Audiovox 2004 Annual Report Download - page 14

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Availability of Reports
We make available financial information, news releases and other
information on our web site at www.audiovox.com. There is a direct link from the
web site to a third party Securities and Exchange Commissions (SEC) filings web
site, where our annual report on Form 10−K, quarterly reports on Form 10− Q,
current reports on Form 8−K and any amendments to these reports filed or
furnished pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of
1934 are available free of charge as soon as reasonably practicable after we
file such reports and amendments with, or furnish them to the SEC. In addition,
the Company has adopted a code of business conduct and ethics which is available
free of charge upon request. Any such request should be directed to the
attention of: Chris Lis Johnson, Company Secretary, 150 Marcus Boulevard,
Hauppauge, New York 11788, (631) 231−7750.
Other Matters
Equity Investments
The Company has equity investments in unconsolidated entities which were
formed to market its products in specific market segments or geographic areas in
a more cost−effective manner. The goal of the Company's equity investments are
to blend financial and product resources with local operations in an effort to
expand its distribution and marketing capabilities. The Company does not
participate in the day−to−day management of the following significant equity
investments:
Percentage Formation
Investment Ownership Date Function
−−−−−−−−−−−−−−−−−−−−−−− −−−−−−−−−−−−−−− −−−−−−−−−−−−−−− −−−−−−−−−−−−−−−−−−−−−−−−−−−−−−
Distribution of products for
Audiovox Specialized marine, van, RV and other
Applications 50.0% 1997 specialized vehicles.
Bliss−Tel Company, Ltd. 20.0% 1997 Distribution of Cellular
products and accessories in
Thailand.
Employees
As of November 30, 2003 and 2004, the Company employed approximately 1,000
and 770 people, respectively. The Company's headcount reduced significantly in
fiscal 2004 as a result of the divestiture of the Cellular business and is
subject to change based upon economic conditions. The Company considers its
relations with its employees to be good and no employees are covered by
collective bargaining agreements.
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