The Board of Bogen Communications International Inc. (OTCPK:BOGN) announced the spin-off of Bogen Corporation on October 31, 2012. Bogen will distribute all of the shares of Bogen Corporation common stock on a pro rata basis to the holders of Bogen common stock holding shares as of the record date, November 19, 2012. The distribution of the shares will occur on December 21, 2012. Anyone who purchases Bogen stock after November 19, 2012, will not receive the shares of Bogen Corp., which will be distributed only to the holders of record date. As of the record date, 70.7% of the shares of Bogen were held by Directors or Executive officers of Bogen or its affiliates. All of Bogen's Directors and certain Executive officers have indicated that they intend to vote, in their capacity as shareholders of Bogen Communications, in favor of the spin - off of Bogen Corp.

The Board of Directors of Bogen Communications International, Inc. approved the spin-off of Bogen Corporation. The deal is subject to approval from Bogen Communications International's shareholders. The shareholder meeting will be held on November 29, 2012. As November 29, 2012, Bogen Communications shareholders approved the deal. Payment date for transaction is December 21, 2012. The Board of Bogen Communications International Inc. (OTCPK:BOGN) completed the spin-off of Bogen Corporation in December 2012.