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/ ------- Profile: International Entertainment