VOXX International Corporation Files Shelf Registration Statement

      VOXX International Corporation Files Shelf Registration Statement

PR Newswire

HAUPPAUGE, N.Y., March 21, 2013

HAUPPAUGE, N.Y., March 21, 2013 /PRNewswire/ --VOXX International Corporation
(NASDAQ: VOXX), today announced that it has filed a universal Shelf
Registration Statement on Form S-3 and Form S-4 with the U.S. Securities and
Exchange Commission (the "SEC").

The Shelf Registration Statement, when declared effective by the SEC, will
give the Company the ability to offer and sell up to $200,000,000 of its
securities, consisting of common stock, preferred stock, depository shares,
warrants, subscription rights, and debt securities. After the shelf
registration becomes effective, the Company may offer and sell such securities
from time to time and through one or more methods of distribution, subject to
market conditions and the Company's capital needs. The Shelf Registration
Statement is intended to provide the Company with flexibility to access the
public capital markets in order to respond to financing and business
opportunities in the future but does not obligate the Company to do so. 

Although the Shelf Registration Statement relating to these securities has
been filed with the SEC, it has not yet become effective. These securities
may not be sold nor may offers to buy be accepted prior to the time the
registration statement becomes effective. Additionally, this press release
shall not constitute an offer to sell or the solicitation of an offer to buy,
nor shall there be any sale of these securities in any jurisdiction in which
such offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction.

If and when the Shelf Registration Statement is declared effective by the SEC,
the Company may, from time to time, issue up to an aggregate of $200 million
of equity, debt or other types of securities through one or more methods of
distribution, in connection with business combination transactions, including
acquisitions of other businesses, assets, properties or securities. VOXX
International Corporation does not expect to receive cash proceeds from the
sale of securities issued pursuant to the Form S-4. The terms of any offering
under the Shelf Registration Statement will be established at the time of such
offering and will be described in a prospectus supplement filed with the SEC
prior to completion of the offering.

A copy of the prospectus included in the registration statement may be
obtained on the SEC's website at www.sec.gov. In addition, the Company would
file a prospectus supplement with the SEC in connection with any offering
under the shelf registration statement. The information on the Company's web
site is not a part of the registration statement, the prospectus or any
prospectus supplement which may be issued under the registration statement.

About VOXX International Corporation
VOXX International Corporation (NASDAQ:VOXX) is the new name for Audiovox
Corporation, a company that was formed over 45 years ago as Audiovox that has
grown into a worldwide leader in many automotive and consumer electronics and
accessories categories, as well as premium high-end audio. Through its wholly
owned subsidiaries, VOXX International proudly is recognized as the #1 premium
loudspeaker company in the world, and has #1 market positions in automotive
video entertainment and remote starts, digital TV tuners and digital antennas.
The Company's brands also hold #1 market share for TV remote controls and
reception products and leading market positions across a wide-spectrum of
other consumer and automotive segments.

Today, VOXX International is a global company....with an extensive
distribution network that includes power retailers, mass merchandisers,
12-volt specialists and most of the world's leading automotive manufacturers.
 The company has an international footprint in Europe, Asia, Mexico and South
America, and a growing portfolio, which is now comprised of over 30 trusted
brands. Among the key domestic brands include Klipsch®, RCA®, Invision®,
Jensen®, Audiovox®, Terk®, Acoustic Research®, Advent®, Code Alarm®, CarLink®,
Excalibur® and Prestige®. International brands include Hirschmann Car
Communication®, Klipsch®, Jamo®, Energy®, Mirage®, Mac Audio®, Magnat®, Heco®,
Schwaiger®, Oehlbach® and Incaar™. The Company continues to drive innovation
throughout all of its subsidiaries, and maintains its commitment to exceeding
the needs of the consumers it serves. For additional information, please
visit our Web site at www.voxxintl.com.

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 the Company assumes no
responsibility to update any such forward-looking statement. 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 risks that may result from changes in the Company's
business operations; our ability to keep pace with technological advances;
significant competition in the automotive, premium audio and consumer
accessories businesses; our 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; foreign currency fluctuations and
concerns regarding the European debt crisis; restrictive debt covenants; the
possibility that the review of our prior filings by the SEC may result in
changes to our financial statements; and the possibility that stockholders or
regulatory authorities may initiate proceedings against VOXX International
Corporation and/or our officers and directors as a result of any restatements.
Risk factors associated with our business, including some of the facts set
forth herein, are detailed in the Company's Form 10-K for the fiscal year
ended February 29, 2012.

Company Contact:
Glenn Wiener
GW Communications
Tel: 212-786-6011
Email: gwiener@GWCco.com

SOURCE VOXX International Corporation

Website: http://www.voxxintl.com
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