HAUPPAUGE, N.Y. and LAS VEGAS, Jan 05, 2005 /PRNewswire-FirstCall via COMTEX/ -- In
deference to the company's long history as a major supplier to the expeditor
market, Audiovox Corporation (Nasdaq: VOXX) today announced the Company's
first mobile video line under the Advent brand, which will be dedicated
exclusively to the car dealer market.
Making the announcement, Tom Malone, Senior VP Sales of Audiovox
Electronics Corporation, the Company's wholly-owned electronics subsidiary,
said, "Audiovox has been a major player in the car expeditor market since the
company's inception, growing that business from its original autosound focus
to remote start and security with our exclusive Pursuit line. With this new
line of Advent mobile video products, we are taking our commitment to this
market to the next level."
He further stated, "This car dealer-specific line of mobile video products
is something the expeditors can truly call their own and it's from the leader
in mobile video. We've taken our number one product line and made it
dealer-special with the first-ever dual screen/dual DVD overhead system."
Malone believes car dealers and their customers are going to love the
ADV285 dual 8.5-inch swivel video monitors with dual DVD players in the same
overhead system, designed to provide optimum viewing for the rear-seat
passengers. Other features include dome lights and an FM modulator. A TV tuner
is optional and models will be available in pewter and shale-the most popular
vehicle interior colors. "We are supporting these products, which represent
the latest in-video technology, with a 48-month warranty, a national
travelers' warranty and exciting new P.O.P. material specifically for the new
car dealer," he states.
The Advent line rounds out with single screen 12, 10.2 and 8.5 inch
overhead drop-down video systems with built-in DVD players and wireless FM
modulators that play through the vehicle sound system. The 12 and 10.2-inch
models include a separate game controller, allowing the user to play over 20
video games.
The Advent custom headrest program, which replaces the factory headrests,
includes two 7-inch screen monitors with two built-in DVD players, built-in
wireless FM modulator, independent A/V switching and two dual-channel
headphones. There are over 100 models available for fourteen vehicle brands.
"With this new line of products, car dealers will not have to compete
against retailers who are actively advertising and selling the number one
Audiovox brand of mobile video. They get the best of both worlds: a high-
quality product from the leader in the field and exclusive distribution,"
Malone said.
About Audiovox
Audiovox Corporation, through its wholly-owned subsidiary Audiovox
Electronics Corporation (AEC) is a recognized leader in the marketing of
automotive entertainment, vehicle security and consumer Audiovox Introduces
electronics products. The company is number one in mobile video and places in
the top ten of almost every category that it sells. Among the products
marketed by AEC are mobile video systems, portable DVD players, flat-panel
TV's, auto sound systems including satellite radio, vehicle security, and
consumer electronics products such as extended range two-way radios, multi
media products like MP 3 players, and home and portable stereos. The company
markets its products through an extensive distribution network that includes
power retailers, 12-volt specialists, mass merchandisers and an OE sales
group. The company markets products under the Audiovox, Jensen, Acoustic
Research, Advent, Code Alarm and Prestige brands. For additional information,
visit our web site at http://www.audiovox.com.
Safe-Harbor Language
Except for historical information contained herein, statements made in
this release that would constitute forward-looking statements may involve
certain risks and uncertainties. All forward-looking statements made in this
release are based on currently available information and the Company assumes
no responsibility to update any such forward-looking statement. The following
factors, among others, may cause actual results to differ materially from the
results suggested in the forward-looking statements. The factors include, but
are not limited to, risks that may result from changes in the Company's
business operations; our ability to keep pace with technological advances;
significant competition in the mobile and consumer electronics businesses as
well as the wireless business; our relationships with key suppliers and
customers; quality and consumer acceptance of newly introduced products;
market volatility; non-availability of product; excess inventory; price and
product competition; new product introductions; the possibility that the
review of our prior filings by the SEC may result in changes to our financial
statements; and the possibility that stockholders or regulatory authorities
may initiate proceedings against Audiovox and/or our officers and directors as
a result of any restatements. Risk factors associated with our business,
including some of the facts set forth herein, are detailed in the Company's
Form 10-K/A for the fiscal year ended November 30, 2003 and Form 10-Q for the
fiscal 2004 third quarter ended August 31, 2004.
2005 CES
LAS VEGAS CONVENTION CENTER
Audiovox-Jensen-Code Systems Booth 11006
Media Contact for Product Inquiries:
Mel Clapman
Clapman Public Relations
(718) 474-2528 or mclapman@mindspring.com
Public and Investor Relations Contact:
Glenn Wiener
GW Communications
(212) 786-6011 or gwiener@GWCco.com
SOURCE Audiovox Corporation
Media Contact for Product Inquiries: Mel Clapman, Clapman Public Relations,
+1-718-474-2528, mclapman@mindspring.com; Public and Investor Relations Contact:
Glenn Wiener, GW Communications, +1-212-786-6011, gwiener@GWCco.com, both for
Audiovox Corporation
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