Add-on Acquisition • Retail

Modern Technology Acquires Sound City

On February 1, 2005, Modern Technology acquired retailer Sound City for 2M USD

Acquisition Context

This is Modern Technology’s 1st transaction in the Retail sector.
This is Modern Technology’s largest (disclosed) transaction.
This is Modern Technology’s 1st transaction in the United States.
This is Modern Technology’s 1st transaction in New Jersey.

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M&A Deal Summary
Date	February 1, 2005
Target	Sound City
Sector	Retail
Buyer(s)	Modern Technology
Deal Type	Add-on Acquisition
Deal Value	2M USD

Target Company

Sound City

Towaco, New Jersey, United States

Sound City, Inc. is a consumer electronics retail company. It provides a wide range of custom home installations addressing numerous applications.

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Buyer Overview 1

Buyer

Modern Technology

Reno, Nevada, United States

Category	Company
Founded	1982
Sector	Business Services
Revenue	11M USD (2006)

DESCRIPTION

Modern Technology Corp. is a business development and acquisition company. It provides business infrastructure, substantial intellectual capital, strategic investments, and ongoing support and revenue growth assistance to each individual company.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Retail	1 of 1
Type: Add-on Acquisition	1 of 1
State: New Jersey	1 of 1
Country: United States	1 of 1
Year: 2005	1 of 1
Size (of disclosed)	1 of 1

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