Gibson Guitar and TC Group to Merge

January 22, 2008

Anaheim, CA - Jan 18, 2008 - Gibson Guitar and TC Group have announced plans to merge. The TC Group, headquartered in Risskov, Denmark, develops and manufactures amplifiers, speakers, digital processors, guitar pedals and other pro audio and MI products.

The plans are in the preliminary stages right now. Under the terms of the merger, TC's Anders Fauerskov will remain in Europe, and serve as chief operating officer of the new combined Gibson Guitar. The two companies expect to finalize the deal by the end of February 2008.

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