EMERSON RADIO CORP. SCHEDULES THIRD QUARTER                  EARNINGS RELEASE AND CONFERENCE CALL
      PARSIPPANY, N.J.--Jan. 27, 2003--Emerson Radio Corp. ("Emerson") (AMEX:MSN) announced today that it will issue its financial results for the fiscal third quarter ending December 31, 2002 on Wednesday, January 29, 2003. The results will be released before the opening of the stock market.     Management will conduct a conference call at 10:00 a.m. (EST) on Thursday, January 30, 2003. The conference call will be broadcast live over the Internet at www.emersonradio.com. To listen to the live call, go to the web site at least 15 minutes early to download and install any necessary audio software. If you are unable to listen live, the conference call will be archived and can be accessed for approximately 30 days.
      EMERSON RADIO CORP., founded in 1948, is headquartered in Parsippany, N.J. The Company designs, markets and licenses, throughout the world, full lines of televisions, and other video products, microwave ovens, clocks, radios, audio and home theater products. Its 53.2% owned subsidiary, Sport Supply Group, Inc. (OTC:SSPY) is a direct marketer of sports-related equipment and leisure products to the institutional market, including schools, colleges, universities, government agencies, military facilities, athletic clubs, athletic teams and dealers, youth sports leagues and recreational organizations. Emerson's web site is www.emersonradio.com.
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      CONTACT: Emerson Radio Corp.              Kenneth A. Corby, 972/884-2302                 or              Investor Relations:              Laura Boorn, 972/884-2302
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