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Gizmodo ran this profile of young engineers developing their own in-ear monitors.

http://www.gizmodo.com.au/2013/06/meet-the-aussie-school-kids-who-are-building-their-own-headphone-empire/

 

Surprisingly, they are actually taking orders, and even more surprisingly, it looks like they have a quality product for a very reasonable price ($25 -- can't tell if that's US dollars or Australian dollars -- either way, not bad!)

http://www.sacredsoundaudio.com