|This company has recently filed for protection under Chapter 11 of the U.S. Bankruptcy Code.|
Tweeter Home Entertainment Group, Inc. (Tweeter) is a specialty consumer electronics retailer providing audio and video solutions for the home and mobile environment. As of September 30, 2006, the Company operated 153 stores in 22 states under the Tweeter, Sound Advice, hifi buys and Showcase Home Entertainment names. These included 116 Tweeter stores located in New England, the Mid-Atlantic, the Southeast, Chicago, Texas, Southern California and Las Vegas; 24 Sound Advice stores in Florida; 9 hifi buys stores in the Southeast, and 4 Showcase Home Entertainment stores in Phoenix. The Company operates in a single business segment of retailing audio, video and mobile consumer electronics products. In June 2007, the Company filed voluntary petitions for reorganization under Chapter 11 of the United States Bankruptcy Code. In July, 2007, Schultze Asset Management, LLC acquired Tweeter.