S&S Sound

swinfo@g2g.com swinfo@g2g.com
Wed, 04 Dec 1996 10:06:41 -0500


Dear List,

Just writing to clarify the ownership issue.

Steinway & Sons was sold by the Birmingham's to a pair of private investors in
1995.  The two men, Dana Messina and Kyle Kirkland, had previously purchased
Selmer and used the same holding company when they bought Steinway.

This past August the two decided to take the combination of Selmer and
Steinway public under the name Steinway Musical Instrumets.  The stock trades on
the New York Stock Exchange with the symbol "LVB" (Ludwig von Beethoven, in case
you were wondering).

The important thing to note is that throughout these changes in ownership the
management structure of both companies has remained the same.  Steinway and
Selmer continue to operate as seperate and distinct entities.

On the issue of the parts department chaging policies or procedures, remember,
they would have to go through Glorie.

I hope this clears things up.  If anyone has any, more in-depth, questions
please send them to us directly at "swinfo@g2g.com".

Yours,
STEINWAY & SONS

Stephen K. Dove






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