WorldSource, Inc. Establishes New Manufacturing Facility in Mexico
29 March 2007 - 12:53AM
PR Newswire (US)
Capitalizing on Expanding Market for Mexican Musical Instruments,
WorldSource Secures Facility for Its Lines of Guitars and String
Instruments PALM DESERT, Calif., March 28 /PRNewswire-FirstCall/ --
WorldSource, Inc. (Pink Sheets: WDSC) a global product developer
and distributor, today announced that it has established a new
manufacturing facility for its lines of musical instruments in
Mexico. The facility is in a region of Mexico considered the heart
of manufacturing for Mexican musical instruments. Manufacturing
will be managed by Tubert International, a WorldSource wholly owned
subsidiary. Production of WorldSource's newest line of instruments
will commence immediately. "We will be first focusing on production
of a new line of authentic, traditional Mexican acoustic guitars at
this facility," said WorldSource CEO Brian Jue. "With this facility
in place, we now have manufacturing capabilities for musical
instruments in Argentina, China, and Mexico." According to the
Recording Industry Association of America, 2005 Latin music sales
in the U.S. totaled $650 million. Industry predictions are that it
could reach $1 billion by 2010. The RIAA vice president of Latin
Music recently noted that more than half of Latin music sold in the
U.S. is Mexican regional. "This facility is capable of producing
higher end, classically manufactured guitars with amazing
consistency," stated C. Phillip Tubert, CEO of Tubert
International. "This region of Mexico has been dedicated to the
building of string instruments since monks introduced them to the
area in the 1500's. The luthiers we have at this facility span
generations of instrument builders, and are a tribute to the proud
heritage of Mexican music." WorldSource is a developer and
distributor of products for the consumer marketplace. Globally
integrated, it has an experienced management team with considerable
expertise in the development, manufacturing, marketing and
distribution of consumer products. WorldSource is structured to
quickly and efficiently bring unique, beneficial products to
consumers worldwide by utilizing a well-connected marketing network
and extensive distribution channels. WorldSource is actively
seeking acquisition opportunities. For more information, please
visit http://www.worldsource.us/ . Tubert International is a
WorldSource wholly owned subsidiary dedicated to overseas
manufacturing and supply of components and finished goods to its
clients' design and specification. It offers a robust and diverse
manufacturing resource and supply chain to its clients. It brings
globally competitive and sustainable pricing together with the
quality, dependability, accountability and dedication to detail and
communication that comes by dealing with an American supplier --
without the pitfalls typically associated with overseas production
and supply. The Company is headquartered in Los Angeles, with
production offices in Hong Kong, import/export/manufacturing
facilities in Ningbo, Wuhan, Hangzhou and Shanghai, China. For more
information, please visit http://www.tubertinternational.com/ . KMA
Capital Partners, Inc. (Pink Sheets: KMCP) is the merchant banking
firm for WorldSource. KMA engages in investment banking, financial
consulting, negotiations of mergers and acquisitions, portfolio
management, turnaround services, "business development" company
services and commercial ventures focusing on mid-cap private and
public companies. Utilizing its Capital Protection Program, KMA
Capital has created a win-win environment for companies and
investors. KMA Capital, headquartered in Orlando, Florida, has nine
field offices throughout the United States with expansion underway
in the Northeast, West and Southwest areas of the US. For more
information, please visit http://www.kmacapital.com/ . WorldSource
(877) 777-WDSC WorldSource Investor Relations InvestSource (714)
847-2460 KMA Capital Partners, Inc. Jack Craig, Investor Relations
407-370-4300 Note: Certain statements in this news release may
contain "forward looking" information within the meaning of rule
175 under the Securities Act of 1933 and Rule 3b-6 under the
Securities Act of 1934 and are subject to the safe harbor created
by those rules. All statements, other than statements of fact,
included in this release, may include forward-looking statements
that involve risks and uncertainties. DATASOURCE: WorldSource, Inc.
CONTACT: WorldSource, +1-877-777-WDSC, ; or WorldSource Investor
Relations, InvestSource, +1-714-847-2460, ; or Investor Relations,
Jack Craig of KMA Capital Partners, Inc., +1-407-370-4300,
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