Audiovox 1999 Annual Report Download - page 5

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remains
our number one concern and we believe
we are taking the necessary steps to
foster increased value.
John J. Shalam, Chairman, President & CEO
John J. Shalam
Chairman, President & CEO
February 25, 2000
new products and technology with the introduction of the electronics
division’s first web based product, an MP-3 Internet Music Player/
Recorder. Initial response to this product has been good and we look
forward to developing additional new products that use or complement
the Internet.
Additionally, we have begun a consumer public relations and adver-
tising campaign, designed to further enhance our brand name. Centered
on the theme “Audiovox…I Want One” the campaign showcases our
new high tech products. Our goal is to leverage the Audiovox brand to
enhance brand identity of our product lines as we continue to introduce
products in new and existing markets.
We begin 2000 with the confidence that a record year brings—
committed to our stated goals and intent on achieving them. However, we
are ever mindful of the constantly changing technologies, product avail-
ability and eroding prices that characterize the highly competitive market-
place in which we operate. Long-term shareholder value remains our
number one concern and we believe the steps we have taken are result-
ing in the improved performance of our stock. We will continue to focus
on increased shareholder value. Finally, I would like to thank our employ-
ees and you, our shareholders for your support during this past year.
Long
-
term
3
AUDIOVOX
SHAREHOLDER VALUE