Chief Manufacturing, Inc. Announces Merger with Sanus Systems

SAVAGE, Minn. - Oct. 20, 2004 - Chief Manufacturing Inc., an industry leader in technology mounting solutions for the professional and home theater audiovisual market, and Sanus Systems, a leader in retail audio/video furniture, mounts and accessories systems, announced today that they have merged. The combined expertise and market leadership of these two companies creates a complementary opportunity that will enable both to be a cost effective and customer-oriented leader across all markets they serve.

"We are pleased to bring Sanus Systems into the Chief family," stated Dale Glomsrud, president and CEO of Chief. "The merger will bring the leader in professional audiovisual mounting solutions with the leader in retail and home theater audio/video solutions together and further leverage our commitment to significantly grow and serve our customers."

"In looking at the present success and future of Chief and Sanus Systems, we saw an opportunity to grow our product development capabilities and breadth of product offerings and are very pleased with the merger," said Jim Wohlford, president and founder of Sanus Systems.

Glomsrud will be leading the combined company as President and CEO.

About Chief Manufacturing
Chief Manufacturing Inc., an industry leader in technology mounting solutions, has over 25 years of proven product and service excellence. Committed to responding to industry needs in the ProAV, Home Theater, Residential and Workstation markets, Chief offers a complete line of mounts, lifts and accessories for flat panel displays and projectors.

Chief continues to manufacture and design innovative mounting solutions that complement the technology they support. With multiple product awards and patented designs, Chief provides unique mount features, and is recognized for delivering not only quality products, but knowledgeable, helpful customer service.

U.S. and Europe sales offices, support a global network spanning the Americas, Europe, the Pacific Rim and beyond. Chief distribution centers are located in Minnesota, Netherlands and Taiwan. www.chiefmfg.com

About Sanus Systems
Sanus Systems designs and builds a broad range of audio/video furnishings, mounts and accessories that will satisfy even the most demanding audio/video enthusiast or interior designer. Every Sanus product is engineered to enhance both the A/V system and the surrounding decor. Today Sanus offers over 200products, including home theater units, TV stands, audio racks, wall mounts and speaker supports. Sanus Systems is located in Minnesota and Sanus products are available at thousands of retail locations nationwide; a store locator is available at www.sanus.com .