Russound Sells Colorado vNet
Russound announced Wednesday that it has agreed to sell Colorado vNet Corp to a new company created by former VP of sales and marketing Mike Anderson.
The sale is part of a plan, the company said in a statement, to get "back on track with its core business delivering high value electronics, speakers and accessories to the residential and commercial systems integration channels." The company is also seeking a new vice president of sales to replace Anderson.
Anderson plans to relocate Colorado vNet's operations to Florida in June.