Audiovox Introduces Four XM Satellite Radio Models
Audiovox Introduces Four XM Satellite Radio Models
The Company Reinforces Its Position in the Satellite Radio Market by Acquiring Satellite Radio and High Definition Related Technologies of Terk Technologies Corp.
HAUPPAUGE, N.Y. and LAS VEGAS, Jan. 6 /PRNewswire-FirstCall/ -- Tom Malone, Senior VP, Sales of Audiovox Electronics Corporation (AEC), a wholly owned subsidiary of Audiovox Corporation (NASDAQ:VOXX) announced today the introduction of four XM satellite radio models, saying that these products would expand the sales and profit options in satellite radio for Audiovox's retailers. Malone also announced that AEC, in December, signed a letter of intent to acquire certain assets comprising the business of Terk Technologies Corp., a leading provider of satellite radio receivers and digital antenna products. The Company has an agreement in place to provide existing and develop future car stereo aftermarket products for XM.
The competition among the two satellite radio companies has given this emerging format an expanded public awareness. Both companies continue to sign personalities to enhance their content options, the most recent for XM being Opie and Anthony. "We are enthusiastic about being part of the XM solution, and feel that the continuing growth of this medium will result in a successful partnership between Audiovox and XM," said Malone.
The new XM Models are:
Receiver XR9 Receiver featuring a digital
wireless FM transmitter with 14 built-in
selectable frequencies, small low-
profile design, large 6-line LCD display
with blue backlighting. Other features
include memory capture which stores 24
favorite songs and when activated will
search all incoming channels for those
songs, listing and search-ahead
capability by channel name, artist name,
or song title, scrolling sports scores
and stock ticker and time-based
functions including on-screen clock,
alarm and sleep timer. MSRP: $99.
Docking Stations XC9 Mobile Dock: Features include sleek,
low-profile, adjustable mounting
bracket, small magnetic roof-mount
antenna, cigarette lighter power
adapter, 3.5mm jack for direct connect
to aftermarket radios via RCA input*.
MSRP: $49.99 * SATRCA needed.
XH9 Home Dock: A counter-top, desktop
docking station featuring AC-DC power
adapter, RCA adapter cables and
adjustable indoor-outdoor antenna with
21-foot cable. MSRP: $49.99.
Boom Box XB9 BoomBox: The "take-anywhere" answer
for satellite radio service wherever
it's needed. Works as a portable with 8
D-cell batteries or indoors with
supplied AC-DC power adapter. The unit
also has a built-in charging circuit
that can be used with off-the-shelf
rechargeable batteries. Features Class-D
amplification for enhanced sound
reproduction, digital volume control
with remote volume capabilities and Aux
input for MP3 (or other peripherals)
hookup. Additional features include
headphone output. LED indicator for
power On and Low Battery alert.
Integrated antenna with 21 feet of cable
is removable when BoomBox is used
indoors. MSRP: $99. (Available Early
2005)
A "Combo Kit" which combines a receiver with a mobile docking station will be available in the XM format (XCS9) at MSRP $149.99.
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 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.
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
CONTACT: Media - Mel Clapman of Clapman Public Relations,
+1-718-474-2528, mclapman@mindspring.com; Investor Relations - Glenn Wiener of
GW Communications, +1-212-786-6011, gwiener@GWCco.com, both for Audiovox
Corporation
Web site: http://www.audiovox.com/
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