Koss Terminates V.P. of Finance and Warns That Financial Statements Are Unreliable Since at Least 2006

MILWAUKEE, WI–(Marketwire – December 24, 2009) – Koss Corporation (NASDAQ: KOSS), the U.S.
based high-fidelity stereophone leader, announced that following the
discovery of unauthorized financial transactions, Sujata Sachdeva, the
Company’s Vice President of Finance and Secretary, has been terminated.
Ms. Sachdeva served as the Company’s Principal Accounting Officer. Also,
two members of the Company’s accounting staff who served under Ms. Sachdeva
were placed on unpaid administrative leave.