ffice Max Superstores Nationwide Staples, Inc. Adds New Products To Its Andrea Electronics Retail Line Offering LONG ISLAND CITY, N.Y., July 24 /PRNewswire/ -- Andrea Electronics Corporation (Amex: AND) announced today that under a newly signed sales agreement with Office Max, Inc. (NYSE: OMX), three of Andrea Electronics' core retail products will be offered at Office Max's more than 700 retail office supply superstores nationwide. In addition, Andrea Electronics announced that it has expanded its product line offering at Staples, Inc. (Nasdaq: SPLS) retail superstores to include the same three core products that will be sold at Office Max stores. Andrea Electronics' presence in Office Max superstores and its extended product line in Staples superstores across the United States are important contributions to the Company's aggressive direct retail agenda, which began in the fourth quarter of 1997. During the fourth quarter of 1997, Andrea Electronics announced it would sell four product lines through CompUSA, the largest computer retailer in the United States. Shortly thereafter, in the first quarter of 1998, Andrea Electronics announced signing an agreement to sell two product lines in Staples, followed in the second quarter of 1998 by an announcement that Micro Center and Computer City stores across the United States would carry Andrea Electronics' retail products. "At the end of 1997, we announced that one of our goals was to establish a direct retail presence in the top office and computer superstores nationwide by the end of 1998," said John N. Andrea, Co-president of Andrea Electronics Corporation. "Our retail penetration is a very important part of our business strategy, not only to increase our revenue base, but also as a key means of branding. Now, at the midpoint of the year, we are very pleased to have launched our retail product lines in five of the top superstores -- CompUSA, Staples, Computer City, Micro Center, and now, Office Max. The Andrea name is becoming associated with exceptional voice clarity and audio performance by consumers and end-users, in addition to the OEMs and software publishers that have selected and endorsed our patented Active Noise Cancellation technology." In addition to entering new retail channels, Andrea Electronics has succeeded in broadening its product offering in existing channels. This month, Staples will add to the two Andrea Electronics products it currently offers nationwide a new product, the Andrea ANC-550 VoiceSolutions(TM) Headset. The retail products that will be available going forward on the shelves at Office Max and Staples include: * The Andrea ANC-550 VoiceSolutions headset -- a high-quality binaural headset using Andrea Electronics' patented Active Noise Cancellation (ANC) microphone technology, bundled with a CD of free software, including Andrea AudioCOMMANDER(TM) 1.0 audio utility software; Kurzweil VoicePad(TM), Special Edition; Microsoft NetMeeting 2.0(TM); Internet Explorer 4.0(TM); and MCI Internet Service Provider(R). * The Andrea NC-65 GameWare(TM) -- a pro-stereo, PC gamer's headset with pre-equalized, CD-quality sound and noise canceling (NC) microphone, bundled with a CD of free software, including: Andrea AudioCOMMANDER 1.0; and Mplayer(TM) Internet Game Play interactive gaming platform. * The Andrea NC-50 NetSet(TM) -- a lightweight monaural headset with noise canceling (NC) microphone, bundled with Andrea AudioCOMMANDER 1.0 audio utility software; Microsoft NetMeeting 2.0; Internet Explorer 4.0; and MCI Internet Service Provider. Andrea Electronics Corporation designs, develops and manufactures audio technologies and equipment for applications incorporating natural language interfaces. The Company's patented Active Noise Reduction (ANR) earphone, Active Noise Cancellation (ANC) near-field and Digital Super Directional Array DSDA far-field microphone technologies are incorporated into a wide range of audio products to eliminate background noise and ensure the optimum performance of voice applications. Applications for the Company's technologies include: speech recognition programs, Internet telephony, video/audio conferencing, automobile PCs, home automation systems, hand-held devices and multiplayer online games, among others. Key OEM and software publisher customers and strategic partners who have endorsed Andrea Electronics' technologies and products include: Microsoft Corporation, IBM Corporation, Lernout & Hauspie Speech Products, Lotus Development Corporation, Dragon Systems, NEC, Mpath, Multitude, IDT, HyperGraphics, ILINC and ViA Inc., among others. This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties or other factors that could cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Factors that might cause such a difference include, but are not limited to, those discussed under the heading "Cautionary Statement Regarding Forward-Looking Statements" included in the Management's Discussion and Analysis of Financial Condition and Results of Operations in the Company's Annual Report on Form 10-K and in the Company's Annual Report to Stockholders, and in documents subsequently filed by the Company with the Securities and Exchange Commission. "Andrea Anti-Noise" is a registered trademark, and "AndreaVoiceSolutions," "Andrea QuietWare" and "Andrea NetSet" are trademarks of Andrea Electronics Corporation. "DSDA" is a trademark of Andrea Electronics SOURCE Andrea Electronics Corporation -0- 07/24/98 /NOTE TO EDITORS: To receive Andrea Electronics' latest news release and other corporate documents via FAX -- no cost -- please dial 1-800-PRO-INFO. Use the Company's ticker: AND./ /CONTACT: Molly M. Jahncke, firstname.lastname@example.org, or Carolynne O'Grady, email@example.com, Corp. Communications of Andrea Electronics, 800-442-7787; or General Info, Michael Lawson or Paula Schwartz, Analyst Info, Joel Herskovitz, or Media Info, Judith Sylk-Siegel, all of The Financial Relations Board, 212-661-8030/ /Web site: http://www.andreaelectronics.com/ (AND OMX SPLS) CO: Andrea Electronics Corporation; Office Max, Inc.; Staples, Inc. ST: New York IN: CPR REA SU: -0- (PRN) Jul/24/98 08:32 EOS (PRN) Jul/24/98 08:33 86 â -0- (PRN) Jul/24/ 98 8:48
ANDREA ELECTRONICS CORPORATION EXTENDS ITS RETAIL PRESENCE INTO
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