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Recoton Announces OEM Manufacturing Agreement With Rosen Products LLC

3 February 2000

Recoton Corporation Announces OEM Manufacturing Agreement With Rosen Products LLC

    LAKE MARY, Fla.--Feb. 3, 2000--Recoton Corporation (Nasdaq National Market:RCOT), a leading global consumer electronic accessory, loudspeaker and car audio company, today announced that it had signed an Original Equipment Manufacturing (OEM) agreement with Rosen Products LLC of Eugene, Oregon. Rosen Products supplies in-vehicle entertainment systems to the OEM and aftermarket channels and they have been the market leader in this arena since they launched the first OEM validated system on board the Oldsmobile Silhouette in '98.
    This agreement provides for the creation and manufacturing by Recoton Corporation of various customized components such as 900 MHz wireless transmitters and headphones that utilize Recoton Corporation's proprietary technologies. These products will be part of in-vehicle entertainment systems designed and supplied by Rosen for SUVs and mini-vans manufactured by General Motors, Ford and Daimler Chrysler. They are also developing systems for foreign made automobiles.
    The Rosen produced automotive entertainment systems are specifically designed for precise factory fit and to exactly match factory finish specifications. These top-quality systems generally consist of a Flat Panel Display (FPD) TV screen, a videocassette recorder, an overhead console, a video game interface, an FM modulator to access factory installed audio and a complete wiring harness for manufacturing point or local dealer installation.
    Recoton's OEM development team worked with Rosen Products for over a year to develop the customized wireless headphone and transmitter system. Initial deliveries of the Recoton 900 MHz wireless transmitters and headphones have begun.
    Robert L. Borchardt, President and CEO of Recoton Corporation, stated, "We are extremely pleased to have created products for use in automotive applications that apply our 900 MHz wireless proprietary technologies to wireless headphones and transmitters. We recognize in-vehicle entertainment systems as a dynamic emerging area of the car audio business and we anticipate a substantial growth trend in automotive accessory products in the near future."
    Terry Rosen, President of Rosen Products, commented, "We at Rosen are proud to be pioneers in cutting edge technologies and to maintain that position with our innovative designs and quality products. It has been rewarding to work with Recoton, which has quickly developed and manufactured high quality performance wireless systems for use with our automotive entertainment systems."
    Recoton Corporation is a global leader in the development, manufacturing and marketing of consumer electronic accessories, loudspeakers and car audio products. Recoton's more that 4,000 products feature highly functional accessories for audio, video, car audio, camcorder, multi-media/computer, home office, cellular and standard telephone, music and video game products and 900MHz wireless technology headphones and speakers. They are sold under the AAMP(R), Ambico(R), Ampersand(TM), AR(R)/Acoustic Research(R), Discwasher(R), GameShark(R), InterAct(R), LinearResearch(R), Parsec(R), Peripheral(R), Performance(TM), Recoton(R), Rembrandt(R), Ross(TM), SoleControl(R), SoundQuest(R), and Stinger(R) brand names. The Company also produces and markets audio components, high fidelity loudspeakers, home theater speakers, and car audio speakers and components which are sold under the Advent(R), AR(R)/Acoustic Research(R), HECO(TM), Jensen(R), MacAudio(TM), Magnat(R), NHT(R) (Now Hear This), Phase Linear(R) and Recoton(R) brand names.

    This press release may contain forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical earnings and those presently anticipated or projected. Such statements speak only as of the date made. Please refer to the Company's current Form 10-K and other SEC filings.

    Rosen Products, LLC is a technology-based enterprise that manufactures innovative flat-panel display entertainment, informative and communication systems for the automotive, corporate aviation, hospitality, rail and consumer markets. As the producer of the first integrated flat-panel display systems for the automotive industry, Rosen's strategy focuses on operating as a value-added supplier through synergy of its leading-edge technology and a systems approach. Founded in 1980, Rosen is a subsidiary of The Berwind Group, a 130-year-old privately owned enterprise with more than $1.5 billion in revenues.