Brian Hogger
Director of Development
Spectrum Productions, Inc.

Spectrum Productions meets rapidly growing business demands through the divestiture of its Entertainment division.

ATLANTA, October 9, 2003 – Spectrum Entertainment Concepts, Inc., President, Preston MacIntyre, announced today the divestiture of the Spectrum Entertainment business unit and the renaming of the corporation to Spectrum Productions, Inc.

Through a deal that was forged over the last several several weeks, the spinoff sells the assets, clientele and branding of Spectrum Entertainment. MacIntyre comments that “This divestiture was driven by the corporation’s desire to focus its energies on production services. In addition to allowing Spectrum Productions to focus time and energy on its core business, the divestiture will also provide an injection of capital for further expansion and acquisition.”

The newly created business entity has been purchased by the existing Entertainment division manager, Matt Osborne, and the senior account manager, Chris Dollar. The management team of Osborne and Dollar will use the current market-leading position of Spectrum Entertainment to drive their sales over the next several years.

Spectrum Entertainments Concepts, Inc. was formed in 1988 as Spectrum Sound by MacIntyre. When founded , the mission of the company was to provide entertainment services such as disc jokeys and bands for client events. As the firm grew, the need for production services became apparent. Spectrum Sound’s existing client base began requesting these services as part of future entertainment contracts. In 1992, the product mix of Spectrum Sound was expanded to provide production services for business meetings, special events and trade shows.

In 1998, the Spectrum Productions brand was introduced and the Spectrum Entertainment brand was redefined. All production services from that date forward were sold under the Spectrum Productions brand. Since that time, sales growth at Spectrum Productions has been explosive. This growth has drawn focus away from the Entertainment division, but has enhanced the brand exposure and market share of the Production division.

As the two brands grew, their commonalities in services and infrastructure continually diverged. Two separate sales forces, two separate operations and fulfillment departments, two sets of logistical processes, and a single accounting department operating two distinct accounting systems eroded the ability of each brand to efficiently deliver their products. As a result (of this brand divergence and increasingly disparate operational structures), economies of scale were not present for future growth. Cost analyses proved that the operation of the business divisions under a single corporate structure was higher than the brands standing as independent businesses.

In order to facilitate a smooth transition for each company’s clientele, marketing arrangements are in place to ensure that all existing contracts are fulfilled. Each company will also adopt new phone numbers. During a business transition phase, Spectrum Productions’ phone system will route callers to the appropriate company.

About Spectrum Productions, Inc.
Spectrum Productions is an Atlanta, Georgia based full service production company that specializes in audiovisual, lighting and custom stage sets for meetings, special events and trade shows delivered nationally and internationally. An extensive in-house inventory as well as an exceptional creative design department and in-house engineers provide fulfillment of all clients needs under one roof. On the net at http://www.spectrumproductions.com/.