Avalanche Int'l Agrees to Buy JS Technologies, Maker of Suhr Guitar
$11M Deal Struck for World Renowned Guitar and Musical Equipment Manufacturer
Avalanche International, Corp (OTC PINK: AVLP), announced today that it has agreed to purchase JS Technologies, Inc., maker of the world renowned Suhr and other branded musical instruments and electronics for $11 million in stock and cash. The 18-year old U.S. manufacturer of high-end musical instruments and electronics (http://www.suhr.com), based in Lake Elsinore, California, has annual revenues of over $10 million with great growth opportunities domestically and worldwide, driven by over 175 dealers in 49 countries and phenomenal brand loyalty and consumer popularity. Suhr is famed for its product craftsmanship, exotic fine woods and unique designs that provide each customer a very personalized experience. Numerous top artists have used and supported the Suhr brand for over a decade. Upon close of this transaction, JS Technologies, Inc. will operate as a wholly owned subsidiary of the Company with its own independent management team responsible to its new parent.