A Penco A22M may or may not have an adjustable saddle via thumbscrews. There is bit of variance between the Penco acoustic models depending on what year the guitar was manufactured. The Ibanez line was distributed on the West coast of the U.S., the Greco was exclusively for Japan, and Penco was distributed on the East coast of the U.S. These were identical to the Ibanez Destroyer and the Greco Destroyer of the same period. The Penco brand was also put on "lawsuit" Korina-finished Explorer styled guitars. They also made excellent 12 string acoustic guitars. Penco also made bolt neck copies of Les Paul electrics, SG guitars and basses, Rickenbacker 4001 basses, Stratocaster/Telecaster copies and the odd mandolin and banjo. Reverse engineered and built to spec, Penco produced some of the closest replica's of the Martin D-28, D-41, D-45, and D-45 12 models in existence today. All their acoustic guitars were laminate. The Penco brand was of relatively high quality, however their acoustics were all laminates (meaning they had a laminate top, back, & sides.) Penco made Martin and Gibson style acoustic guitars. Penco was a brand of guitars manufactured circa 1974 to 1978 in the same factory (Hoshino Gakki) in Japan as the Ibanez guitars and was distributed by the Philadelphia Music Company.
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