"Our company was originally founded in 1953 by my parents Nancy and John Koss as
Michael Koss went on to explain that his mother believed so much in John Koss and his plan to rent televisions to hospital patients, she allowed him to risk their entire life savings to purchase fifty broken-down televisions for repair.
"It was clearly a 'Mom-and-Pop' operation at the beginning. If Mother had been skeptical, Dad's first idea might have been slid to the back burner."
In 1958, Nancy's unwavering faith helped create a product that changed the way people listen to music: the World's First SP/3 Stereophone.
"Mother helped bake Royalite earcups for the headphones in her kitchen oven before cooking meals for father's musician friends who gathered in the basement to assemble those first models. I suppose that made her our first head of production at the same time that she was busy producing five children."
Michael Koss explained that Nancy Koss had five children in six years, and went on to become a Grandmother to fifteen grandchildren and nine great-grandchildren.
"My folks met and dated as teenagers, and were married for nearly sixty-six years," Koss continued. "She was father's soul-mate and the perfect mother."
Born in Milwaukee, Wisconsin, Nancy Koss attended
"Mother's legacy lives on through her family and through the company she helped bring to life," Michael Koss said. "She played an instrumental role in creating our American Dream."
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/830693fd-3ce5-40a2-87ec-a75becb4b033
The photo is also available via AP PhotoExpress.
|CONTACT:||Michael J. Koss|
|Chairman & CEO|
Source: Koss Corporation