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Emerson Radio Corp.: Emerson Radio Corp. Announces New Licensing Partnership

^{Published on 2009-10-05 05:58:25 - Market Wire}
 

NEW YORK, NY--(Marketwire - October 5, 2009) - Emerson Radio Corp. (NYSE Amex: [ MSN ]) announced today a new North American licensing partnership with Fun Electronics, Inc., a worldwide manufacturer and distributer of affordable consumer electronics. In furtherance of Emerson's strategy to leverage its portfolio of well known consumer brands to generate additional revenue streams through strategic licensing agreements, Emerson has entered into an exclusive licensing agreement with Fun Electronics for certain consumer product categories in the United States and Canada. The licensing agreement with Fun Electronics has an initial three year term and may be renewed for successive three year periods. Pursuant to the terms of the licensing agreement, Fun will manufacture and sell the following products under the Emerson brand name -- Notebook Computers, Netbooks, Digital Cameras, Camcorders and Audio Devices.

"We are excited by this new opportunity to leverage our Emerson brand," said Greenfield Pitts, Emerson Radio Corp.'s Chief Financial Officer. "We were very impressed with the quality of the products Fun introduced to us, and look forward to a long, successful relationship with Fun Electronics."

"We are very excited to partner with Emerson in this new endeavor. Emerson has been a household name in the world for the last 60 or 70 years and to be affiliated with them is an honor," commented David Levy, CEO of Fun Electronics.

About Emerson Radio Corp.

Emerson Radio Corporation (NYSE Amex: [ MSN ]), founded in 1948, is headquartered in Parsippany, N.J. The Company designs, sources, imports and markets a variety of home appliance 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 [ www.emersonradio.com ].

Trademarks

Emerson and the G-clef logo are registered trademarks of Emerson Radio Corp.

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.