Emerson Radio Corp. Extends Licensing Agreement With Funai Corporation, Inc.
18 Diciembre 2013 - 3:46PM
Marketwired
Emerson Radio Corp. Extends Licensing Agreement With Funai
Corporation, Inc.
HACKENSACK, NJ--(Marketwired - Dec 18, 2013) - On December 15,
2013, and effective as of November 26, 2013, Emerson Radio Corp.
(NYSEMKT: 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® 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. (NYSEMKT: 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
www.emersonradio.com.
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 Hackensack, NJ
07601
CONTACT: Investor Relations: Barry Smith Investor Relations
Manager (973) 428-2004
Emerson Radio (AMEX:MSN)
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