SOURCE: Emerson Radio Corp.

April 04, 2007 07:15 ET

Emerson Radio Receives "Partner Award of Excellence" From Target Corporation for Second Straight Year

Company Is First Time Repeat Winner of This Prestigious Award in the Houseware Category

PARSIPPANY, NJ -- (MARKET WIRE) -- April 4, 2007 -- Emerson Radio Corp. (AMEX: MSN) announced today that Target Corporation's houseware group has presented Emerson with its Partner of the Year award for 2006. This is the second straight year that Emerson has received this award from Target's houseware group.

The Partner of the Year honor recognizes Emerson Radio's "innovative leadership, superior business practices and commitment to (Target's) core strategies of Differentiation, Value and Reliability." Emerson has a strong presence at Target with its microwave line and is currently launching a new wine cooler line there as well. The Company was the sole vendor to win in the houseware category this year.

"The Emerson Radio family is humbled by Target's recognition of our great partnership," said Mr. Eduard Will, Emerson Radio Corp. President - North American Operations. "We value immensely our relationship with Target and appreciate the wonderful synergies of working with this leading mass merchandiser. We are pleased with the performance of our line of products within the Target sales environment and look forward to continued success with Target, where we anticipate maintaining superior volume performance as we roll out exciting new lines."

Target's Partners of Excellence are selectively awarded by the merchandiser's Chairman and CEO based on a variety of performance measures. Emerson Radio received the award on March 21, 2007.

About Emerson Radio

Emerson Radio Corp. (AMEX: MSN), founded in 1948, is headquartered in Parsippany, N.J. The Company designs, markets and licenses, worldwide, full lines of televisions and other video products, microwaves, clocks, radios, audio and home theater products. Emerson's web site is www.emersonradio.com

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 Emerson's reports as filed with the Securities and Exchange Commission. Emerson assumes no obligation to update the information contained in this news release.

Contact Information

  • CONTACT:
    Emerson Radio Corp.
    Greenfield Pitts
    Chief Financial Officer
    (212) 521-4344

    Investor Relations:
    Robert Maffei
    Investor Relations Manager
    (973) 428-2098

    Brainerd Communicators, Inc.
    Jonathan Schaffer / Brad Edwards
    (212) 986-6667

    Media Relations:
    Brainerd Communicators, Inc.
    Scott Cianciulli
    (212) 986-6667