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ONKYO U.S.A. CORPORATION ANNOUNCES NEW INVESTOR

 RAMSEY, N.J., April 26 /PRNewswire/ -- Onkyo U.S.A. Corporation announced that Mr. Naoto Ohtsuki, a leading Japanese industrialist, will be making a significant investment in the international operations of Onkyo Corporation. Mr. Ohtsuki will acquire shares in Onkyo from Toshiba Corporation.
 "The investment in Onkyo by Mr. Ohtsuki is an exciting and very positive development," says Ted Green, vice president of sales and marketing. "The strength of his holdings greatly compliments the marketing and manufacturing expertise of Onkyo and its international subsidiaries."
 Mr. Ohtsuki has an interest in a number of high technology and manufacturing companies in a variety of industries including office products and consumer audio and video.
 "We take this investment as a vote of confidence for Onkyo," Green added. "It recognizes the excellent market position and strength we have achieved in this difficult economy. We see tremendous synergistic potential ahead."
 Onkyo Corporation was founded in 1946, and is today a leading manufacturer of high consumer electronics products.
 -0- 4/26/93
 /CONTACT: Borman Associates, 908-233-8800, for Onkyo/


CO: Onkyo U.S.A. ST: New Jersey IN: CPR SU:

KD-LR -- NY044 -- 0579 04/26/93 10:42 EDT
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Publication:PR Newswire
Date:Apr 26, 1993
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