Portion of Fourth Quarter Sales to be Donated to Homes For Our Troops Organization
CHICAGO, Sept. 29 /PRNewswire-FirstCall/ -- Cobra Electronics (Nasdaq: COBR) today announced its partnership with the Homes for Our Troops organization to donate a portion of its fourth quarter sales to the building of or retrofitting of homes for injured war veterans. Cobra will donate proceeds from its Citizens Band radios, radar detection and navigation system sales to the Homes for Our Troops program starting October 1 through December 31, 2009.
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Homes for Our Troops is a non-profit organization that provides specially adapted homes for severely injured veterans at no cost to them. They assist severely injured Servicemen and Women and their immediate families by raising donations of money, building materials and professional labor and then coordinating the process of building a new home or adapting an existing home for handicapped accessibility.
"Cobra has been a proud and long time supporter of our armed forces and our servicemen and women," said Jim Bazet, CEO and Chairman of Cobra Electronics. "This is our opportunity to give something back to them for all the sacrifices they had made for us."
"Homes for Our Troops is honored to be the beneficiary of this tremendous fundraising effort by Cobra Electronics. Our success in providing severely injured veterans with homes specially designed to give back the freedom and independence they once knew, relies on the support of our corporate friends across the country. Cobra Electronics is one of those friends that understands the importance of supporting our American heroes and we thank them."
Cobra has a long history of supporting our troops through product donations as well as employee driven programs such as bake sales, raffles, and care packages for our soldiers. In August of 2009, Cobra introduced its 29 LTD ARMY radio, a U.S. Army co-branded CB radio and officially licensed product of the U.S. Army as a salute to our American troops.
For more information on the products part of this promotion or to find out where to purchase them, please visit www.cobra.com/homesforourtroops. For more information on Homes for Our Troops or to make a donation, visit www.homesforourtroops.org.
About Cobra Electronics
Cobra Electronics is a leading global designer and marketer of communication and navigation products, with a track record of delivering innovative and award-winning products. Building upon its leadership position in the GMRS/FRS two-way radio, radar detector and Citizens Band radio industries, Cobra identified new growth opportunities and has aggressively expanded into the marine market and has expanded its European operations. The Consumer Electronics Association, Forbes and Deloitte & Touche have all recently recognized Cobra for the company's innovation and industry leadership. To learn more about Cobra Electronics, please visit the Cobra site at www.cobra.com.
About Homes for Our Troops
Homes for Our Troops is a national non-profit 501(c) 3 organization based in Taunton, MA founded by John Gonsalves in 2004 (see: www.homesforourtroops.org).
Homes for Our Troops mission is to build specially adapted homes for severely injured veterans who have returned from Iraq and Afghanistan. All specially adapted homes are built at no cost to the veteran thanks to donations from thousands of individuals, foundation grants, corporate sponsors, professional trades people and generous support from countless volunteers.
Homes for Our Troops is proud to be listed in the American Institute of Philanthropy's top rated Veterans & Military Charities where it enjoys an A rating. It has received a Four Star Rating from Charity Navigator. Homes for Our Troops is a member of the National Association of Home Builders and the US Green Building Council.
SOURCE Cobra Electronics
For further information: Christopher Kooistra of Cobra Electronics, +1-773-804-6375, ckooistra@cobra.com
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