Audiovox Corporation is a publicly traded company (Nasdaq: VOXX) located in Hauppauge, New York. Our company was founded in 1965 in the car radio distribution business and later went public in 1987. We became a pioneer in the wireless industry, selling our first vehicle-installed wireless telephones in 1984 as a natural expansion of our automotive aftermarket business. Our extensive distribution network and our long-standing industry relationships have allowed us to benefit from growing market opportunities in the wireless industry and to exploit niches in the consumer electronics business. During the third quarter of 1999, we became the third largest seller of wireless products and the second largest seller of CDMA handsets in North America. CDMA is currently the fastest growing technology in the wireless industry.
We operate in two primary markets: Wireless Communications and Electronics. Our Wireless group, a 95% owned subsidiary, accounts for approximately 80% of our revenue. They sell wireless handsets and accessories through Bell Operating Companies, domestic and international wireless carriers and their agents, independent distributors and retailers. Our Electronics group sells mobile entertainment products, mobile electronics and consumer electronics primarily to mass merchandiser retailers, specialty retailers, distributors to new car dealers, original equipment manufacturers (OEM's), and the U.S. military. To learn more about the types of products we sell, please browse through our catalog by clicking on "Product Info" to your left.
