June 17, 2005

SAE INSTITUTE ACQUIRES AMS NEVE

LANCASHIRE, UK - Tom Misner, president/founder of the multi-national SAE Group, announced the acquisition of leading console manufacturer AMS Neve (www.ams-neve.com). Misner, an audio technologist, visionary & educator in the music field, has maintained a strong industry association and has been a user of Neve consoles for the past 30 years.

AMS Neve Ltd. managing director Mark Crabtree commented: "We are very happy to now be part of such a strong global organization. With the full support of the SAE Group, it will enable us to increase our market share and, above all, accelerate the introduction of our new product range."

SAE Institute will now be providing - through its network in over 45 colleges in 20 countries - AMS Neve broadcast/music/film and post seminars for past and new clients.

"The coming together of AMS Neve and SAE is a unique strategic alliance of two of the world's leading audio industry organisations," says Romy Hawatt, SAE's strategic business development advisor. "One in audio technology and manufacturing, and the other in audio education and training. Both the AMS Neve and SAE brands have a very strong global synergy."

"The feedback we have attained over the years from our large international student network has provided us with valuable information and insight that is now being applied by AMS Neve in the development of the soon-to-be-released range of new products," notes Misner.