New Voice Recorders, Cameras, Docking Stations Round out Line;
The Company Introduces First Digital Multi-Media Under Advent Brand
HAUPPAUGE, N.Y. and LAS VEGAS, Jan. 7 /PRNewswire-FirstCall/ -- Audiovox
Corporation (Nasdaq: VOXX) continues to build its digital multi-media presence
with consumer driven line ranging from voice and video recorders to multi-
function cameras and all with built-in MP3 players.
Ralph Etna, Consumer Products Sales VP, indicates the company's response
to the new products in the digital market is driven by consumer preference for
MP3 capabilities. The company has taken that into consideration but has gone
much further. In 2005, Audiovox will introduce a line of products that go
beyond MP3 and address the digital convergence that is driving the market
today. Says Etna, "Convergence is the blending of a variety of new
technologies into single consumer electronics products designed for home and
portable use. In response to that trend we have taken several popular consumer
products and morphed them into some really fun models, with multi-faceted
features in miniaturized configurations."
At the Consumer Electronics Show, Audiovox is introducing nine high tech
digital products that include several MP3 players, a Digital Camcorder/Still
Camera/Voice Recorder and a Voice Recorder with FM radio and Game-Playing
capability. "These products are feature-loaded and performance-driven. We
anticipate a positive reaction as we compete in this market with our first
full line-up of these exciting products," Etna says.
In addition to the Audiovox branded products, the CE Show will also be the
stage for the introduction of the Company's first Digital Multi Media product
offerings under the recently acquired Advent brand. Said Etna, "The new
Advent products will be step up versions with enhanced features, which will
give our distribution chain the opportunity to fill several price points with
different brands -- all from the same source. We believe the consumer
acceptance of the Advent brand will drive sales and give this line a real jump
start."
Highlighting the Company's 2005 offerings are: An Advent MP3 player/1.3
mega pixel camera (Model PVR1256DC). It has a 2.5-inch TFT LCD screen with
256MB embedded memory, FM radio, voice recorder, photo album/game/alarm clock
function and external SD/MMC memory card slot. Other features include 3-hour
video playback, 20-hour audio playback with Lithium Polymer battery. MSRP:
$299.
A 7-in-1 digital camera (Model DC600) camcorder, still camera, voice
recorder, MP3 player, PC cam, SD/MMC card reader and video camera. It features
a swivel 2.5-inch TFT-LCD display, built-in flash and digital effects, auto-
focus technology and is Windows 98/2000/ME/XP compatible. MSRP: $249.
The MP3/WMA/WAV player (Model MP1055HD) with 5GB embedded memory features
FM radio, voice recorder and built-in EQ for Normal/Classic/Rock/Pop/Jazz and
Ultra-Bass playback. Other features include song search while playing music
and data on an 8-line graphic LCD display for Song, Artist, and Track
Information. Playing time up to 16 hours playback with Lithium Polymer
battery. The system is compatible with Windows 98/ME/2000/XP/MAC OS 9.0.x and
10x. Accessories include ear bud, USB cable, software CD and power adapter.
MSRP: $249.
Etna concluded, "Each year we have built upon this product line, offering
more and more digital solutions to this ever changing consumer market. We
believe that 2005 marks a coming of age for Audiovox digital and that we are
now poised to place Audiovox among the top suppliers in the multi media arena.
We have the right product mix, classy packaging and the right programs to
excite retailers and consumers alike."
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 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 MP3 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
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Related links:
http://www.audiovox.com
CONTACT:
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
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