Audiovox 1997 Annual Report Download - page 2

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Company Profile
Audiovox Corporation is an international leader in the marketing of cellular telephones, auto
sound, vehicle security and mobile video systems and their related accessories. The Company
markets its products under its own brands and private labels through a large and diverse distribution
network both domestically and internationally. International sales are handled through several joint
ventures as well as directly to international carriers and distributors.
Audiovox products are separated into two marketing groups: Communications and Automotive.
Communications’ products accounted for nearly seventy percent of the Company’s sales in fiscal 1997.
Audiovox Corporation purchases most of its products from sources in Asia, Europe and the US and is
a thirty one percent owner of TALK Corporation, a Japanese company involved in the manufacturing of
cellular and auto sound products for Audiovox.
Communications
Audiovox Communications Corp. (ACC), a wholly-owned subsidiary of the Company, markets wireless
products including cellular telephones in a variety of different technologies. ACC distributes its
products in the United States to the regional Bell Operating Companies, other carriers and their
respective agents, distributors and retailers. ACC maintains a substantial marketing effort, both
domestically and internationally, for private label and Original Equipment (OE) programs. ACC also
operates twenty six retail locations under the name Quintex that act as agents of the carriers.
Automotive
The Automotive Electronics Division (AE) divides its sales into Mobile Electronics and Consumer
Electronics. Mobile Electronics products include auto sound, vehicle security and mobile video
systems. The Mobile Electronics group focuses on the 12 Volt specialist, with the Audiovox® and
Prestige® brands, and the Car Dealer Expediter, with the Pursuit® and SPS brands. The Consumer
Electronics group targets the mass merchandiser with Audiovox branded vehicle security, home and
portable stereo systems and Rampage® brand auto sound products.
The AE Division supports a considerable OE and private label effort that includes light manufacturing
and assembly in its Hauppauge, New York facility.
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