FOR IMMEDIATE RELEASE

October 16,1998

Wayne, NJ, (October 9, 1998) -- JVC is pleased to announce that the Anti-Defamation League (ADL) will honor Harry Elias, Chief Operating Officer and Executive Vice President for JVC Company of America, for his leadership and humanitarian efforts with the first annual Patricia Rienzi Legacy Award.

The award, which will be conferred at a Testimonial Dinner Dance and Presentation on November 21 in New York City, was created to posthumously commemorate last year's Journal Chair and long-time supporter, Patricia Rienzi, of the Sanyo Fisher Company.

Mr. Elias, an icon in the consumer electronics industry, is being recognized for his personal dedication to excellence and leadership he has demonstrated in more than 30 years of service.

Born and raised in Brooklyn, NY, Mr. Elias began his career pounding the pavement and riding the "A" train as a salesman for Vim's electronics store more than a quarter of a century ago. After 10 years, Mr. Elias joined JVC as a salesman and made it his mission to put JVC on the map in the U.S. He has achieved his goal, becoming a driving force behind the company's product development and sales in the process.

In addition to this prestigious award by the ADL, Mr. Elias was recently honored by the UJA-Federation, Consumer Electronics Division, during the organization's celebration of their silver anniversary. Mr. Elias also was the recipient of the Anti-Defamation League (ADL) of B'nai B'rith "Torch of Liberty" Award in 1983, received a "Special Recognition" Award from ADL and served as Chairman of ADL in 1990. Elected as Chairman of the Video Division of CEMA (Consumer Electronics Manufacturers Association), Mr. Elias also serves on the Board of Directors of the Electronic Industries Association and is a member of the International Tape Association. Mr. Elias lives in New Jersey with his wife Gladys. The couple have three children and two grandchildren.

Other Award Recipients

Other recipients being honored by the Anti-Defamation League are Edward Kelly, Chairman of Nationwide Television & Appliances, who will receive the S. David Feir Humanitarian Award; and Thomas J. Purcell, Senior Vice President of Sales & Marketing, Fedders North America, who will receive the Torch of Liberty Award. Dinner Chair is Saul Gold, NATM Buying Corporation, and Tribute Journal Chair is Lois Whitman, HWH Public Relations. Tickets are available at $400 apiece or $4,000 per table by calling Hy Friedman at (212) 885-7865. The Anti-Defamation League, founded in 1913, is the world's leading organization fighting anti-Semitism through programs and services that counteract hatred, prejudice and bigotry.