History
In 1965, Audiovox was founded by John J. Shalam.
In 1975 Audiovox reached its first $100 million in sales.
In 1981 Audiovox entered the vehicle security market.
In 1984, Audiovox entered the cellular market with its first mobile unit and formed a strategic supply alliance with Toshiba Corp
In 1987, Audiovox IPO was listed as VOX on the American Stock Exchange.
In 1988, Audiovox shipped its first portable cellular telephone.
In 1991, the company split into two marketing groups: wireless and electronics; ACC introduced Minivox.
In 1994, Audiovox issued subordinated debentures.
In 1995, Audiovox Communications Corp. was formed as wholly owned subsidiary.
In 1996, ACC sold 1 million handsets; entered the consumer electronics marketplace with its first line of home and portable stereos; licensed the Audiovox brand for the first time; converted subordinated debentures; and began selling aftermarket mobile video systems.
In 1998, ACC shipped its first CDMA digital handset and introduced FRS (Family Radio Service) two-way radios.
In 1999, Audiovox reached $1 billion in sales with an 88% increase over 1998; 1999 ACC sales increased 110% and Audiovox Electronics sales increased 31%. ACC ranked number three overall and number two in the CDMA wireless market. Toshiba made a 5% equity investment in ACC. ACC shipped its first TDMA handset and introduced GSM phones for international use. The electronics division introduced its first web-related product. Audiovox FRS radios gained 20% market share. Audiovox announced a follow-on stock offering.
In 2000, Audiovox moved trading to Nasdaq under VOXX; announced an OEM contract with Nissan North America for the 2000 model year; formed Audiovox Electronics Corp, a wholly owned subsidiary for the marketing of consumer and mobile electronics; was added to the Russell 2000; received an OEM contract to supply mobile video for Ford 2001 models introduced its first MP3 Player; completed its follow-on stock offering and increased its public float by two million shares; and announced its first GMRS/GPS two-way radio.
In 2001, Audiovox reached a leadership position in the mobile video market. Its portable DVD players gained number three market share, and Audiovox ranked number 1 in CDMA handsets.
In 2002, Toshiba increased its investment in ACC to 25%.
In 2002, Audiovox acquired the assets of Code-Alarm Inc., a vehicle security company; launched Pocket PC with Microsoft format; entered the satellite radio market with products in both XM and Sirius formats; entered the PDA market with Verizon; and added Sprint to its marketing partners on the PDA products. Audiovox also debuted its first color screen phone and partnered with Buena Vista on Disney promotion.
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