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BASSETT FURNITURE AND BOSTON ACOUSTICS’ “NVELOP™” CREDENZA RECOGNIZED AS ONE OF THE “100 BEST NEW HOME PRODUCTS OF 2011” BY THIS OLD HOUSE

NVELOP™ TV Cabinets Feature Powerful Built-In Soundbar and Powered Subwoofer,
With Immersive Surround Sound from Boston Acoustics, iPod Hookup and More
-- Boston Sets the New Standard for Performance and Value;
Peabody, MA and Bassett, VA, December 15, 2011 -- Bassett Furniture (NASDAQ: BSET), a leading manufacturer of high-quality, mid-priced home furnishings and Boston Acoustics®, a world-renowned manufacturer of innovative home entertainment solutions and high performance loudspeakers, are proud to announce that the NVELOP Louis Philippe TV credenza has been selected by This Old House for the “TOH Top 100” list of the 100 best new home products of the year. The NVELOP Louis Philippe brings together renowned Bassett craftsmanship with advanced Boston audio technologies. To select the TOH Top 100, This Old House editors hunted high and low to find the most unique, helpful, and coolest home products in seven categories: Kitchen, Bath, Tools, Building Products, Outdoor Living, Home Tech, and Finishing Touches. The 2011 list marks the first annual “TOH Top 100” and includes items for people who love old houses and appreciate new and interesting ways to fix them up. In addition to the Louis Philippe NVELOP credenza, which was honored in the “Home Tech” category, winning products included insulation made of recycled plastic bottles, a faucet that turns on with a simple wave of your hand, an automatic floor cleaner, paperless wallpaper and a deck whose boards require no fasteners. A complete list of the “TOH Top 100” can be found at www.ThisOldHouse.com/top100 and on newsstands.
The introduction of the NVELOP TV cabinet line earlier this year marked the first time Boston Acoustics or Bassett had partnered with a company in their respective industries. The result was the exceptionally crafted wood NVELOP™ cabinets feature a powerful built-in Boston Acoustics soundbar system with Boston’s Digitally Optimized Virtual Surround that literally envelops viewers in rich, room-filling audio. There are four new credenzas in the NVELOP™ lineup, including two Louis Philippe models, the TOH Top 100 winning large version (75”Wx22”Dx38”H), as well as a smaller Louis Philippe version (57”Wx22”Dx38”H) and two Redin Park models, large (69”Wx22”Dx39”H), and small (50”Wx20”Dx32”H). NVELOP™ credenzas are now available at Bassett Home Furnishings stores, Bassett retailers and online at bassettfurniture.com
Unprecedented Combination of Home Entertainment Form and Function
The new NVELOP credenzas bring together the fine craftsmanship and cabinetry of Bassett Furniture with the legendary sound of Boston Acoustics loudspeakers, and the result is an extraordinary combination of home entertainment form and function. In addition to the sheer elegance of the finely crafted Bassett Furniture pieces, NVELOP credenzas offer users a variety of design and performance attributes such as:
  • Built-in 150-watt Boston Acoustics soundbar and powered subwoofer system with Boston’s exclusive Digitally Optimized Virtual Surround processing for pinpoint theaterlike, surround effects;
  • Powerful 6” subwoofer (hidden inside the cabinet itself) delivers the deep bass response required for true home cinema and a more powerful music or gaming experience;
  • Built-in mini-stereo jack in a convenient drawer for iPods, MP3 players, and computer audio connection;
  • Specially vented shelves for placement of additional audio and video components;
  • Built-in 4-outlet power strip for simple wire management and no clutter;
  • True acoustically transparent cloth grille for added sound quality;
  • Specially designed rubber acoustical gaskets on the back furniture panels.
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About Bassett Furniture
Bassett Furniture Industries, Inc. (NASDAQ:BSET), is a leading manufacturer and marketer of high quality, mid-priced home furnishings. With 88 licensee- and company- owned stores, Bassett has leveraged its strong brand name in furniture into a network of corporate and licensed stores that focus on providing consumers with a friendly environment for buying furniture and accessories. Bassett’s retail strategy includes affordable custom-built furniture that is ready for delivery in the home within 30 days. The stores also feature the latest on-trend furniture styles, more than 750 upholstery fabrics, free in-home design visits, and coordinated decorating accessories. For more information, visit the Company’s website at bassettfurniture.com. (BSET-G)
 


About Boston Acoustics
Founded over 30 years ago, Boston Acoustics is a world-renowned leader in high-performance loudspeakers, tabletop products, and advanced car audio systems. The company’s commitment to creating the best possible home entertainment experience is reflected in its advanced product design and engineering, which allows customers to enjoy high-performance audio while expressing their personal style and tastes. For more information on the company’s full range of advanced products, please visit BostonAcoustics.com.
 


About This Old House
This Old House Ventures Inc. is America’s premier home enthusiast brand, netting 50 million multi-media impressions each month through its award-winning television, print, and web properties. The leading consumer publication for home how-to and inspiration, the awardwinning This Old House magazine currently has a circulation of 950,000 and reaches an audience of almost six million. In 2011, This Old House was named to Ad Age’s prestigious A-List.
About D&M Holdings Inc.
D&M Holdings Inc. is a global operating company providing worldwide management and distribution platforms for premium consumer, automotive, commercial and professional audio and video businesses including Denon®, Marantz®, McIntosh® Laboratory, Boston Acoustics®, Snell Acoustics, Escient®, Calrec Audio, Denon DJ, Allen & Heath, D&M Professional and D&M Premium Sound Solutions. Our technologies improve the quality of any audio and visual experience. All product and brand names with a trademark symbol other than “NVELOP” are trademarks or registered trademarks of D&M Holdings, Inc. or its subsidiaries. For more information visit, www.dm-holdings.com.
 
DISCLAIMER
Statements in this news release that are not statements of historical fact may include forward looking statements regarding future events or the future financial performance of the company. We wish to caution you that such statements are just predictions and that actual events or results may differ materially. Forward looking statements involve a number of risks and uncertainties surrounding competitive and industry conditions, market acceptance for the company's products, ability to meet targeted product release dates, risks of litigation, technological changes, developing industry standards and other factors related to the company's businesses. The Company reserves all of its rights. 
 
Media Contacts:
Boston Acoustics, Inc.
DBA Public Relations
Christina Colon
212-388-1400
ccolon@dba-pr.com

Bassett Furniture
Jay Moore
276-629-6450
jsmoore@bassettfurniture.com