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Fender Acquires Groove Tubes LLC

Fender Musical Instruments Corp. attains certain assets and rights of Groove Tube LLC.

Scottsdale, Arizona (June 2, 2008) -- Fender Musical Instruments Corp. (FMIC) announced that it will be incorporating Groove Tubes into their arsenal of musical equipment. In addition to principal assets, FMIC purchased the Groove Tubes brand, but Aspen Pittman, Groove Tubes founder, will continue in a consulting role.

Developed in 1979, Groove Tubes quickly made its place in the amp market with quality and versatile products. While the company specialized in amplifier production, it continued to expand and grow by introducing microphones, accessories and other electronic devices used by a various musicians.

Seen as an important and growing player in the international market of musical products, FMIC quickly seized the opportunity to obtain Groove Tubes and their respected reputation among musicians and consumers. Knowing that Fender’s history has a debt to the tube amplifier market, the new purchase only made sense.

“The ''59 Bassman and the ''65 Twin Reverb are great examples of our long history of amplifier innovation that dates back to 1946,” said Matt Janopaul, President and COO of FMIC. “More importantly, these amps have been instrumental in shaping modern music today. FMIC will be a great steward of Groove Tubes going forward as we combine our deep experience in amp design with the service and testing capabilities that Groove Tubes and Aspen Pittman are known for.”

For more information, please visit the Fender or Groove Tubes websites.