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Audio Video history
Audio Video company history timeline
In 1981, REX purchased TV & Stereo Town, a 16-store electronics chain with locations in Des Moines, Iowa, and Largo, Florida.
Sales rose 36.7 percent in fiscal 1984 (which ended in January 1984), to $118.7 million.
Rose was interested, but relatively cash-poor: he had saved $150,000 ("by skipping meals and living in a run-down apartment," according to a 1986 Business Week article), but the purchase price was $4.3 million.
In 1989, REX started a more orthodox reorganization: the company reduced its outstanding shares by over half, from 15.7 million to 6.2 million through a stock buyback and self-tender.
Citicorp did, however, acquire about 15 percent of Audio/Video's stock, which it agreed to sell back to the company in 1991.
During fiscal 1995, REX planned to begin test marketing personal computers and related accessories in 20 selected markets with a view toward adding them chainwide.
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Audio Video competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Projection | 1970 | $24.8M | 100 | - |
| Immediate Connections | 1986 | $680,000 | 50 | - |
| Southern Audio Visual | 1947 | - | 150 | - |
| AVMS | 1999 | $22.0M | 326 | - |
| Markey's Rental & Staging | 1959 | $8.5M | 270 | - |
| Wittenbach Business Systems | - | $980,000 | 50 | 4 |
| AudioVisions | - | $1.4M | 15 | 6 |
| Advance Communications Inc. | - | $560,000 | 7 | - |
| Capital Business Systems, Inc. | - | $15.9M | 50 | 24 |
| Copytronix | 1965 | $350,000 | 6 | - |
Audio Video history FAQs
Zippia gives an in-depth look into the details of Audio Video, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Audio Video. The employee data is based on information from people who have self-reported their past or current employments at Audio Video. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Audio Video. The data presented on this page does not represent the view of Audio Video and its employees or that of Zippia.
Audio Video may also be known as or be related to Audio Video and Audio-Video Corporation.