Thought I'd chime in on this. I just received a GM-70 monoblock amp from SAC Thailand (to pair with my Hawthorne Audio Trio Open Baffle Speakers) and am very impressed. The sound of the GM-70 tube is big, bold and immediate. It may not be as nuanced as some of the smaller SET tubes but the presence is addictive. Bass is not lacking at all. The sonic signature is the same played at low or high volume. I've ordered a pair of copper plated GM70 tubes to see how they compare with the stock graphite ones. The 38W amp easily drives the Hawthornes. In fact, it seems much more pwoerful than the power rating. Great option for those out there who want to use a SET but don't have HE speakers.
The first GM-70 I heard was from Shindo. I absolutely love the amp but can't afford the asking price. Dehavilland is a bit cheaper but still well over $10K. I took a chance on SAC Thailand after looking at their web site. I could not find many independant reviews on any of their products. I have, though, seen a few positive comments about their transformers which they manufacture themselves.
Anyone looking for a reasonably priced GM-70 amp should check them out. I was able to get my custom made GM-70 for under $5K. Time from order to delivery was about 2 months. The owner promptly answered all my questions via e-mail - most of them next day. Service so far has been very good as well. One of the GM-70 tubes broke in transit from Thailand. He Fedexed a replacement to me right away without any hastle.
I have not heard much about them on audiogon so I thought I'd pass along my $.02. My take is that they a very good outfit flying under the radar. Usual disclaimer applies - I have no financial or other interest with SAC Thailand.