is as a whole moderately ahead of the comparable figures for 2009. "This trend should continue to stabilize in the months to come, especially due to the fact that a world-class media event in the form of the FIFA World Cup is still in store for us this summer. We will launch the new Individual SL line of TVs just in time for it in May," commented Löhrer.
Based on the moderate increase in sales and the high quality of earnings, Loewe's EBIT in the first quarter of 2010 will exceed the comparable figures for 2009. "In this area also, we are within the scope of our budget despite the sharp downward trend of market prices, and we will have to make every effort to maintain Loewe's pricing stability, not only for the sake of profitability but also the brand's reputation.”
Loewe presumes that the LCD TV market will continue to grow in the next few years, due in particular to the high replacement demand and increasing ownership of more than one set. In addition to the FIFA World Cup, technological innovations such as TVs with LED backlighting, the combining of television and the Internet and even more impressive surround sound systems will provide an enormous boost for the market beyond the current year.
In 2010, Loewe will launch three new LCD TV set lines and invest in the qualitative and quantitative expansion of distribution in selected key markets – primarily in France and Italy.
Loewe expects sales to grow moderately in the current 2010 fiscal year. As a premium brand, Loewe will continue to focus systematically on results with cost discipline and value-based marketing. EBIT in the current year is expected to be at the 2009 level. "Assuming that the value of the European market for LCD TVs will grow by about 10 percent and Loewe maintains its high margin level, growth in earnings can be expected for 2011. Moreover, Loewe’s sound capital structure and wide-ranging financing agreements put the company in an optimum position for the future," said CEO Frieder C. Löhrer
Monday, May 31, 2010
Tuesday, May 25, 2010
Loewe Annual Shareholder Meeting Highlights
Loewe off to a good start in 2010
Sales and earnings in Q1 2010 slightly above Q1 2009
Dividend proposal of EUR 0.25 per share
Three new product lines in 2010
Majority interest in multimedia company
Moderate sales growth expected for year as a whole
Kronach/Munich, May 20, 2010 – "Loewe is off to a good start in 2010. Our first quarter sales and earnings are somewhat ahead of the comparable figures for 2009. In addition, our Company has recently noticed that the World Cup is starting to have an impact. The FIFA World Cup again appears to be performing its traditional role as an economic driving force this year," pointed out Frieder C. Löhrer, Loewe CEO, during the Company's annual shareholders' meeting in Munich.
Last year Loewe bucked the industry trend, generating EBIT of EUR 13.5 million (previous year: EUR 28.5 million). "We came through the turbulence of the global financial crisis in the premium market very well," said Löhrer. In accomplishing this, margin had a clear priority over sales. In a market dominated by sharp price declines, Loewe was able to keep its prices almost steady. This had an adverse effect on sales which declined from EUR 374 million in the previous year to EUR 324 million in 2009. In addition to marketing at stable prices, the continued high percentage of large-screen TVs, more favorable procurement costs and a relatively robust business in Germany had a positive impact on earnings.
As a result of the positive earnings trend, a proposal will be made to the annual shareholders' meeting to pay a dividend of EUR 0.25 per share for 2009, down from EUR 0.50 per share for 2008.
The systematic expansion of the premium strategy also contributed to the good outcome in 2009. "Loewe is more than ever the European premium brand for entertainment electronics. We have achieved this by focusing the entire Company on our primary brand values of meaningful innovation, minimalist design and exclusive individuality." Loewe impressively underscored its presence as a premium brand by successfully launching the new high-end line Loewe Reference last year. In the meantime, Loewe Reference has gained multiple awards and has been the winner in numerous tests.
"We also plan to launch a dazzling array of new products in the current year," continued Löhrer. In the run-up to the football World Cup, the new Loewe Individual line is currently being launched on the market – extremely individualized home entertainment systems that offer more than a million different options for technology and design. Two additional new television lines will be launched in the autumn.
Loewe's acquisition of a majority interest in the multimedia company MacroSystem will be completed in the next few weeks. "It will enable us to strengthen our expertise in product related multimedia software and we will also take over production for MacroSystem," commented Löhrer. In recent years, MacroSystem has systematically built up its home entertainment business line to include innovative product solutions, in particular Blu-ray hard disk recorders for digital television. Loewe will use this expertise in particular for very powerful and customizable electronic program guides and also for the simple editing and archiving of video, audio and image files. In addition, the platform provides the optimal basis for making further progress in the convergence of Internet and television applications. The payments for the majority interest in the company operating to date under a self-administered insolvency plan will be in the low single-digit million range.
Loewe expects sales to grow moderately in the current fiscal year. Loewe's innovative home entertainment solutions put it in a very good position for repeating its high level of sales in Germany in 2010. Profitable double-digit growth in sales will be realized in the other key European markets. As a premium brand, Loewe will continue to focus systematically on results with cost discipline and value-based marketing. EBIT in 2010 is expected to be at the 2009 level. Moreover, Loewe’s sound capital structure and wide-ranging financing agreements put the Company in an optimal position for future growth.
Sales and earnings in Q1 2010 slightly above Q1 2009
Dividend proposal of EUR 0.25 per share
Three new product lines in 2010
Majority interest in multimedia company
Moderate sales growth expected for year as a whole
Kronach/Munich, May 20, 2010 – "Loewe is off to a good start in 2010. Our first quarter sales and earnings are somewhat ahead of the comparable figures for 2009. In addition, our Company has recently noticed that the World Cup is starting to have an impact. The FIFA World Cup again appears to be performing its traditional role as an economic driving force this year," pointed out Frieder C. Löhrer, Loewe CEO, during the Company's annual shareholders' meeting in Munich.
Last year Loewe bucked the industry trend, generating EBIT of EUR 13.5 million (previous year: EUR 28.5 million). "We came through the turbulence of the global financial crisis in the premium market very well," said Löhrer. In accomplishing this, margin had a clear priority over sales. In a market dominated by sharp price declines, Loewe was able to keep its prices almost steady. This had an adverse effect on sales which declined from EUR 374 million in the previous year to EUR 324 million in 2009. In addition to marketing at stable prices, the continued high percentage of large-screen TVs, more favorable procurement costs and a relatively robust business in Germany had a positive impact on earnings.
As a result of the positive earnings trend, a proposal will be made to the annual shareholders' meeting to pay a dividend of EUR 0.25 per share for 2009, down from EUR 0.50 per share for 2008.
The systematic expansion of the premium strategy also contributed to the good outcome in 2009. "Loewe is more than ever the European premium brand for entertainment electronics. We have achieved this by focusing the entire Company on our primary brand values of meaningful innovation, minimalist design and exclusive individuality." Loewe impressively underscored its presence as a premium brand by successfully launching the new high-end line Loewe Reference last year. In the meantime, Loewe Reference has gained multiple awards and has been the winner in numerous tests.
"We also plan to launch a dazzling array of new products in the current year," continued Löhrer. In the run-up to the football World Cup, the new Loewe Individual line is currently being launched on the market – extremely individualized home entertainment systems that offer more than a million different options for technology and design. Two additional new television lines will be launched in the autumn.
Loewe's acquisition of a majority interest in the multimedia company MacroSystem will be completed in the next few weeks. "It will enable us to strengthen our expertise in product related multimedia software and we will also take over production for MacroSystem," commented Löhrer. In recent years, MacroSystem has systematically built up its home entertainment business line to include innovative product solutions, in particular Blu-ray hard disk recorders for digital television. Loewe will use this expertise in particular for very powerful and customizable electronic program guides and also for the simple editing and archiving of video, audio and image files. In addition, the platform provides the optimal basis for making further progress in the convergence of Internet and television applications. The payments for the majority interest in the company operating to date under a self-administered insolvency plan will be in the low single-digit million range.
Loewe expects sales to grow moderately in the current fiscal year. Loewe's innovative home entertainment solutions put it in a very good position for repeating its high level of sales in Germany in 2010. Profitable double-digit growth in sales will be realized in the other key European markets. As a premium brand, Loewe will continue to focus systematically on results with cost discipline and value-based marketing. EBIT in 2010 is expected to be at the 2009 level. Moreover, Loewe’s sound capital structure and wide-ranging financing agreements put the Company in an optimal position for future growth.
Monday, May 24, 2010
Loewe Q1 Results
Loewe off to a good start in fiscal year 2010 – sales and earnings slightly higher than in 2009
Moderate increase in sales from EUR 72.8 million to EUR 73.4 million
At EUR 0.8 million, EBIT slightly higher than in the previous year
Sales in Germany 3% lower than in 2009
Export sales up by 7%
Targeted price adjustments result in lower gross margin
New Individual product family the most important market launch in 2010
Continued systematic focus on results with cost discipline
Kronach, May 5, 2010 – "Our Company has made a good start in fiscal year 2010 – Loewe is within the scope of its expectations and has slightly exceeded the corresponding 2009 figures, with regard to both sales and earnings," was how Frieder C. Löhrer, CEO of Loewe AG, summed up the first quarter of 2010. In line with expectations, sales of the Loewe Group in the first three months of 2010 at EUR 73.4 million were slightly higher than the 2009 figure of EUR 72.8 million. A moderate increase in sales and production volume enabled the Loewe Group to achieve EBIT of EUR 0.8 million compared to EUR 0.7 million in the first quarter of 2009.
As expected, Loewe Group sales rose moderately by 1% from EUR 72.8 million to EUR 73.4 million in the period under review. Business development in the different markets showed divergent trends. While sales in Germany at EUR 42.2 million in the first three months of 2010 were 3% lower than in 2009, export sales grew by 7% to EUR 31.2 million. Its systematic positioning in the premium segment and its attractive and individual product portfolio have enabled Loewe to keep selling prices at an almost stable level over an extended period of time, although the average market prices in Europe have trended sharply downwards. "In order for the Company to secure strategically reasonable price premiums and create additional incentives to buy high-quality Loewe products, we took this market trend into account in the first quarter, in particular in the entry level TV segment. This was also included in our planning for fiscal year 2010," continued Löhrer.
The percentage of large-screen LCD TVs 37 inches and larger in Loewe's total LCD sales continues to be pleasing. Their share increased to 63% in the first three months of 2010 from 58% a year earlier. The Audio/DVD product group displayed exceptionally positive growth in the period under review. The very successful market launch of the new Mediacenter audio/video system enabled Loewe to increase its revenues to EUR 9.7 million, nearly double those of the first three months of 2009. "The launch of the Mediacenter has brought us an important step closer to our goal of making Loewe the most significant international premium brand for home entertainment systems," said Löhrer.
A moderate increase in sales and production volume enabled Loewe to achieve EBIT of EUR 0.8 million compared to EUR 0.7 million in the first quarter of 2009. Despite the planned price adjustments in the entry level TV segment and the somewhat lower sales volume in Germany, Loewe achieved a gross margin of 24.8% in the first three months of 2010. It is thus only 1.6 percentage points lower than the high level in the same period of the previous year of 26.4%. "Our value-based marketing and continued good product mix have been instrumental in safeguarding our earnings situation," explained Oliver Seidl, CFO of Loewe AG. The higher percentage of large-screen LCD TVs 37 inches and above in total TV sales also supported earnings.
The Company is currently making intensive preparations for the most important market launch of the year. "Our new Individual product line with the most advanced LED backlighting will be launched on the market just in time for the FIFA World Cup in South Africa . Loewe Individual offers individuality in a unique form," commented Löhrer. Loewe Individual offers the customer more than one million options with regard to colors, materials, placement solutions and technical features for configuring one's own personal TV system. No other home entertainment system offers so much freedom of choice and can be so consistently adapted to the living situation, tastes and expectations of every individual. Moreover, the current year will see a systematic continuation of the product offensive with the launch of additional large-screen, high-definition LCD TVs with LED backlighting.
Loewe expects sales to grow moderately in the current fiscal year 2010. Loewe's innovative home entertainment solutions put it in a very good position for repeating its high level of sales in Germany in 2010. Profitable double-digit growth in sales will be realized in the other key European markets. As a premium brand, Loewe will continue to focus systematically on results with cost discipline and value-based marketing. EBIT in the current year is expected to be at the 2009 level. Moreover, Loewe’s sound capital structure and wide-ranging financing agreements put the company in an optimal position for future growth.
Moderate increase in sales from EUR 72.8 million to EUR 73.4 million
At EUR 0.8 million, EBIT slightly higher than in the previous year
Sales in Germany 3% lower than in 2009
Export sales up by 7%
Targeted price adjustments result in lower gross margin
New Individual product family the most important market launch in 2010
Continued systematic focus on results with cost discipline
Kronach, May 5, 2010 – "Our Company has made a good start in fiscal year 2010 – Loewe is within the scope of its expectations and has slightly exceeded the corresponding 2009 figures, with regard to both sales and earnings," was how Frieder C. Löhrer, CEO of Loewe AG, summed up the first quarter of 2010. In line with expectations, sales of the Loewe Group in the first three months of 2010 at EUR 73.4 million were slightly higher than the 2009 figure of EUR 72.8 million. A moderate increase in sales and production volume enabled the Loewe Group to achieve EBIT of EUR 0.8 million compared to EUR 0.7 million in the first quarter of 2009.
As expected, Loewe Group sales rose moderately by 1% from EUR 72.8 million to EUR 73.4 million in the period under review. Business development in the different markets showed divergent trends. While sales in Germany at EUR 42.2 million in the first three months of 2010 were 3% lower than in 2009, export sales grew by 7% to EUR 31.2 million. Its systematic positioning in the premium segment and its attractive and individual product portfolio have enabled Loewe to keep selling prices at an almost stable level over an extended period of time, although the average market prices in Europe have trended sharply downwards. "In order for the Company to secure strategically reasonable price premiums and create additional incentives to buy high-quality Loewe products, we took this market trend into account in the first quarter, in particular in the entry level TV segment. This was also included in our planning for fiscal year 2010," continued Löhrer.
The percentage of large-screen LCD TVs 37 inches and larger in Loewe's total LCD sales continues to be pleasing. Their share increased to 63% in the first three months of 2010 from 58% a year earlier. The Audio/DVD product group displayed exceptionally positive growth in the period under review. The very successful market launch of the new Mediacenter audio/video system enabled Loewe to increase its revenues to EUR 9.7 million, nearly double those of the first three months of 2009. "The launch of the Mediacenter has brought us an important step closer to our goal of making Loewe the most significant international premium brand for home entertainment systems," said Löhrer.
A moderate increase in sales and production volume enabled Loewe to achieve EBIT of EUR 0.8 million compared to EUR 0.7 million in the first quarter of 2009. Despite the planned price adjustments in the entry level TV segment and the somewhat lower sales volume in Germany, Loewe achieved a gross margin of 24.8% in the first three months of 2010. It is thus only 1.6 percentage points lower than the high level in the same period of the previous year of 26.4%. "Our value-based marketing and continued good product mix have been instrumental in safeguarding our earnings situation," explained Oliver Seidl, CFO of Loewe AG. The higher percentage of large-screen LCD TVs 37 inches and above in total TV sales also supported earnings.
The Company is currently making intensive preparations for the most important market launch of the year. "Our new Individual product line with the most advanced LED backlighting will be launched on the market just in time for the FIFA World Cup in South Africa . Loewe Individual offers individuality in a unique form," commented Löhrer. Loewe Individual offers the customer more than one million options with regard to colors, materials, placement solutions and technical features for configuring one's own personal TV system. No other home entertainment system offers so much freedom of choice and can be so consistently adapted to the living situation, tastes and expectations of every individual. Moreover, the current year will see a systematic continuation of the product offensive with the launch of additional large-screen, high-definition LCD TVs with LED backlighting.
Loewe expects sales to grow moderately in the current fiscal year 2010. Loewe's innovative home entertainment solutions put it in a very good position for repeating its high level of sales in Germany in 2010. Profitable double-digit growth in sales will be realized in the other key European markets. As a premium brand, Loewe will continue to focus systematically on results with cost discipline and value-based marketing. EBIT in the current year is expected to be at the 2009 level. Moreover, Loewe’s sound capital structure and wide-ranging financing agreements put the company in an optimal position for future growth.
Monday, May 17, 2010
WEVA Video Contest!
Enter Your Weddings, Events & Corporate Video - Deadline May 27 - Open to All Professionals
The 2010 "Call For Entries" in the WEVA 20th Annual Creative Excellence Awards Competition was announced at the WEVA-NAB 2010 Open House with all entries due by the 2010 deadline 5:00pm Thursday, May 27, 2010. The competition is open to all professionals worldwide (WEVA members receive lower entry fee - to see all advantages of WEVA membership go to WEVA.com).
Download the Official Entry Form at www.weva.com/ceawards/CEA2010.pdf
Enter your best productions now (on standard DVD format).
All 2010 winning entries will be officially announced and screened this summer at the WEVA Creative Excellence Film Fest during the “Opening Night Gala” of the WEVA 20th Annual Wedding & Event Video Expo 2010 at The Dolphin Resort in Walt Disney World, Orlando, FL on August 23, 2010
16 Video Award Categories
The 2010 WEVA Creative Excellence Awards Competition embraces 16 Video Award categories. Like last year, the Official Rules allow you to enter as many of the award categories as you wish, and you may submit up to two video entries per category.
The newest category, introduced last year, is Wedding Movie Trailer. One of the most popular and effective ways today’s wedding videographers and event filmmakers are marketing their work is through the use of short, film-like trailers. In this award category, entries must not exceed 2.5 minutes (see the 2010 Official Rules for complete descriptions of all 16 video award categories).
The WEVA 20th Annual Creative Excellence Awards Competition categories welcome productions that cover a variety of social events and corporate work, including weddings, Bar/Bat Mitzvahs, class reunions, recitals, theatrical/stage productions, promotional videos, graduations, band performances, cheerleading competitions, memorial services, corporate training, anniversaries, christenings, charity events, and others. Each year, awards are presented to wedding and event video professionals nationally and internationally. Many are first-time recipients. Enter your finest work now on DVD.
"Each year, WEVA invites all wedding and event video professionals to enter their finest work in our industry’s most prestigious awards competition," said WEVA Chairman Roy Chapman. "The Creative Excellence Awards Competition, now in its 20th year, an industry milestone, is again open to all professionals worldwide. It is a WEVA peer-reviewed competition. There is always a new panel of judges every year, and each year brings a fresh opportunity for new productions to be honored. A WEVA Creative Excellence Award represents the highest honor in production achievement in professional wedding and event video. All professionals are encouraged to enter their best work!"
Winning Entries to be Screened at Disney World
The 2010 winning entries will be screened in their entirety this summer at the WEVA 20th Annual Wedding & Event Video Expo August 23-26, 2010 at Walt Disney World. "WEVA EXPO 2010 is also where wedding and event video professionals will discover cutting-edge wedding video creativity, new digital cinema techniques, Video/DSLR-HD 'fusion' technologies, new social media marketing and sales strategies, and new techniques for taking your work to the highest levels of production artistry," said John Zale WEVA’s Director of Educational Development. WEVA EXPO 2010, our industry's biggest convention and trade show, is open to all industry professionals, affiliates, and students (WEVA members receive discount registration).
The WDW Dolphin Resort, host hotel for WEVA EXPO 2010, is already accepting WEVA EXPO 2010 room reservations. The special discount for all EXPO attendees is only $99/night (single or double). Parking is free for EXPO attendees who are registered guests and in-room Internet access is also free. To make guest room reservations Click Here! Registration for WEVA EXPO 2010 will open online soon. Check WEVA.com regularly for all Wedding & Event Video Expo 2010 updates!
The 2010 "Call For Entries" in the WEVA 20th Annual Creative Excellence Awards Competition was announced at the WEVA-NAB 2010 Open House with all entries due by the 2010 deadline 5:00pm Thursday, May 27, 2010. The competition is open to all professionals worldwide (WEVA members receive lower entry fee - to see all advantages of WEVA membership go to WEVA.com).
Download the Official Entry Form at www.weva.com/ceawards/CEA2010.pdf
Enter your best productions now (on standard DVD format).
All 2010 winning entries will be officially announced and screened this summer at the WEVA Creative Excellence Film Fest during the “Opening Night Gala” of the WEVA 20th Annual Wedding & Event Video Expo 2010 at The Dolphin Resort in Walt Disney World, Orlando, FL on August 23, 2010
16 Video Award Categories
The 2010 WEVA Creative Excellence Awards Competition embraces 16 Video Award categories. Like last year, the Official Rules allow you to enter as many of the award categories as you wish, and you may submit up to two video entries per category.
The newest category, introduced last year, is Wedding Movie Trailer. One of the most popular and effective ways today’s wedding videographers and event filmmakers are marketing their work is through the use of short, film-like trailers. In this award category, entries must not exceed 2.5 minutes (see the 2010 Official Rules for complete descriptions of all 16 video award categories).
The WEVA 20th Annual Creative Excellence Awards Competition categories welcome productions that cover a variety of social events and corporate work, including weddings, Bar/Bat Mitzvahs, class reunions, recitals, theatrical/stage productions, promotional videos, graduations, band performances, cheerleading competitions, memorial services, corporate training, anniversaries, christenings, charity events, and others. Each year, awards are presented to wedding and event video professionals nationally and internationally. Many are first-time recipients. Enter your finest work now on DVD.
"Each year, WEVA invites all wedding and event video professionals to enter their finest work in our industry’s most prestigious awards competition," said WEVA Chairman Roy Chapman. "The Creative Excellence Awards Competition, now in its 20th year, an industry milestone, is again open to all professionals worldwide. It is a WEVA peer-reviewed competition. There is always a new panel of judges every year, and each year brings a fresh opportunity for new productions to be honored. A WEVA Creative Excellence Award represents the highest honor in production achievement in professional wedding and event video. All professionals are encouraged to enter their best work!"
Winning Entries to be Screened at Disney World
The 2010 winning entries will be screened in their entirety this summer at the WEVA 20th Annual Wedding & Event Video Expo August 23-26, 2010 at Walt Disney World. "WEVA EXPO 2010 is also where wedding and event video professionals will discover cutting-edge wedding video creativity, new digital cinema techniques, Video/DSLR-HD 'fusion' technologies, new social media marketing and sales strategies, and new techniques for taking your work to the highest levels of production artistry," said John Zale WEVA’s Director of Educational Development. WEVA EXPO 2010, our industry's biggest convention and trade show, is open to all industry professionals, affiliates, and students (WEVA members receive discount registration).
The WDW Dolphin Resort, host hotel for WEVA EXPO 2010, is already accepting WEVA EXPO 2010 room reservations. The special discount for all EXPO attendees is only $99/night (single or double). Parking is free for EXPO attendees who are registered guests and in-room Internet access is also free. To make guest room reservations Click Here! Registration for WEVA EXPO 2010 will open online soon. Check WEVA.com regularly for all Wedding & Event Video Expo 2010 updates!
MacroSystem announces Store-N-Share Launch Date

FOR IMMEDIATE RELEASE: MacroSystem US ANNOUNCES STORE-N-SHARE RELEASE DATE - June 1ST, 2010
MacroSystem US Announces Store-N-Share Release Date:
Boulder, CO
MacroSystem US (www.macrosystem.us) announces the much anticipated release of the Store-N-Share application - for the Casablanca product line.
Store'n'Share allows you to use an externally connected (USB) hard drive with Bogart SE v2 or v3 as an alternative to the internal hard drive. MSUS is also introducing a line of drive bay’s and drives for the new Store-N-Share software. While not required, this will be a time saver for the heavy Store-N-Share user.
“K-12’s and Independent videographers have gotten very excited about MacroSystem adding the ability to save projects to specific hard drives, in a hot-swap capacity. The feedback we are getting from this community around Data-integrity, Project Management, and ROI from a Time Management standpoint is hugely positive.” VP of Sales and Marketing Philip Bice
• Store'n'Share software lets you save projects directly to the external hard drive.
• Project data can be shared between multiple Bogart machines. If you record project data to an external hard drive you can also connect it to another Bogart machine (provided Casablanca Bogart Store'n'Share is activated) and edit the project as if it were on the original machine.
• Once a drive has been initialized for Store'n' Share, it can be used for all other Backup functions of the Bogart software including HD Backup Bogart software and with the Backup Storyboard feature.
• $99 for Store-N-Share at launch date
• $119 for an External Drive Bay (optional)
• $139 for 1TB Hard Drive for External Drive Bay
• $299 for 2TB Hard Drive for External Drive Bay
• Packaged Deals Available
• $299 1TB Drive/ External Drive Bay/ Store-N-Share Software
• $449 2TB Drive/ External Drive Bay/ Store-N-Share Software
MacroSystem US Store-N-Share Release Date - June 1st 2010
Contact Information:
Media Relations
Marketing@macrosystem.us
www.macrosystem.us
MacroSystem US
5485 Conestoga Ct
Boulder, CO 80301
FOR IMMEDIATE RELEASE: MacroSystem US ANNOUNCES STORE-N-SHARE RELEASE DATE - June 1ST, 2010
MacroSystem US Announces Store-N-Share Release Date:
Boulder, CO
MacroSystem US (www.macrosystem.us) announces the much anticipated release of the Store-N-Share application - for the Casablanca product line.
Store'n'Share allows you to use an externally connected (USB) hard drive with Bogart SE v2 or v3 as an alternative to the internal hard drive. MSUS is also introducing a line of drive bay’s and drives for the new Store-N-Share software. While not required, this will be a time saver for the heavy Store-N-Share user.
“K-12’s and Independent videographers have gotten very excited about MacroSystem adding the ability to save projects to specific hard drives, in a hot-swap capacity. The feedback we are getting from this community around Data-integrity, Project Management, and ROI from a Time Management standpoint is hugely positive.” VP of Sales and Marketing Philip Bice
• Store'n'Share software lets you save projects directly to the external hard drive.
• Project data can be shared between multiple Bogart machines. If you record project data to an external hard drive you can also connect it to another Bogart machine (provided Casablanca Bogart Store'n'Share is activated) and edit the project as if it were on the original machine.
• Once a drive has been initialized for Store'n' Share, it can be used for all other Backup functions of the Bogart software including HD Backup Bogart software and with the Backup Storyboard feature.
• $99 for Store-N-Share at launch date
• $119 for an External Drive Bay (optional)
• $139 for 1TB Hard Drive for External Drive Bay
• $299 for 2TB Hard Drive for External Drive Bay
• Packaged Deals Available
• $299 1TB Drive/ External Drive Bay/ Store-N-Share Software
• $449 2TB Drive/ External Drive Bay/ Store-N-Share Software
MacroSystem US Store-N-Share Release Date - June 1st 2010
Contact Information:
Media Relations
Marketing@macrosystem.us
www.macrosystem.us
MacroSystem US
5485 Conestoga Ct
Boulder, CO 80301
Friday, May 14, 2010
MacroSystem US Announces Bogart 3
FOR IMMEDIATE RELEASE: MacroSystem US ANNOUNCES BOGART 3 OS RELEASE DATE - June 1st , 2010
MacroSystem US Announces Bogart 3 OS Release Date:
Boulder, CO
MacroSystem US (www.macrosystem.us) announces the much-anticipated release of the Bogart 3 Operating System - for the Casablanca product line on June 1st 2010. This release not only increases performance and stability of the Casablanca line, but includes many new highly anticipated features.
“This release reflects the Bogart Linux Operating System’s ability to directly address customer requests and needs more quickly than with the Smart Edit OS. Our US based Test Team’s feedback around the recent Linux OS version has been very positive” - VP of Sales and Marketing Philip Bice
-Compatibility with MOV files allows importing and incorporation of additional digital backgrounds, jump-backs (Digital Juice, etc)
-Additional contemporary file formats compatible for direct import into Record Menu -- allows files from DSLR, professional and prosumer video camcorders.
-In addition to 1440x1080, HD resolutions 1920x1080 and 1280x720 are supported
-It is possible to record HDV and AVCHD in SD projects and to record DV in HD projects. If necessary, everything will be converted while recording
-Drag and drop audio mixing coupled with robust audio editing tools directly accessible from the mix menu
-Photo and time-lapse recordings for HD projects
-Ability to copy an entire project (including raw footage/audio files) into another project which allows for easy creation of different versions of a project
-Pre pre-mixing is now possible! You can edit on top of an unlocked track of audio without having to delete the sample
-Many new changes and enhancements to audio editing especially when using the Timeline display.
$249 - Full Version
$179 - Upgrade Version
Contact Information:
Media Relations
Marketing@macrosystem.us
www.macrosystem.us
MacroSystem US
5485 Conestoga Ct
Boulder, CO 80301
Thursday, May 13, 2010
MSUS Announces Smart Edit 9 Release
FOR IMMEDIATE RELEASE: MacroSystem US ANNOUNCES Smart Edit 9 Operating System RELEASE DATE - June 1ST, 2010
MacroSystem US Announces Smart Edit OS Release Date:
Boulder, CO
MacroSystem US (www.macrosystem.us) announces the much anticipated release of the Smart Edit 9 Operating System for Legacy Casablanca Video Editors. This release not only increases performance and stability of the Casablanca line, but includes many new highly anticipated features.
“The Smart Edit 9 OS release is certainly a great one on many fronts. This may be one of the last releases of the Smart Edit OS as we are starting to run into development limitations within this older proprietary architecture. We are proud of the OS’s longevity, stability, and it’s incredible reputation.” - VP of Sales and Marketing Philip Bice
-Many new changes and enhancements to audio editing especially when using the Timeline display.
-Audio rendering is only needed for effects. Other audio mixing will not need any rendering!
-Pre pre-mixing is now possible! You can edit on top of an unlocked track of audio without having to delete the sample.
-A new display mode has been added during playback of the storyboard which allows you to see relevant scene names, effect names, and images.
-A project can now be copied to a different and empty project!
$249 - Full Version
$179 - Upgrade Version
MacroSystem US Smart Edit 9 Release Date - June 1st 2010
Contact Information:
Media Relations
Marketing@macrosystem.us
www.macrosystem.us
MacroSystem US
5485 Conestoga Ct
Boulder, CO 80301
MacroSystem US Announces Smart Edit OS Release Date:
Boulder, CO
MacroSystem US (www.macrosystem.us) announces the much anticipated release of the Smart Edit 9 Operating System for Legacy Casablanca Video Editors. This release not only increases performance and stability of the Casablanca line, but includes many new highly anticipated features.
“The Smart Edit 9 OS release is certainly a great one on many fronts. This may be one of the last releases of the Smart Edit OS as we are starting to run into development limitations within this older proprietary architecture. We are proud of the OS’s longevity, stability, and it’s incredible reputation.” - VP of Sales and Marketing Philip Bice
-Many new changes and enhancements to audio editing especially when using the Timeline display.
-Audio rendering is only needed for effects. Other audio mixing will not need any rendering!
-Pre pre-mixing is now possible! You can edit on top of an unlocked track of audio without having to delete the sample.
-A new display mode has been added during playback of the storyboard which allows you to see relevant scene names, effect names, and images.
-A project can now be copied to a different and empty project!
$249 - Full Version
$179 - Upgrade Version
MacroSystem US Smart Edit 9 Release Date - June 1st 2010
Contact Information:
Media Relations
Marketing@macrosystem.us
www.macrosystem.us
MacroSystem US
5485 Conestoga Ct
Boulder, CO 80301
Thursday, May 6, 2010
Dallas Casablanca Conference!
Straight from the Casablanca Expert - here's a quick excerpt...
Dallas Casablanca Conference - coming September 2010!
Posted: 05 May 2010 12:02 AM PDT
I am delighted to have been working with the folks at CAM Audio, Inc. in Dallas, Texas for the past few years in offering both 2-day conferences and hands-on workshops. I find Seth Hampton and the rest of the CAM Audio crew really know how to host a great event!
We've heard from many of the folks who have attended these previous CAM Audio Casablanca sessions in Dallas, Texas, as well as inquiries from folks in a couple different locations around the country. There is great interest in another grand event for the Casablanca community - we're happy to announce the Casablanca Conference Dallas 2010!
You are hereby invited to join us in Dallas, Texas for 3 days of all-things Casablanca! This will take place Tuesday, Wednesday and Thursday September 28-30, 2010.
There will be tons of learning going on and a lot of fun as well. I Will be teaching many sessions and am delighted that Bobbie Evoy of Memories On Tape (from Michigan) will be presenting as well. Bobbie is SO creative and always teaches me some cool tips and tricks as well. Bobbie will be sharing tips for getting great effects with BlueBox World. You may know she has put together a number of music videos and does a great job!
I am also looking forward to the DVD Menu 'Bake-Off' (where folks submit their best/favorite DVD menu so we can all gawk at the creativity amongst our peers); the video editing contest (where small teams will edit from the same footage.. then share their final product and lessons from the experience); we'll have a Vendors Fair where some equipment manufacturers will be on-hand to share their latest wares and answer questions you may have.
And CAM Audio will have a super-store at the event... with competitive prices on everything from cameras to tripods, microphones to DVD duplicators and of course lots of media (tape, DVD, CD, etc).
Register today to ensure your seat at this valuable learning & networking opportunity. Lunch is included for all 3 days - evenings are open so you can relax your brain or hang-out with your Casablanca colleagues.
Registration in only $129.00 for the full 3-day Conference!
Online registration is open now: http://dallasconference2010.eventbrite.com
Dallas Casablanca Conference - coming September 2010!
Posted: 05 May 2010 12:02 AM PDT
I am delighted to have been working with the folks at CAM Audio, Inc. in Dallas, Texas for the past few years in offering both 2-day conferences and hands-on workshops. I find Seth Hampton and the rest of the CAM Audio crew really know how to host a great event!
We've heard from many of the folks who have attended these previous CAM Audio Casablanca sessions in Dallas, Texas, as well as inquiries from folks in a couple different locations around the country. There is great interest in another grand event for the Casablanca community - we're happy to announce the Casablanca Conference Dallas 2010!
You are hereby invited to join us in Dallas, Texas for 3 days of all-things Casablanca! This will take place Tuesday, Wednesday and Thursday September 28-30, 2010.
There will be tons of learning going on and a lot of fun as well. I Will be teaching many sessions and am delighted that Bobbie Evoy of Memories On Tape (from Michigan) will be presenting as well. Bobbie is SO creative and always teaches me some cool tips and tricks as well. Bobbie will be sharing tips for getting great effects with BlueBox World. You may know she has put together a number of music videos and does a great job!
I am also looking forward to the DVD Menu 'Bake-Off' (where folks submit their best/favorite DVD menu so we can all gawk at the creativity amongst our peers); the video editing contest (where small teams will edit from the same footage.. then share their final product and lessons from the experience); we'll have a Vendors Fair where some equipment manufacturers will be on-hand to share their latest wares and answer questions you may have.
And CAM Audio will have a super-store at the event... with competitive prices on everything from cameras to tripods, microphones to DVD duplicators and of course lots of media (tape, DVD, CD, etc).
Register today to ensure your seat at this valuable learning & networking opportunity. Lunch is included for all 3 days - evenings are open so you can relax your brain or hang-out with your Casablanca colleagues.
Registration in only $129.00 for the full 3-day Conference!
Online registration is open now: http://dallasconference2010.eventbrite.com
Tuesday, May 4, 2010
Gwinnett County Public Schools Video Production
What to say? Great people, incredible knowledge, student and education focused objectives, top down support, incredible infrastructure...
Easily the nicest and best video production of any K-12 facility I've ever seen.
Here's some pic's from just one of their support facilities (many more facilities across campuses!!)
Easily the nicest and best video production of any K-12 facility I've ever seen.
Here's some pic's from just one of their support facilities (many more facilities across campuses!!)
2010 Georgia State Media Festival
What an event!! I couldn't believe how many students had entries and how many great entries there were!
Media Specialists, Editors, Videographers from all over the state gathered to judge Student's entries - all selected by their respective districts as being an "excellent" or better representation of telling a story through the video medium.
Best estimates are in the mid 200's for the number of Casablanca Entries!!
All I can say is - I'm proud to support the schools and students at these events, and am looking forward to sponsoring many more in the future!!
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