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Audiovox and FLO TV to Offer Live In-vehicle TV Through National Network of More...
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Audiovox and FLO TV to Offer Live In-vehicle TV Through National Network of
More Than 12,000 New Car Dealers
- Showcasing the System in New York, Audiovox will be a Supplier of FLO TV's
Auto Entertainment System, Delivering an Unparalleled Live TV Experience -
NEW YORK, Sept. 17 /PRNewswire-FirstCall/ -- Audiovox Corporation (Nasdaq:
VOXX) and FLO TV Incorporated, provider of the award-winning FLO TV(TM) live
mobile TV service and a wholly owned subsidiary of Qualcomm Incorporated
(Nasdaq: QCOM), today announced distribution plans for the launch of FLO TV
Auto Entertainment, an in-vehicle entertainment system delivering live TV
service. The system will be available for demonstration to media today during
the annual "Pepcom Holiday Spectacular!" event in New York City.
Audiovox will be a supplier of the aftermarket FLO TV Auto Entertainment
system and will manage the launch through its Expeditor distribution network,
which targets more than 12,000 new car dealers in 85 markets nationwide.
Through this extensive network, FLO TV Auto Entertainment is scheduled to be
available to consumers in the fourth quarter of 2009.
"We believe our FLO TV offering is head and shoulders above any other mobile
TV system, from the reception quality and breadth of FLO TV programming
content to the unobtrusive antenna that literally fits in the palm of your
hand," said Tom Malone, president, Audiovox Electronics Corporation. "This
car entertainment system from Audiovox and FLO TV, scheduled for initial
introduction in the fourth quarter of 2009, will give consumers affordable
live TV with the programming brands and TV shows that consumers know and
love."
The first FLO TV Auto Entertainment system will be marketed under Audiovox's
Advent brand, which is exclusive to the new car dealer network. It is
compatible with all vehicle makes and models and adds to any in-car overhead
or headrest entertainment system with screen sizes up to 10.5 inches. In
addition, there are approximately 23 million vehicles in the U.S. equipped
with existing in-car entertainment systems that can be retrofitted with the
small, easy-to-install FLO TV Auto Entertainment system.
"Our collaboration with Audiovox demonstrates FLO TV's market expansion beyond
mobile phones to deliver innovative live TV service to consumers," said Bill
Stone, president of FLO TV. "The market for live mobile TV is growing, with
tens of millions of U.S. vehicles already equipped with a variety of mobile
video entertainment systems. FLO TV Auto Entertainment can provide consumers
with the ideal combination of affordable and high-quality service to give them
a home-like viewing experience in their automobiles."
The FLO TV service offers top-rated entertainment, news, sports and children's
programming from some of the world's best media brands. The service delivers
video over a dedicated digital multicasting network built from the ground up
by FLO TV to provide the best mobile television experience possible at a
competitive price. Authorized car dealers will offer one year of FLO TV Auto
Entertainment service included with the hardware purchase, with annual plans
starting at special introductory rates as low as $119 per year or 3-year plans
starting at $299, the equivalent of less than $9 per month.*
The new FLO TV Auto Entertainment system will provide dealers with additional
revenue channels and offer consumers a cost-efficient alternative to DVDs.
Consumers will be able to purchase the system and service through an extensive
network of more than 12,000 U.S. automotive dealers and expeditors through a
partnership with Audiovox. In addition, FLO TV Auto Entertainment will be
available in major retail outlets for purchase and installation by end of
2010.
"New car dealers will sell FLO TV Auto Entertainment as an add-on to a mobile
video system at the time of vehicle purchase and as part of the overall
vehicle cost," Malone said. "We believe the combination of this technology
and our hardware solution will take in-vehicle entertainment to the next
level, delivering fast channel changing at the touch of a button, just as
consumers experience at home."
All programming is subject to change / blackout restrictions. Service not
available everywhere.
*Taxes not included. Additional fees and charges may apply. Pricing and
service subject to change at any time. After the expiration of the original
prepaid subscription, the subscription will automatically renew and the
subscriber's credit card will be charged at the then-current rate. Prepaid
subscription required for 1-year / 3-year plans. *1-year prepaid subscription
required for $9.99 / mo. package. *3-year prepaid subscription required for
$8.99 / mo. package. $10 off the first month's service with the purchase of a
device when you sign up for a monthly subscription package. Special
introductory offers and waived activation fee expire 12/31/09. Please review
the FLO TV Customer Contract and Privacy Statement for additional terms and
conditions. All prepaid annual and monthly subscription payments are
non-refundable. All programming subject to change and blackout restrictions.
Purchase of compatible device required to view the FLO TV service. Visit
www.flotv.com for coverage information.
About Audiovox
Audiovox (Nasdaq: VOXX) is a recognized leader in the marketing of automotive
entertainment, vehicle security and remote start systems, consumer electronics
products and consumer electronics 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 MP3 players, digital camcorders, DVRs, clock radios, portable DVD players,
extended range two-way radios; multimedia products like digital picture frames
and home and portable stereos; consumer electronics accessories such as
indoor/outdoor antennas, connectivity products, headphones, speakers, wireless
solutions, remote controls, power & surge protectors and media cleaning &
storage devices; Energizer-branded products for rechargeable batteries and
battery packs for camcorders, cordless phones, digital cameras and DVD
players, as well as for power supply systems, automatic voltage regulators and
surge protectors. 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, RCA, Jensen, Acoustic Research, Energizer, Advent, Code Alarm, TERK,
Prestige and SURFACE brands. For additional information, visit our Web site
at www.audiovox.com.
About FLO TV Incorporated
The FLO TV service combines the best content, an intuitive user interface and
a superior multicast network to deliver a true quality TV viewing experience
for consumers. FLO TV offers full-length simulcast and time-shifted
programming from the world's best entertainment brands, including CNBC, Comedy
Central, MSNBC, MTV, NBC, NBC 2Go, NBC News, NBC Sports and Nickelodeon.
Based in San Diego, Calif., FLO TV Incorporated is a wholly owned subsidiary
of Qualcomm Incorporated. Further information is available at www.flotv.com.
Audiovox 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 Audiovox 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, further deterioration in the global economy; risks that
may result from changes in Audiovox's business operations; Audiovox's ability
to keep pace with technological advances; significant competition in the
mobile and consumer electronics and accessories businesses; Audiovox's
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 Audiovox's 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 Audiovox's 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, 2009.
FLO and FLO TV are trademarks of Qualcomm Incorporated. Qualcomm is a
registered trademark of Qualcomm Incorporated. All other trademarks are the
property of their respective owners.
FLO TV/Qualcomm Contacts:
Melinda Hutcheon, FLO TV
Phone: 1-858-651-7334
Email: flotv.pr@flotv.com
Emily Kilpatrick, Corporate Communications
Phone: 1-858-845-5959
Email: corpcomm@qualcomm.com
John Gilbert, Investor Relations
Phone: 1-858-658-4813
Email: ir@qualcomm.com
Audiovox Contacts:
Jeremy Stoehr
Phone: 1-631-436-6371
Email: jstoehr@audiovox.com
SOURCE FLO TV Incorporated; Audiovox Corporation
Melinda Hutcheon of FLO TV Incorporated, +1-858-651-7334, flotv.pr@flotv.com;
or Emily Kilpatrick, Corporate Communications, +1-858-845-5959,
corpcomm@qualcomm.com; or John Gilbert, Investor Relations, +1-858-658-4813,
ir@qualcomm.com, both of Qualcomm Incorporated; or Jeremy Stoehr of Audiovox
Corporation, +1-631-436-6371, jstoehr@audiovox.com
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