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Audiovox Corp. (VOXX) Keeps Environments Entertained

Starting out in 1965 in the car radio business, Audiovox Corp. (VOXX) is a recognized leader in the marketing of automotive entertainment, vehicle security and remote start systems, consumer electronics products, and consumer electronics accessories. With corporate headquarters in Hauppauge, New York, Audiovox trades on the NASDAQ as part of the Electronics Wholesale industry. Their current market capitalization is $246.37M. The company went public in 1987.

The company is number one in mobile video, and they are in the top ten of almost every other category that they sell in today. They are able to benefit from growing market opportunities because of their extensive distribution network. They also have well-established industry relationships, which give them a head start over less-established companies when it comes to taking advantage of niche markets. Audiovox was a trailblazer in the cellular phone industry. They sold their first vehicle-installed cellular telephones in 1984, although they divested this area of their business in 2004. This transaction allowed Audiovox to concentrate more on their electronics business. It also gave them the capital to seek other possible acquisition targets.

Audiovox’s consumer electronics subsidiary, AEC, sells mobile and consumer electronics products to retailers, 12-volt specialists, specialty retailers, distributors to new car dealers, original equipment manufacturers (OEM’s), mass merchants, and the U.S. military. Their product family includes car sound, mobile video, vehicle security, as well as remote start, tracking, and navigation. Their product portfolio also includes MP3 players, digital camcorders, DVRs, clock radios, portable DVD players, portable GPS, flat-panel TV’s, and extended range two-way radios.

The company’s multimedia products include digital picture frames, and home and portable stereos. They also market consumer electronics accessories such as indoor/outdoor antennas, connectivity products, headphones, speakers, wireless solutions, remote controls, power and surge protectors and media cleaning and storage devices. In addition, they sell Energizer-branded products for rechargeable batteries and battery packs for camcorders, cordless phones, digital cameras, and DVD players. They also sell these for power supply systems, automatic voltage regulators, and surge protectors.

Audiovox markets their products under the Audiovox, RCA, Jensen, Acoustic Research, Energizer, Advent, Code Alarm, TERK, Prestige, and SURFACE brands. They also function as an original equipment manufacturer (OEM) supplier to a broad spectrum of customers. They are always looking for opportunities to make different environments entertaining with their automotive, mobile, and other electronics products. They are also committed to educating consumers on important issues of the day.

On July 21, The Consumer Electronics Association (CEA) ® began a new nationwide grassroots educational initiative to help Americans understand the importance of trade to creating jobs and driving U.S. economic growth. This collaborative effort between CEA and their membership kicked-off on the morning of July 21 at Audiovox Corporation headquarters.

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