LAS VEGAS, Jan. 6 /PRNewswire-FirstCall/ -- Audiovox Corporation (Nasdaq: VOXX) today announced that the retail launch of Qualcomm's FLO TV in-vehicle live TV system will be through the Mobile Enhancement Retailers Association (MERA). MERA is a wholly owned subsidiary of InstallerNet and has long been recognized as the premier association focused on the success of the specialty mobile electronics retailer.
"We are delighted to invite the more than 2,000 MERA members to help launch live in-vehicle TV to the millions of consumers who already have mobile video systems in their cars and have been waiting for the live TV option for years," said Tom Malone, president Audiovox Electronics Corp. "MERA members are committed to providing a high level of product knowledge, installer training and certification and a keen understanding of consumer trends in the mobile industry. That focus makes the MERA retail stores the perfect place for the initial retail launch of FLO TV."
FLO TV service is live mobile TV with the capacity for up to 20 channels providing programming for everyone: college and professional sports, breaking news, children's shows, primetime sitcoms, reality TV and daytime dramas. Some of the channel partners include ABC, Disney, ESPN, FOX News, CBS Mobile, Nickelodeon, Comedy Central, CNBC, MTV, msnbc and NBC2Go to name a few. By the end of 2009, FLO TV(TM) Auto Entertainment was available in more than 100 major markets and many interstate, driving corridors reaching over 200 million potential customers. The FLO TV service is not available in some rural areas.
"The emphasis MERA members place on professional installation, training and certification provides strong support for this new and innovative product's success in the retail channel," said Anthony Frangiosa, president and CEO of InstallerNet. "We are proud of Audiovox's selection of MERA as the go-to organization for the rollout of FLO TV Automotive Entertainment."
Audiovox is the exclusive supplier of FLO TV hardware and in December launched FLO TV at the car dealer level and in an OE Mopar program with Chrysler dealers. The initial retail launch to MERA members and existing Audiovox customers is expected in late January with full retail distribution to open up shortly thereafter.
The hardware solution is universal and works with virtually any rear or front seat mobile video system, including drop downs, headrests and mobile multimedia products. Audiovox will supply the hardware for FLO TV(TM) Auto Entertainment systems at the retail level under the Audiovox brand.
The system consists of a receiver that is not visible to the consumer, two remotes and an antenna that is the size of a computer mouse and will be mounted on the vehicle's roof for maximum signal strength.
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.
InstallerNet is an installation solutions provider for the consumer electronics industry delivering content, technology, services, and logistics to CE retailers, manufacturers and installers. The company specializes in merchandizing and coordinating consumer electronics installation services through the nation's largest network of independently owned mobile and home electronics installers. It has developed a unique approach to better merchandise services through its branded InstallCard, a patent-pending model that allows retailers to sell professional services like a gift card. With proprietary web and call-center technologies InstallerNet can provide the complete package to meet and exceed customer expectations. Visit the Web site at www.installernet.com.
Safe Harbor Statement
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.
FLO and FLO TV are trademarks of Qualcomm Incorporated. All other trademarks are the property of their respective owners.
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Audiovox Contacts: ------------------ Jeremy Stoehr Laurie Shulman, Marina Maher Communications Phone: 1-631-436-6371 Phone: 1-212-485-6865 Email: firstname.lastname@example.org Email: email@example.com
SOURCE Audiovox Corporation