'Difficult Business Times'

" That's John -- played -- Paul reed Smith guitarist boxers gonna come a job I believe it or not he RS guitars. One of the -- electric guitar makers in the world crossing over to the acoustic version. Just before the economic collapse. That's a decision -- taken a turn for the worse our research team took a look at the situation. -- tough to track these numbers across the music industry but here's what we find. Industry analysts say that music product sales fell by about five and a half percent last year acoustic guitar sales dropped about 8%. Electric guitars sales down but not nearly as bad about 6%. So we sent Brian Wilson he's. Brian Wilson is on the job on today United States -- Marilyn good morning right."

" Hey good morning to you Bailey -- if you play guitars as I do then you would know that I'm happy as a pagan -- today because we're here in the ERS factory. Where they make as you said some of the finest electric guitars in the world. I don't like a lot of people a lot of small businesses. The people who make electoral guitars and acoustic guitars have had sort of a tough time of it. Now PRS stands for Paul reed Smith. And -- circles he's sort of a big deal. Andy's here with us now Paul. How hard has it been for you in this down turned economy and you were building a brand new factory when things sort of fell out fell apart well it's it's built now. I've never seen anything like it. It's been one of the most difficult business times -- experience from working seven days a week I looked at my wife let's that you're not gonna -- for months. Part of the factory you have it opened up yet you decided to wait a little while. Had to let some people go yeah we had about 15% or work or go it was a very difficult day you think of these folks -- spam. That was -- And on. Everybody else is on -- four day work week. But we're fighting back and it's going better. Right now as you look doubted it has the advantage of its kind better as you look down the path to the future he's -- at the end of the tunnel. I think we've seen the worst but mysterious thing was it was getting worse by the day and we didn't know when it was -- stop it's gotten a little better. We had 1700. People come from all over the world to our open house here which was a good sign. All of our artists -- to help we've got lots of new models -- a lot of things are going on. That are positive but I'd say we've seen the worst of it and it looks more stable to -- now. Now one of the things that Paul has done is develop an acoustic -- thought -- electric guy and a little bit later. I and the broadcast -- we're going to show you some of those acoustic guitar and talk about the challenge of launching a new line in the down economy. But we're here at the PRS factory and stevens' bill Maryland bill back here and -- bring one back bill."

" Indeed happen it's got it is 630 years ago at a loss well it's beautiful -- is workers back. If it gets better Bryant hit a lot about -- company saying that we've laid off our employees in that it's not going to be a job and I ask you again. -- isn't if you if you get if things get better we bring those folks back that you had the -- I don't know the answer to that question. It's. I can't answer that question you don't I don't know I don't know I would love to bring them all back today but I don't know I'm sure a lot of -- jobs. There you go bill got -- Brian thank you report -- throughout the day enjoy it okay rocket because you pick but I know your guy up if you enjoy this stuff. Thank about it about."