BERING COMPANY BACKGROUND After operating under the Mountain computer umbrella for several years, Bering was aquired along with Mountain by Nakamichi in October 1988. Bering now operates as a division of Ocean Microsystems, Inc., a spin- off from Mountain officially formed in Febuary 1989. It gains gross annual sales of $12,000,000, and employs 45 people. PRODUCTS It sells : Disk drives - (Hard, Erasable optical & Removable) Tape drives - ECHO SERIES *Cartridge/Cassette drives : 40MB HP-IB $1,500 Support 9000 2.4MB/min *8mm : 4920 XL 2.5GB HP-IB Q3,89 $6,895 Support 1000, 3000 & 9000 4950 XL 5GB $9,890 4955 XL 5GB $9,590 (no front panel control features MANUFACTURING Every Bering product is made in the USA. MARKETING Wants to establish a reputation as an innovator in mass storage peripherals for HP computer systems. Slogan for Echo product range : "ECHO series tape drives provide a mirror- image of your companiy's data". Support - Warranty : Each product is covered by a one-year limited warranty against defects in workmanship and materials A 30-day risk-free guarantee is provided. If, for any reason, a Bering product does not meet the customers expectations, it can be returned for a full refund, credit or exchange. Toll-free technical assistance/Free return freight. FINANCIAL Although Bering is an independent company and has no real formal affiliation with Mountain or Nakamichi, it plans to draw on the resources of those companies. PERSONNEL President : Thomas Parkinson Marketing Director: Micheal Smith National Sales Manager: Jay Franz Engineering Director: Stephen Sun