Cobra Electronics Announces Election of James Bazet to Chairman of the Board Position

Cobra Electronics Announces Election of James Bazet to Chairman of the Board Position

Carl Korn Retires After 47 Years with Cobra

CHICAGO, Sept. 25 /PRNewswire-FirstCall/ -- Cobra Electronics Corporation (NASDAQ:COBR), a leading global designer and marketer of mobile communications and navigation products, today announced that James Bazet, Cobra's President and Chief Executive Officer since 1998, has assumed the additional role of Chairman of the Board, effective September 24, 2008.

The Company also announced that Carl Korn is retiring after 47 years of service. He is formally resigning from the Board of Directors but has accepted the position of Chairman Emeritus. Korn, 87, founded Cobra Electronics (formerly Dynascan) in 1961. He was President and CEO from 1961 to 1985. He has been Chairman of the Board since 1961. Under his leadership, Cobra grew to achieve worldwide sales of more than $150 million.

Jim Bazet, Cobra's new Chairman and Chief Executive Officer, said, "It has been a privilege and great pleasure to work with Carl serving as both my friend and my mentor. In recognition of his years of devoted service and creative energy to Cobra, the Board of Directors felt that the Chairman Emeritus title was a well-deserved tribute to Carl."

Korn commented, "My time with Cobra Electronics has been an amazing journey. I am very comfortable with this transition in leadership and have the utmost confidence in Jim's abilities to lead our company going forward."

Bazet added, "I am honored to assume the additional role of Board Chairman. We look forward to realizing our growth plans with new innovations in communication and marine products."

About Cobra Electronics

Cobra Electronics is a leading global designer and marketer of communication and navigation products, with a track record of delivering innovative and award-winning products. Building upon its leadership position in the GMRS/FRS two-way radio, radar detector and Citizens Band radio industries, Cobra identified new growth opportunities and has aggressively expanded into the marine market and has expanded its European operations. The Consumer Electronics Association, Forbes and Deloitte & Touche have all recently recognized Cobra for the company's innovation and industry leadership. To learn more about Cobra Electronics, please visit the Cobra site at http://www.cobra.com/.

Safe Harbor

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are subject to risks and uncertainties. Actual results may differ materially from these expectations due to factors such as the acceptance of Cobra's new and existing products by customers, the continued success of Cobra's cost containment efforts and the continuation of key distribution channel relationships. Please refer to Cobra's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K, for a more detailed discussion of factors that may affect Cobra's performance.

Source: Cobra Electronics Corporation

CONTACT: Michael Smith, Senior Vice President and CFO of Cobra
Electronics Corporation, +1-773-804-6281, msmith@cobra.com; or Elizabeth
Dolezal of Financial Relations Board, +1-
-312-640-6771, edolezal@frbir.com, for
Cobra Electronics Corporation

Web site: http://www.cobra.com/

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