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Audiovox Adds Steve Witt as VP of Mobile Audio and Advanced Accessories

HAUPPAUGE, N.Y. – Nov. 7, 2012 – Audiovox Electronics Corp., a wholly-owned subsidiary of Audiovox Corporation (NASDAQ: VOXX), today announced the addition of Stephen Witt, a well-known mobile electronics executive to its Mobile Electronics group. Mr. Witt joins the company in a newly created position of Vice President of Mobile Audio and Advanced Accessories.

“The Mobile Electronics category is, and will continue to be very challenging, as an industry leader we have always been committed to employing the best and brightest, and I am very excited to welcome Steve as a key member of the AEC team,” said Tom Malone, president of Audiovox Electronics Corp. “Steve is a well-respected industry veteran with over 27 years of product and marketing management for Alpine. He has also been an active participant in the Consumer Electronics Association for 18 years and more specifically in leadership roles with the Automotive Electronics Division Board for 17 years.”

Mr. Witt’s responsibilities will include but not be limited to increasing our market share in the retail car audio space with our Jensen brand and the expansion of the O.E. radio category in the expeditor channels where the company has shown considerable growth over the past few years.

In addition, Mr. Witt is expected to accelerate the development of the company’s advanced vehicle accessories group including Integration Solutions, Driver Assistance and Safety Systems. The company believes that this segment of advanced technology implementations offers exciting opportunities for growth, as more and more consumers look to add safety systems and have seamless portable device integration in their vehicles. Mr. Witt is uniquely qualified to lead this program given his focus on consumer technology adoption and life long commitment to automotive electronics for automakers and the aftermarket.

Mr. Witt comes to Audiovox through a transition from his role as EVP at DICE Electronics LLC, where he led the aftermarket and automaker business development of connectivity solutions. DICE Electronics continues to innovate and engineer new products under the exclusive sales and distribution agreement with Audiovox Electronics.

Malone concluded, “Adding a professional of Steve’s stature confirms our commitment to the Mobile Electronics Category, which has been at the core of our company’s existence since the early days of car stereo. We plan to maintain our leadership in these product categories and believe the addition of Steve Witt will help us get there.”

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