MARQUIS JET TURNS UP THE VOLUME WITH BANG&OLUFSEN

New York, NY
October 12, 2004

The Premier Private Jet Card Provider with World Renowned Luxury Consumer Electronics Manufacturer p. Marquis Jet, the global leader in private jet cards sold in 25-hours increments, and Bang&Olufsen American, Inc., the North American provider of high-end home theaters and custom multi-room music systems, today announces a promotional program and strategic alliance that will be implemented in the United States.

Under the terms of the alliance, new Marquis Jet Card Owners will also receive a number of Bang&Olufsen exclusive items, including:* A complimentary, lightweight designer Bang&Olufsen earphone – known as EarSet 1 – for mobile phones that provides the ultimate in sound and comfort along with adjustment capabilities to fit any ear. EarSet 1 Mobile is crafted from anodized aluminum and hard rubber, giving it both flexibility and robust durability that can accommodate any mobile phone type.

• Bang&Olufsen (B) will offer a designer Bphone with any first purchase by a Marquis Jet Card owner when they show their Marquis Jet Card
• A complimentary home consultation from a trained Bang&Olufsen specialist for a customized and totally integrated home theater system
• VIP treatment from Bang&Olufsen, including exclusive previews to the latest products, private shopping and invites to exclusive Bang&Olufsen events

Current Bang&Olfusen clients will receive a special invitation to become a Marquis Jet Card Owner. With the purchase of their first Marquis Jet Card, Bang&Olufsen clients will receive valuable benefits on future Bang&Olufsen product purchases.p. Bang&Olufsen America, Inc. is outfitting the NetJets airport owner lounge in White Plains, N.Y. with a customized home theater system including a state-of-the-art plasma television and sleek audio system. Additionally, joint marketing initiatives and co-sponsored events are planned for 2005.p. “Marquis Jet is extremely pleased to partner with Bang&Olufsen, who have long established themselves as the leader in their field,” said Ken Austin, Executive Vice President of Marquis Jet. “This value-added partnership affirms our commitment to bringing premier-quality products and services to our discerning owners who have come to expect the best.”p. Kim Gravesen, Executive Vice President of Bang&Olufsen America Inc., states, “Since our inception in 1925, Bang&Olufsen has always focused on providing the ultimate lifestyle user experience. We are therefore pleased to partner up with such a highly reputable brand and well respected business partner as Marquis Jet.”p. The Marquis Jet fleet is provided by NetJets through an exclusive alliance between the two companies. NetJets, a Berkshire Hathaway Inc. (NYSE: BRKa) company, is the worldwide leader in fractional jet ownership. NetJets owns the world’s largest and most diversified fleet of more than 500 aircraft, staffs 2,800 highly trained and experienced pilots, and provides the world’s safest and most secure private aviation travel solutions. The Marquis Jet Card provides access to the NetJets fleet in 25-hour increments for one simple payment.

ABOUT MARQUIS JET

Marquis Jet is the global leader in hourly private jet cards, starting in increments of 25 hours. Through its exclusive alliance with NetJets, Marquis Jet provides the convenience, quality and safety of the world’s premier fractional aircraft ownership program 25 hours at a time. The Card is available throughout North America and Europe, catering to businesses and individuals who desire access to the world’s best fleet and service. In 2004, Robb Report, Business Traveler Magazine and Flight International honored the Marquis Jet Card as the best in the industry. For additional information, visit the Company’s website at www.marquisjet.com .

ABOUT BANG&OLUFSEN AMERICA INC

Headquartered in the Greater Chicago area, Bang&Olufsen America Inc is a fully owned subsidiary of Bang&Olufsen a/s of Struer Denmark. It was found in 1972 and development for 58 retail outlets in the continental US, Mexico, Dominican Republic and Canada.

Bang&Olufsen is world renowned for its distinctive range of designed and highly durable consumer electronic products sold in over 40 different countries worldwide. For more information visit www.bang-olufsen.com .