FOR IMMEDIATE RELEASE
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`AUDIOVOX CORPORATION ANNOUNCES NAME CHANGE
`TO VOXX INTERNATIONAL CORPORATION
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`Corporate name change signifies growth of global product portfolio and is reflective of the company’s
`commitment to market and grow its world class brands
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`HAUPPAUGE, NY, December 5, 2011 – VOXX International Corporation (NASDAQ:VOXX) has become the
`new corporate name of Audiovox Corporation. The company believes that VOXX International is a name that
`better represents the widely diversified interests of the company, and the more than 30 global brands it has acquired
`and grown throughout the years. This change will create a corporate umbrella for our various subsidiaries and
`brands, and achieves a powerful international corporate image, creating a vehicle for each respective brand to
`emerge with its own identity.
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`John Shalam, Chairman of the Board stated, “I founded Audiovox more than 45 years ago and the brand still holds
`significant meaning to me, and to the thousands of employees who were instrumental in the company’s success.
`While Audiovox remains a well-known and trusted consumer brand today, it became clear that due to the expansion
`of our portfolio, the company, our distribution partners and our customers, would be better served with a name that
`better reflects our strategy and global reach. We believe VOXX International Corporation retains the heritage of
`Audiovox, while at the same time, opens up new avenues to market our brands under a corporate umbrella.”
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`Patrick Lavelle, Chief Executive Officer stated, “Over the past several years, we embarked on an aggressive M&A
`campaign to strengthen our product portfolio, enhance distribution and grow our international footprint, all the
`while, staying within our core competencies in the automotive and consumer electronics and accessories markets.
`We’ve made 10 acquisitions since 2002, including our most recent transaction of Klipsch, and now boast the
`strongest brands in our company’s history; brands we believe will enable us to expand into related markets. Our
`operating subsidiaries will retain their independence and will look to collaborate on global business opportunities,
`while the corporate leadership continues to focus on growth, and realizing synergies and cost improvements
`throughout the organization. Everything we have and continue to do is about enhancing shareholder value for years
`to come.”
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`VOXX International will continue to trade on the Nasdaq National Market under the ticker symbol VOXX.
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`About VOXX International Corporation
`VOXX International Corporation (NASDAQ:VOXX) is the new name for Audiovox Corporation, a company that
`was formed over 45 years ago as Audiovox that has morphed into a worldwide leader in many automotive and
`consumer electronics and accessories categories, and now into premium high-end audio. Through its wholly owned
`subsidiaries, VOXX International proudly is recognized as the #1 premium loudspeaker company in the world, and
`has #1 market positions in automotive video entertainment and remote starts and TV remote controls and reception
`products. The company’s brands also hold leading market positions across a wide-spectrum of consumer and
`automotive segments.
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`Today, VOXX International is a global company….with an extensive distribution network that includes power
`retailers, mass merchandisers, 12-volt specialists and most of the world’s leading automotive manufacturers. The
`company has an international footprint in Europe, Asia, Mexico and South America, and a growing portfolio, which
`is now comprised of over 30 trusted brands. Among the key domestic brands include Klipsch®, RCA®, Invision®,
`Jensen®, Audiovox®, Terk®, Acoustic Research®, Advent®, Code Alarm®, CarLink®, Omega®, Excalibur®,
`Prestige®, and SURFACE. International brands include Klipsch®, Jamo®, Energy®, Mirage®, Mac Audio®,
`Magnat®, Heco®, Schwaiger®, Oehlbach® and Incaar™. The company continues to drive innovation throughout
`all of its subsidiaries, and maintains its commitment to exceeding the needs of the consumers it serves. For
`additional information, please visit our Web site at www.voxxintl.com.
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`PETITIONER'S EXHIBIT 1005
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`Audiovox Announces Name Change to VOXX International Corporation
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`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 accessories 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, 2011.
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`Company Contact
`Glenn Wiener
`GW Communications
`Tel: 212-786-6011
`Email: gwiener@GWCco.com
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`PETITIONER'S EXHIBIT 1005