Wednesday January 22nd, 2002

Baldwin takes traditional beauty and style to exotic level

With two new exotic wood pianos, Baldwin introduces a series of special limited-run instruments planned for 2002. The R-1 Artist Grand, Baldwin's best-selling model, was chosen to showcase the dramatic wood grain and exotic beauty of highly polished Bubinga (Kevazingo wood) and Indian Rosewood.

"These new exotic finishes enhance the innate beauty of a Baldwin grand and meet a growing demand for limited-edition and one-of-a-kind pianos," said Henry Juszkiewicz, chairman and CEO of Gibson Guitar Corp., which acquired Baldwin in November 2001. "Moreover, they illustrate the first steps toward our goal of taking a great company to even greater heights."

Baldwin, founded in 1862 in Cincinnati and now headquartered in Nashville, is the leading American piano maker. Baldwin is the piano of choice for a diverse group of influential musicians, composers and conductors, including Bruce Hornsby, Dave Brubeck, Michael Feinstein and John Williams. The company celebrates its 140th anniversary in 2002 with a continuing commitment to American craftsmanship that has made Baldwin pianos the ultimate in beauty and style.

The Bubinga (R1 HPB) and Indian Rosewood (R1 HPR) models, along with more fine Baldwin instruments, will be showcased at NAMM in the Gibson booth, Room 201CD.

For more information on the new Exotic Wood Pianos, and the entire Baldwin line, please visit www.baldwinpiano.com.

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Contacts:

Jason Padgitt, Rogers & Cowan, 310 201 8840, jpadgitt@rogersandcowan.com

Walter Carter, Gibson Guitar Corp., 615 871 4500, ext. 2268, walter.carter@gibson.com