EXHIBIT 99.1
NEWS & INFORMATION
FOR: | EMERSON RADIO CORP. | |||
| 610 Fifth Ave | ||||
| New York, NY 10020 | ||||
CONTACT: | Emerson Radio Corp. or: | Investor Relations: | ||
| Greenfield Pitts | Robert Maffei | |||
| Chief Financial Officer | Investor Relations Manager | |||
| (212) 897-5441 | (973) 428-2098 | |||
| Brainerd Communicators | ||||
| Brad Edwards or | ||||
| Denise Roche | ||||
| (212) 986-6667 | ||||
| Media Relations: | ||||
| Brainerd Communicators, Inc. | ||||
| Scott Cianciulli | ||||
| (212) 986-6667 |
Friday, July 18, 2008
EMERSON RADIO CORP. ACCEPTS RESIGNATIONS OF TWO BOARD MEMBERS
PARSIPPANY, N.J. – July 18, 2008– Emerson Radio Corp. (AMEX:MSN) today announced it has accepted the resignations of W. Michael Driscoll and David R. Peterson from its board of directors.
Mr. Driscoll joined the Company’s board of directors in 2006 and served as an independent director as well as Chairman of the Audit Committee. Mr. Driscoll notified the Company of his resignation in a letter to the board of directors received on July 14, 2008. A copy of this letter will be filed with the Securities and Exchange Commission (SEC) as an exhibit to a Current Report on Form 8-K
Mr. Peterson, who joined the Company’s board of directors in 2007, informed the Company that he resigned, effective immediately.
About Emerson Radio Corp.
Emerson Radio Corporation (AMEX:MSN), founded in 1948, is headquartered in Parsippany, N.J. The Company designs, markets and licenses, worldwide, a variety of consumer electronics and home appliances including microwaves and wine coolers, clock radios, full lines of televisions and other video
products, and audio and home theater products. For more information, please visit Emerson Radio’s Web site atwww.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.
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