EXHIBIT 99.1


[EMERSON LOGO]

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                               NEWS & INFORMATION
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FOR:        EMERSON RADIO CORP.
            9 Entin Road
            Parsippany, NJ 07054-0430

CONTACT:    EMERSON RADIO CORP.           OR:     INVESTOR RELATIONS:
            Guy A. Paglinco                       Robert Maffei
            Vice President,                       Investor Relations Manager
            Chief Financial Officer               (973) 428-2098
            (973) 428-2413

                                                  EPOCH FINANCIAL GROUP, INC.
                                                  Victor Thompson or
                                                  Todd Atenhan
                                                  (888) 917-5105

Wednesday, June 29, 2005


                              FOR IMMEDIATE RELEASE
                              ---------------------


   EMERSON RADIO CORP. COMPLETES THREE YEAR $42.5 MILLION FINANCING AGREEMENT

PARSIPPANY, N.J. - June 28, 2005 - Emerson Radio Corp. (AMEX:MSN) announced
today it has extended and increased its credit facility with a syndicate led by
PNC Bank, National Association, a member of The PNC Financial Services Group,
Inc. The new three year facility consists of a $35 million Senior Secured
Revolving Credit Facility ("Revolver") and a $7.5 million Senior Secured Term
Loan ("Term Loan"), totaling $42.5 million. The new Revolver replaces a $25
million Senior Secured Revolving Credit Facility, which was due to expire on
June 30, 2005. Proceeds from the new credit facility will be used for general
corporate purposes, working capital needs, and share repurchases.

"We are very pleased with this successful refinancing and the high level of
support from our banks, led by PNC Bank. The additional borrowing capacity will
provide us with substantial liquidity and the flexibility to support our
strategic plans," said Geoffrey P. Jurick, Chairman & Chief Executive Officer of
Emerson Radio Corp.




Emerson Radio News Release                                               Page 2


PNC Bank, N.A. is a member of The PNC Financial Services Group, Inc. [NYSE:
PNC]. PNC is one of the nation's largest diversified financial services
organizations, providing consumer and business banking; specialized services for
corporations and government entities, including corporate banking, real estate
finance and asset-based lending; wealth management; asset management and global
fund services.

Emerson Radio Corp. (AMEX:MSN), founded in 1948, is headquartered in Parsippany,
N.J. The Company designs, markets and licenses, throughout the world, full lines
of televisions and other video products, microwaves, clocks, radios, audio and
home theater products. Its 53.2% owned subsidiary, Sport Supply Group, Inc.
(OTC:SSPY) is a direct marketer of sports-related equipment and leisure products
to the institutional market, including schools, colleges, universities,
government agencies, military facilities, athletic clubs, athletic teams and
dealers, youth sports leagues and recreational organizations. 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. While these
statements reflect the Company's current beliefs and are based on assumptions
that the Company believes are reasonable, they are subject to uncertainties and
risks that could cause actual results to differ materially from anticipated
results. These risks and uncertainties are detailed from time to time 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.