FOR IMMEDIATE RELEASE

October 16, 1998

Wayne, New Jersey (October 1, 1998) -- JVC Americas Corp., one of the world's leading developers and manufacturers of sophisticated audio and video equipment for professionals and consumers, has purchased a new and larger corporate headquarters in Wayne, New Jersey.

JVC recently moved from its long-time corporate headquarters in Elmwood Park, New Jersey, a facility JVC occupied since 1980, to a new headquarters located in the spacious, 69,000-square-foot former American Cyanamid building. JVC's new address is 1700 Valley Road, Wayne, New Jersey 07470.

JVC Americas Corp.'s new building houses JVC Company of America, JVC PROFESSIONAL PRODUCTS COMPANY, the East Coast Sales Branch and JVC Service Company of America.

JVC's relocation goal was to remain in northern New Jersey, but to move to a building with ample square footage and extra land for future expansion. The Valley Road property presented an ideal opportunity.

Customers who need to contact JVC can continue to call JVC's toll free number (800) 526-5308, or may use the new main number at (973) 315-5000. The new main fax number is (973) 315-5010.