|By Business Wire||
|February 4, 2014 08:15 PM EST||
Forward Looking Statements have been added after last graph of release.
The corrected release reads:
PLAYBUTTON CORPORATION AND TAIDA COMPANY LLC MERGE TO FORM COMHEAR, INC.
Playbutton Corporation, an audio wearables company that connects brands with their customers through their product, the Playbutton™, and Taida Company LLC, an audio processing and wearables company, today announced that they have merged to form Comhear, Inc.
Taida produces revolutionary eco-friendly memory bio-foam eartips for in-ear headsets called EarPuffs®, an over-the-ear bio-foam headset earpad called EarTOP™, and audio enhancement and immersion software called KAP™ (Kinetic Audio Processing). Playbutton is an audio wearables company that creates the Playbutton product, a patent-protected, fully customizable music player in a branded, wearable button. The Playbutton is the first product to offer the combination of a digital audio player combined with HD Audio music in one fashionable and wearable button.
“We are pleased to be putting together a great combination of talent, services and products for the digital audio wearables space,” said Randy Granovetter, founder and CEO of Taida, now CEO of Comhear. “This winning combination will provide services and products that feel good and sound great.”
According to IMS Research, the wearables market is poised to grow from 14 million devices shipped in 2011 to as many as 171 million units shipped by 2016. In a more recent estimate, ABI Research pegs the wearables market at 485 million annual device shipments by 2018.
“We see this symbiotic merger to be of great value to our business, clients and shareholders alike,” said Adam Tichauer, President of Playbutton. “We are extremely excited for the future of our new company and are working to quickly integrate our teams.”
Comhear will keep and expand its existing brands, services and products, including Playbutton, EarPuff and KAP.
About Comhear, Inc.
Founded in 2013 by the former founder and CEO of Jabra, Randy Granovetter, Comhear, Inc. is a Digital Audio Wearables products, software, and services company. Its new wearables category is defined as “In the Service of Sound” and the company produces “Audio that Feels Good, Sounds Great, and is Good for You!” The company’s product lines include the EarPuff technology based on proprietary patented BioFoam™, Kinetic Audio Processing (KAP) technology which is a perfect complement to EarPuff, and its Playbutton line of products. For more information, visit http://www.comhear.com and http://www.playbutton.com.
Forward Looking Statements
This press release contains forward-looking statements concerning ComHear, Inc. within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Those forward-looking statements include statements regarding the expected growth of the wearables market and expectations for the combined operations of Taida and Playbutton. Such statements are subject to certain risks and uncertainties, and actual circumstances, events or results may differ materially from those projected in such forward-looking statements. Factors that could cause or contribute to differences include, but are not limited to, risks related to general economic conditions effecting the wearables market, risks and issues involved in the integration of the operations of Taida and Playbutton, the availability of working capital as and when needed, and those other risks set forth in ComHear’s registration statements and reports on file with the SEC. ComHear, Inc. cautions readers not to place undue reliance on any forward-looking statements. ComHear, Inc. does not undertake, and specifically disclaims any obligation to update or revise such statements to reflect new circumstances or unanticipated events as they occur.