Audiovox Corporation
 

As of: May 15, 2008
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www.audiovox.com

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Investor Relations

Investor Relations Contact:

Glenn Wiener
212-786-6011

Audiovox Corporation has been publicly traded since 1987 (NASDAQ: VOXX).

Located in Hauppauge, New York the company was founded in 1965 in the car radio distribution business and later expanded into other mobile, communications and consumer products. We have always been one of the premier brands in mobile electronics and over the years, have become one of the leading suppliers of consumer electronics products, nationwide.

Today, the Company is ranked number one in mobile video and mobile multi-media and places in the top ten of almost every category that it sells. Mobile electronics products include mobile video systems, auto sound systems including satellite radio, collision avoidance products, GPS navigation and vehicle security and remote start. On the consumer side, the Company offers LCD TV's, portable DVD players, extended range two-way radios, multi media products like MP3 players, camcorders, digital voice recorders, clock radios and digital picture frames. Audiovox has grown both organically and through acquisition and today, boasts one of the most impressive brand portfolios in the industry. In 2007, the Company made five acquisitions, spending approximately $110 million, while adding approximately $350 million in annualized sales. The Company acquired Thomson's consumer electronics accessory and audio video businesses, which includes the RCA, Acoustic Research and Jensen brands, among others; Oehlbach, a European accessory company; Incaar, a high-end multi-media company also in Europe; and Technuity, an emerging leader in the battery and power products industry. Technuity holds the exclusive licensing rights to the well-known Energizer brand. The Company markets its products under Audiovox, RCA, Jensen, Acoustic Research, Advent, Code Alarm, Terk, Phase Linear, and Spikemaster, domestically and under Magnate, Mac Audio, Heco, Oehlbach and Incaar internationally. Products are sold through an extensive distribution network that includes power retailers, 12-volt specialists, mass merchandisers and an OE sales group.

Through the first nine-months of fiscal 2008 (as of November 30, 2007), Audiovox posted net sales of $460.1, an increase of 27.6% over the comparable period last year and earnings per share of $0.47 as compared to $0.15 in the similar fiscal 2007 period. The Company still boasts a strong cash position and balance sheet and intends to pursue strategic and synergistic acquisitions that will contribute to both top-and bottom-line growth in the years ahead. For additional information, please visit our web site a www.audiovox.com.

A Standard & Poor’s SmallCap 600 Company

Standard & Poor’s a division of The McGraw-Hill Companies

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