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ROBESON INDUSTRIES CORPORATION ENTERS INTO AGREEMENT IN PRINCIPLE FOR WORLD-WIDE DISTRIBUTION OF EMERSON HOUSEHOLD APPLIANCES

 PLAINFIELD, N.J., Dec. 30 /PRNewswire/ -- Robeson Industries Corp. (NASDAQ: RBSN), a leading manufacturer and marketer of household appliances, has agreed in principle with a Joint Venture consisting of Emerson Radio Corp. (NYSE: EME) and Extech Corporation (NASDAQ: EXTH) to the licensing of the Emerson name for world-wide distribution of certain small kitchen and household appliances. Such license is subject to approval by the respective boards of directors of each of Emerson, Extech and Robeson, and the execution of definitive agreements.
 Martin J. Holleran, president and chief operating officer of Emerson stated that, "We believe that the combination of Robeson's quality programs and the recognition of the Emerson brand name should result in a favorable reception in the marketplace for such small kitchen and household appliances."
 Morton L. Certilman, president of Extech Corporation, speaking on behalf of the joint venture stated, "We anticipate domestic marketing will commence in the first half of 1993 and international marketing, particularly in western and eastern Europe and in South and Central America, will follow shortly thereafter."
 John Raab, president of Robeson stated, "Robeson household products have been in American homes since 1879. We look forward to expanding our household appliance market through participation in the distribution of an Emerson line of products."
 Emerson Radio Corp. designs and markets a full line of popularly priced consumer electronics products. The scope of the company's products includes television, video cassette recorders, portable compact disc players, radios, stereo systems, tape players and recorders, and microwave ovens.
 Robeson Industries Corporation is a leading manufacturer and marketer of household appliances, which has developed a series of value added accessories and combination kitchen appliance sets.
 Extech Corporation is a public company in the hotel business which recently entered the home appliance business.
 -0- 12/30/92
 /CONTACT: John Raab, president of Robeson Industries Corp., 908-756-2001, or Eugene I. Davis, executive vice president of Emerson Radio Corporation, 201-854-6600, or Morton L. Certilman, president of Extech Corporation, 516-794-6300/
 (RBSN EME)


CO: Robeson Industries Corporation; Emerson Radio Corp.; Extech
 Corporation ST: New Jersey IN: HOU SU: JVN


AH-OS -- NY042 -- 0711 12/30/92 16:48 EST
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Publication:PR Newswire
Date:Dec 30, 1992
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