Vianale & Vianale LLP Announces Class Action Lawsuit Against Former Recoton Corporation Officers & Directors

The Florida law firm of Vianale & Vianale LLP announces that a class action lawsuit was filed on May 30, 2003, on behalf of purchasers of the securities of Recoton Corporation ("Recoton" or the "Company") (OTC: RCOTQ) between November 15, 1999 and August 19, 2002, inclusive. A copy of the complaint filed in this action can be viewed on Vianale & Vianale's website at: www.vianalelaw.com.

The action (6:03-CV-734-28-KRS) is pending before Judge Antoon in the United States District Court, Middle District of Florida, against defendants Arnold Kezsbom, Robert L. Borchardt, Stuart Mont and Tracy Clark.

The Complaint charges that the Company violated federal securities laws by falsely assuring the marketplace that it had adopted a "strategic business plan designed to improve operating efficiencies," as required by the Company's creditors as a condition to restructuring the Company's debt. Beginning in November 1999, the Company repeatedly reaffirmed that it had implemented its "strategic plan" and emphasized its success at improving operating efficiencies. The Company also stressed that it had established "a more incentive-based method of compensation" and "stringent financial controls." On May 8, 2002, however, the Company partially disclosed that it "did not anticipate the full implementation of the strategic plan until the end of May 2002." On August 19, 2002, the end of the class period, the Company revealed information showing that, contrary to its earlier statements on awarding only incentive-based compensation to management, bonuses had been paid to executives in advance of the Company's achievement of certain goals. The Company also revealed that it had granted additional price concessions to customers "on products previously purchased." The complaint alleges that defendants materially overstated revenue during the class period and failed to timely take material write-downs of inventory.

If you bought the securities of Recoton between November 15, 1999 to August 19, 2002, you may, no later than July 29, 2003 move the Court to appoint you as lead plaintiff, a representative party that acts on behalf of other class members. The Court must determine whether the class member's claim is typical of other class members' claims, and whether the class member will adequately represent the class. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Vianale & Vianale LLP, or other counsel of your choice, to serve as your counsel in this action.

Vianale & Vianale LLP is active in major litigations pending in federal and state courts. You may visit our web site (www.vianalelaw.com) for more firm information.

If you wish to discuss this action with us, or have any questions concerning this notice or your rights and interests with regard to the case, please contact:

Kenneth J. Vianale, Esq.
5355 Town Center Road
Suite 801
Boca Raton, Florida 33486
561-391-4900
e-mail: info@vianalelaw.com