CRL Settles Debts With Harman - Radio World

CRL Settles Debts With Harman

Circuit Research Labs Inc. has closed on a purchase agreement with Harman Pro North America, thus putting to bed debts left from the sale of Orban Inc. seven years ago.
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Circuit Research Labs Inc. has closed on a purchase agreement with Harman Pro North America, thus putting to bed debts left from the sale of Orban Inc. seven years ago.

As reported in this week's Leslie Report, CRL paid $1.5 million cash for its promissory notes and shares owned by Harman. The buyout was funded by Jayson Russell Brentlinger, father of President/CEO Jay Brentlinger.

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