QSound Labs Appoints New CFO
Ralph Ashman To Bring Over Three Decades Of Management Experience To Audio and E-Commerce Software Developer
CALGARY, Alberta--(BUSINESS WIRE)--Nov. 23, 1999--QSound Labs, Inc. (NASDAQ: QSND - news), an e-commerce software development company and a leading supplier of digital and analog audio solutions, announced today that Ralph Ashman has been appointed as the Company's new Chief Financial Officer.
``I am pleased to welcome Mr. Ashman to our management team. He brings to us over 30 years' experience in the computer software, telecommunications and semiconductor industries,' said David Gallagher, President and Chief Executive Officer of QSound Labs. ``We are pleased he has joined the QSound team and look forward to benefiting from his expertise.'
Mr. Ashman's career has spanned the complete spectrum of executive, financial and administrative management, including strategy formulation, controllership, treasury and market planning/execution. He has successfully provided financial management and senior level counsel in a wide variety of industries, from marketing to manufacturing to service. His resume reflects employment at firms such as Bell Canada, Northern Telecom Limited, FTP Software Canada Limited and LSI Logic Corporation. Mr. Ashman has also worked with companies in establishing and negotiating corporate strategic partnerships, which will add value to the continuation of QSound's technology alliance strategy.
About QSound Labs, Inc.
Since its inception in 1988, QSound Labs, Inc. has evolved into one of the world's leading audio technology companies and an e-commerce solution provider. The Company has developed proprietary, patent-protected audio solutions that include virtual surround sound, positional audio and stereo enhancement for the consumer electronics, multimedia PC, Internet and healthcare markets. The Company's cutting-edge audio technologies create 3D audio environments, allowing consumers to enjoy stereo surround sound from just two speakers. For more information, visit our Web site at qsound.com.
QSound Labs, Inc., Calgary
Investors:
Paula Murray, 954/796-8798
paula.murray@qsound.com
or
The MWW Group, New York
Public Relations:
212/704-9727
Rob Ferris
rferris@mww.com
Laura L. Kieley
lkieley@mww.com
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