Audiovox and FLO TV to Roll Out Array of Mobile TV Products in 2010
FLO TV Auto Entertainment System Now Shipping to Dealers Nationwide; Audiovox Also is Offering the FLO TV Personal Television Device
LAS VEGAS, Jan. 6 /PRNewswire-FirstCall/ -- International CES, Booth 11006-10506 -- Audiovox Corporation (Nasdaq: VOXX) and FLO TV Incorporated, a wholly owned subsidiary of Qualcomm Incorporated (Nasdaq: QCOM), today announced several live mobile TV products, giving consumers even more choices to stay connected to the television programming they love.
Audiovox is now shipping its Advent-branded FLO TV(TM) Auto Entertainment products to car dealers nationwide. In addition, Audiovox-branded FLO TV Auto Entertainment products are being offered this month to nearly 2,000 MERA (Mobile Electronic Retailers Association) 12-volt independent retailers nationwide, with a full rollout to the Company's retail partners to begin shortly. This includes the FLO TV Personal Television, a handheld digital TV that allows consumers to access their favorite content in the palm of their hand.
In addition to in-vehicle entertainment systems, Audiovox will market a personal DVD system later this year in which Audiovox expects to include the FLO TV service -- a move that represents the planned expansion of Audiovox's FLO TV offerings beyond autos to other small screens. All products will be on display at the International Consumer Electronics Show in the Audiovox booth, #11006-10506 in the Central Hall.
"Last year at this time, we announced a collaboration with FLO TV to bring its award-winning live mobile TV service to the automotive market," said Tom Malone, president of Audiovox Electronics Corporation. "This year, I'm pleased to say we not only have delivered on that promise, we also have expanded our relationship considerably for the benefit of our retail channel partners and consumers."
"The combination of our great programming with Audiovox's innovative products and consumer reach deliver on our efforts to bring live mobile TV to every small screen," said Bill Stone, president of FLO TV Incorporated. "Together, we are delivering commercially viable products that create an immersive TV experience across a range of devices and platforms."
All programming subject to change / blackout restrictions. Service subscription required. Service not available everywhere. "Live mobile television" means the FLO TV service transmits channels in real time; no downloading, sideloading or buffering.
About Audiovox
Audiovox (Nasdaq: VOXX) is a recognized leader in the marketing of automotive entertainment, vehicle security and remote start systems, consumer electronics products and consumer electronics accessories. The company is number one in mobile video and places in the top ten of almost every category that it sells. Among the lines marketed by Audiovox are its mobile electronics products including mobile video systems, FLO TV, Mobile Video + PlayStation 2 systems, auto sound systems including satellite radio, vehicle security and remote start systems; consumer electronics products such as MP3 players, digital camcorders, DVRs, Internet radios, clock radios, portable DVD players, multimedia products like digital picture frames and home and portable stereos; consumer electronics accessories such as indoor/outdoor antennas, connectivity products, headphones, speakers, wireless solutions, remote controls, power & surge protectors and media cleaning & storage devices; Energizer®-branded products for rechargeable batteries and battery packs for camcorders, cordless phones, digital cameras and DVD players, as well as for power supply systems, automatic voltage regulators and surge protectors. 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, RCA, Jensen, Acoustic Research, Energizer, Advent, Code Alarm, TERK, Prestige and SURFACE brands. For additional information, visit our Web site at www.audiovox.com.
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About FLO TV
The FLO TV service combines the best content, an intuitive user interface and a superior multicast network to deliver a true quality TV viewing experience for consumers. FLO TV offers full-length simulcast and time-shifted programming from the world's best entertainment brands, including ABC, ABC Entertainment, ABC Family, ABC News, ABC Sports, Adult Swim Mobile, CBS, CBS College Sports, CBS News, CNBC, COMEDY CENTRAL, Disney Channel, Disney Channel Original Movies, ESPN, ESPNEWS, ESPN 2, FOX, FOX News Channel, FOX Sports, FUEL TV, msnbc, MTV, NBC 2Go, NBC News, NBC Sports, nickelodeon, Playhouse Disney and SOAPNet. Based in San Diego, Calif., FLO TV Incorporated is a wholly owned subsidiary of Qualcomm Incorporated. Further information is available at www.flotv.com.
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 for the fiscal year ended February 28, 2009 and in its most recent Form 10-Q filing with the Securities and Exchange Commission.
Audiovox Contacts:
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Jeremy Stoehr Laurie Shulman, Marina Maher Communications
Phone: 1-631-436-6371 Phone: 1-212-485-6865
Email: [email protected] Email: [email protected]
FLO TV Contacts:
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Mona Klausing
Phone: 1-858-651-4268
Email: [email protected]
Qualcomm Contacts:
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Emily Kilpatrick, Corporate Communications
Phone: 1-858-845-5959
Email: [email protected]
Warren Kneeshaw, Investor Relations
Phone: 1-858-658-4813
Email: [email protected]
SOURCE Audiovox Corporation
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