Audiovox Corporation Sets Date for Its Fiscal 2008 Year-End Results

Audiovox Corporation (Nasdaq: VOXX), today announced that it will be reporting its fiscal 2008 fourth quarter and year-end results for the period ended February 28, 2008 on Wednesday, May 14, 2008 after market close. The Company also disclosed that it will be hosting a conference call and webcast on Thursday, May 15, 2008 at 10 a.m. EDT.

     Conference Call Information
     Toll-free call-in number:        800-510-0146
     International call-in number:    617-614-3449
     Participant pass code:           59396972

Interested parties can also participate on the webcast by visiting the Audiovox website at http://www.audiovox.com and clicking on "Investor Relations".

For those who will be unable to participate, a webcast and teleconference replay will be available approximately one hour after the completion of the call.

     Replay Information
     Replay Number:                   888-286-8010
     International replay number:     617-801-6888
     Access code:                     99202424

Audiovox Corporation is a leading international distributor and value added service provider in the electronics industry. The Company services the consumer electronics and 12-Volt markets and conducts its business through subsidiaries marketing its products both domestically and internationally under its own brands, which include Audiovox, Jensen, Advent, Phase Linear, Code Alarm, Acoustic Research among others. It also functions as an OEM (Original Equipment Manufacturer) supplier to several customers. For additional information, please visit Audiovox on the Web at http://www.audiovox.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, 2007 and form 10-Q for the fiscal third quarter ended November 30, 2007.

Investor Relations Contact:

Glenn Wiener, GW Communications

(212) 786-6011 or gwiener@GWCco.com

http://www.audiovox.com

UEI has also granted Audiovox an exclusive license to sell and distribute ONE FOR ALL(R) brand remote controls in North America and other selected Latin American and Asian markets. The ONE FOR ALL(R) brand will continue to be sold and distributed internationally in regions not covered by this agreement through Universal Electronics, BV, a wholly-owned subsidiary of UEI.

Commenting on today's announcement, Patrick Lavelle, President and CEO of Audiovox stated, "We are pleased to have expanded our relationship with UEI and believe the customer will ultimately be the beneficiary as they will receive the most innovative solutions. This agreement will further enhance our R&D capabilities and help us penetrate new customer segments. It will also allow us to grow our market leading position in the remote control category."

David Geise, president of Audiovox Accessories Corporation stated, "Remote controls are playing an increasingly important role in the entertainment ecosystem and serve as the primary touch point for consumers accessing media. Our new partnership with UEI affords us a great opportunity to take on a well-known brand such as ONE FOR ALL(R) with strong potential for growth in the North American market. This agreement positions Audiovox to take advantage of the continuing growth in the home entertainment industry, allowing us access to a trusted partner in remote control innovation and technology. This will help us to aggressively expand our existing lineup through the Acoustic Research and RCA families."

"We're thrilled that both parties were able to complete an agreement of this magnitude as it should immediately benefit both companies enormously," says Paul Arling, chairman and chief executive officer of Universal Electronics. "We fully expect Audiovox to propel the ONE FOR ALL(R) brand through their market leadership in sales and distribution of retail remote controls and accessories. Audiovox is the premier global leader in electronics accessories and is an ideal choice for managing and distributing of the ONE FOR ALL(R) brand in North America. We look forward to an exciting future with the prestigious Acoustic Research lineup and the iconic RCA products, along with the new opportunities this opens up for us in the retail channel."

About Audiovox

Audiovox is a recognized leader in the marketing of automotive entertainment, vehicle security and remote start systems, consumer electronics products and 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, auto sound systems including satellite radio, vehicle security and remote start systems; consumer electronics products such as portable DVD players, Portable GPS, flat-panel TVs, extended range two-way radios; multimedia products like digital picture frames and home and Audiovox and Universal Electronics portable stereos; as well as consumer accessories such as indoor/outdoor antennas, connectivity products, headphones, speakers, wireless solutions, remote controls, power & surge protectors and media cleaning & storage devices. 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, Terk, and Prestige brands, as well as the recently-acquired rights from Thomson's Americas consumer electronics accessory business to the RCA brand for Consumer Electronics accessories. The acquisition also includes the Recoton, Spikemaster, Ambico and Discwasher brands for use on any products and the Jensen, Advent, Acoustic Research and Road Gear brands for accessory products. Audiovox already owns Jensen, Advent, Acoustic Research and Road Gear brands for electronics products as part of prior acquisitions. For additional information, visit our web site at 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 statements. 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 and accessories businesses; 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, 2007 and Form 10-Q for the third fiscal quarter ended November 30, 2007.

    Company Contacts
    Glenn Wiener
    GW Communications for Audiovox
    Tel: 212-786-6011 or Email: gwiener@GWCco.com

SOURCE Audiovox Corporation

http://www.audiovox.com

Audiovox Mexico was established as part of the Company's most recent acquisition, when it took over the RCA Audio/Video facility in Mexico. Audiovox believes a local presence in the growing Latin America market will allow it to expand beyond the RCA product lines and into the Company's diverse product portfolio.

The new location features a large, hi-tech product showroom where customers can view core products, interact with a highly knowledgeable customer support team, and experience first-hand, the Audiovox family of brands.

The facility houses all operational units including financial, commercial, administration, technical support and marketing and serves as the headquarters for Audiovox's Consumer Electronics Audio/Video, Mobile Audio/Video, Security and Accessories business locally in Mexico.

"This new facility is in keeping with our stated goals for increased international presence both overseas and in the Americas," said Patrick Lavelle, President and CEO of Audiovox Corporation. "Our new premises at Miguel Hidalgo are state-of-the-art and should allow us to grow our business while providing the level of customer service and support that has been our hallmark in our domestic operations."

About Audiovox

Audiovox Corporation is a leading international supplier and value added service provider in the consumer electronics accessory industry. The Company conducts its business through subsidiaries and markets mobile and consumer electronics and consumer electronics accessories products both domestically and internationally under several of its own brands. It also functions as an OEM (Original Equipment Manufacturer) supplier to a wide variety of customers, through several distinct distribution channels. For additional information, please visit Audiovox on the Web 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 statements. 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; 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, 2007 and Form 10-Q for the period ended November 30, 2007.

    Company Contacts
    Glenn Wiener
    GW Communications for Audiovox
    Tel: 212-786-6011 or Email: gwiener@GWCco.com

SOURCE Audiovox Corporation

http://www.audiovox.com

The firm cut the company's 2008 outlook to 38 cents a share from 60 cents a share.

On Thursday, Audiovox reported an adjusted loss from continuing operations of 8 cents a share and sales of $131.3 million. C.L. King, the only firm to forecast results for the company, was expecting a loss of 5 cents a share.

The firm said the company's sales growth was below expectations as the economic slowdown has inhibited its ability to "significantly leverage its now larger fixed cost overhead."

Shares of Audiovox fell 7.3% to $10.05 in morning trading Friday. The stock was traded on a volume of 102,484 shares, easily outpacing its 30-day average volume of 53,216 shares. Ryan Vlastelica rv/vj

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