Forward-Looking Statements:

Except for the historical information contained herein, the statements made in this release with respect to Pioneer's plans, strategies, beliefs and other prospective matters are forward-looking statements that involve risk and uncertainty. Potential risks and uncertainties include, but are not limited to: general economic conditions in the Company's markets, particularly levels of consumer spending; exchange rates between the yen and other currencies, such as the U.S. dollar and the euro, in which the Company makes significant sales; continued competitive pricing pressures in the marketplace; the effect that competitive factors, and the Company's reaction to them, may have on the buying decisions of consumers and business customers with respect to the Company's products; and the Company's ability to continue to gain acceptance of its products, which are offered in highly competitive markets characterized by continual new product introductions, rapid developments in technology, and subjective and changing consumer and customer preferences.