NEWTECH HOLDINGS ACQUIRES CRAIG ELECTRONICS FROM NOVA WILDCAT FUND

Signs Distinctive Distribution Agreements for Philco and Philips Manufacturers

MIAMI, Nov. 23, 2022 /PRNewswire/ — Newtech Holdings (“Newtech”) announced today that it has obtained leading shopper electronics company Craig Electronics, headquartered in Miami, Florida. In furtherance of that investment decision, Newtech has also acquired exclusive distribution agreements for Philco customer electronics merchandise and Philips DVD players in North The usa.

Newtech Holdings acquires major purchaser electronics firm Craig Electronics, headquartered in Miami, Florida.

Craig Electronics is a primary shopper electronics innovator which features a total one particular-end buyer technologies and electronics answer for national big box, food items and drug, club, and mass retail distribution. Craig conducts business enterprise beneath a portfolio of brand names which features Craig (owned) and Magnavox (certified), as very well as various personal label associations. Newtech’s senior administration beforehand owned and operated Craig Electronics prior to effectively selling the organization in 2019.

“We are beyond thrilled to be reacquiring a small business that is section of our DNA,” reported Michael Newman, CEO, Newtech. “We search forward to functioning intently with our supplier partners to deliver the remarkable level of assistance that our core team of retail prospects assume and ought to have from us when focusing on the expansion of our e-commerce business enterprise system for supplemental customer products and solutions.”

“Newtech’s extra acquisition of special distribution legal rights for Philco buyer electronics products and Philips DVD gamers in North America will deliver us with remarkable manufacturers and a merchandise portfolio to travel advancement whilst we glance for a lot more client merchandise businesses to purchase,” explained Todd Richardson, president, Newtech.

About Craig Electronics

Originally launched in 1963, Craig has been the most trustworthy price conscious consumer electronics model for around 50 decades. Our mission is basic – to always arrive to the market with the most recent and biggest systems and most on-craze products at cost-effective price ranges though always exceeding your high-quality anticipations. Our mission is in no way-ending and our very long heritage as the leader in on-development price mindful customer electronics is testomony that our mission has been, and proceeds to be profitable. For much more details, go to: https://craigelectronics.com.

About Newtech Holdings

Owned and operated by a senior administration workforce with above fifty years of working experience in the shopper solutions small business throughout various types, Newtech seeks to blend consumer items companies with the money and knowledge they want to generate their organization into the long run.

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Alpine 4 Holdings (ALPP) Acquires RCA Business Electronics, a Continuation from the American Conglomerate Established in 1919

PHOENIX, Dec. 13, 2021 /PRNewswire/ — Alpine 4 Holdings, Inc. (Nasdaq: ALPP), a primary operator and proprietor of compact industry organizations, declared nowadays that it has obtained RCA Commercial Electronics (RCA) of Indianapolis, Indiana, and its running entity DTI Services.

RCA Commercial Electronics is the continuance of the US-centered legacy conglomerate RCA Company which dominated the electronics market in the 20th century. DTI Solutions acquired the legal rights to the RCA brand name in 2006 to style and design and establish products for the Hospital, Lodging, Instruction, and Institutional markets. In 2018, DTI Products and services acquired the whole lighting division of LG which includes all IP for wise lights products and solutions, also now bought below the RCA banner.

www.rcaled.com

www.rcacommercialtv.com

The RCA Corporation, an American electronics enterprise, was founded as the Radio Company of The us in 1919 and headquartered in Indiana. It was originally a patent have confidence in owned by Common Electric (GE), Westinghouse, AT&T Company, and United Fruit Business. As a corporation whose beginnings derived from patents, it promptly became the gold common of innovation around the earth. As the dominant electronics and communications company in the United States for over five a long time, RCA was at the forefront of the rapidly rising radio industry in the early 1920s as a important maker of radio receivers and the exceptional company of the 1st superheterodyne sets. Also, RCA designed the very first nationwide American radio network, the Countrywide Broadcasting Business (NBC). The corporation was also a pioneer in the introduction and growth of tv, the two black and white and specially color. RCA grew to become the chief in buyer satellite know-how and is the legacy program that is now acknowledged as DirectTV.

In the 1970s, RCA diversified into a multinational conglomerate, and in December 1985, it was announced that GE would reacquire its former subsidiary for $6.28 billion in money, or $66.50 for every share of stock. The sale was concluded the up coming calendar year, and even with original assurances that RCA would keep on to run as a mainly autonomous device, it was disclosed that GE’s main inspiration in purchasing RCA was to get the NBC Television Network which RCA owned GE proceeded to offer off most of the other RCA property. In 2004, the RCA brand was bought off to Technicolor SA, a French conglomerate. A person of the most significant Tv distributors of RCA’s previous Television division, and one particular of RCA’s lead engineers approached Technicolor to license the name from Technicolor to continue on the RCA brand as RCA Professional.

Kent B. Wilson, Alpine 4’s CEO, had this to say: “There are quite handful of moments in lifestyle exterior of staying a mum or dad, the place everyday living presents something of tremendous gravity that you have the prospect to be the caretaker of. This acquisition signifies one of these times in time. I, and by extension Alpine 4, are unabashedly very

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