Emerson Radio Corp. Extends Licensing Agreement With Funai Corporation, Inc.
HACKENSACK, NJ -- (Marketwired) -- 12/18/13 -- On December 15, 2013,
and effective as of November 26, 2013, Emerson Radio Corp. (NYSE MKT:
MSN) (the "Company") and Funai Corporation, Inc. ("Funai") entered
into an amendment to the License Agreement dated effective January 1,
2001, as amended, between the Company and Funai (the "License
Agreement"), under which the term of the License Agreement was
extended until March 31, 2018. The Agreement provides that Funai will
continue to manufacture, market, sell and distribute specified
products bearing the Emerson(R) trademark to customers in the U.S.
and Canadian markets. Under the terms of the License Agreement, the
Company receives non-refundable minimum annual royalty payments and
license fees on sales of products subject to the License Agreement in
excess of the minimum annual royalties.
About Emerson Radio Corp.
Emerson Radio Corp. (NYSE MKT: MSN),
incorporated in 1994, is headquartered in Hackensack, N.J. The
Company designs, sources, imports and markets a variety of houseware
and consumer electronic products, and licenses its trademarks to
others on a worldwide basis for a variety of products. For more
information, please visit Emerson Radio's web site at
Forward Looking Statements
This release contains "forward-looking
statements" made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements reflect management's current knowledge, assumptions,
judgment and expectations regarding future performance or events.
Although management believes that the expectations reflected in such
statements are reasonable, they give no assurance that such
expectations will prove to be correct and you should be aware that
actual results could differ materially from those contained in the
forward-looking statements. Forward-looking statements are subject to
a number of risks and uncertainties, including the risk factors
detailed in the Company's reports as filed with the Securities and
Exchange Commission. The Company assumes no obligation to update the
information contained in this news release.
EMERSON RADIO CORP.
3 University Plaza, Suite 405
Investor Relations Manager
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