The idea for starting a label was related by electronics inventor Harry Belock (who also worked on sound films in Hollywood in the 1930s) to Roland Gelatt in the February 1959 issue of "High Fidelity": "The more of them I heard, the more I felt that nobody had a good stereo library. So I decided to get into the business myself." The plan was to record repertory that was new to stereo. Belock was very ambitious, and told "High Fidelity" that "We're out to surpass Capitol. We're not shooting marbles." Belock Instrument Corporation, a manufacturer of precision equipment (particularly missile electronics) was the parent of the Everest label 1958-1960 (operated as the Belock Recording Company). Everest would issue its recordings on monaural LP (LPBR 6000 series), stereo LP (SDBR 3000 series), and tape.