VOXX International Corporation announced the formation of a new subsidiary, VOXXHirschmann, which combines all Original Equipment Automotive Groups into one single entity that includes Hirschmann Car Communications(R) ("Hirschmann"), Audiovox Incaar(R), Code Alarm(R) OE and Invision(R). The combination of these assets is expected to significantly strengthen the company's tier-one status as a global manufacturer, while leveraging shared resources for sales, product development and customer support. This new group has over 200 engineers, with product development and engineering facilities located in Europe, Asia and the United States.

Furthermore, VOXXHirschmann now has the added benefit of four manufacturing facilities strategically located in Hungary, Germany and the United States (Florida). The company also announced another significant development -- the formation of VOXX Electronics Corp. ("VEC").

This new group was formed to take advantage of emerging technology trends, for both mobile and consumer electronics product categories. Audiovox Electronics Corporation has been consolidated into this new company and Tom Malone; previously President of that group has been named President of this newly formed venture. VEC will continue to drive innovation by focusing in the mobile arena on some of the newer and more attractive growth categories, such as connectivity, telematics and OE integration solutions.

The new technology efforts will focus on communications, imagery and biometrics and some of the new product offerings will be on display at the Consumer Electronics Show in Las Vegas, NV this week. Entree into these high profile, high energy markets will set the tone for the future of VOXX Electronics as an innovative market leader bringing advanced technology and solutions to both the end consumer and enterprise customer. The company believes that technology at this level has the potential to revolutionize industries and change forever how consumers interact with their electronics.