(COMTEX) B: Spatializer CEO Henry R. Mandell Outlines Growth Initiati
B: Spatializer CEO Henry R. Mandell Outlines Growth Initiatives on CEOcast.com
WOODLAND HILLS, Calif., Jul 20, 2000 /PRNewswire via COMTEX/ -- Spatializer
Audio Laboratories Inc. (OTC Bulletin Board: SPAZ) announced today that it has
been featured on CEOcast.com, where Henry R. Mandell, Spatializer's Chairman and
CEO, outlined the Company's growth initiatives and discussed its recently
announced strategic alliance with Samsung Electronics Co. Ltd. The interview may
be heard at www.ceocast.com
CEOcast describes itself as the premier source of original and syndicated
streaming broadcast interviews of Chief Executive Officers at public and private
news-making companies. Organized by industry, its analysts average over 15 years
experience covering and evaluating Wall Street's leading companies. CEOcast
states that its programming is distributed to millions of on-line investors at
over 700 financial web sites as well as to more than 20,000 portfolio managers,
buy-side analysts and traders at more than 3,300 North American institutions.
Content is also disseminated to over 7,000 investment research professionals
representing over 425 institutions.
In this interview Mr. Mandell describes how Spatializer's unique technology
portfolio has already had a major impact on the rapidly expanding DVD market and
that its technology is used in more brands of DVD players than any other virtual
surround sound technology. Mr. Mandell said, "Spatializer's advanced software is
already incorporated into consumer electronics, audio, video, and DVD products.
Our clients include many of the world's leading consumer electronic
manufacturers such as Toshiba, Panasonic, Hitachi, Sharp, Samsung, Goldstar,
Acer, Zenith and Sanyo. We are also a major player in the PC, Internet and
peripheral products markets supplying companies such as Compaq, Apple, Dell,
Gateway, NEC and many others."
Mr. Mandell also shared that the company's focus is on leveraging its
long-standing relationships to the fullest to ensure that each new wave of
digital audio products contains Spatializer software. These products -- DVD,
MP3, set top boxes, computers, games and scores of other applications --
constitute a multi-billion dollar market.
Spatializer stock is traded on the OTC Bulletin Board under the symbol "SPAZ."
The company is headquartered in Woodland Hills, Calif. and has marketing,
engineering and R&D facilities in Santa Clara, Calif. and Tokyo. Further
information may be obtained from Spatializer's SEC filings, web-site
(www.spatializer.com) or by contacting the company's Investor & Media Relations
department toll-free at 888-825-0743.
Safe Harbor Act Statement Under the Private Securities Litigation Reform Act of
1995: Certain information in this news release are forward looking statements
that are based on management's belief, as well as assumptions made by, and
information currently available to management.
While the Company believes that its expectations are based upon reasonable
assumptions, there can be no assurances that the Company's financial goals will
be realized. Numerous uncertainties and risk factors may affect the Company's
actual results and may cause results to differ materially from those expressed
in forward-looking statements made by or on behalf of the Company. These
uncertainties and risk factors include, but are not limited to dependence on new
technology and intellectual property, dependence on the PC and consumer
electronics industries, dependence on product shipments of third- party
licensees, competition and pricing pressures, the timing and realizable value of
the MDT technology, and other risks detailed from time to time in the Company's
periodic reports filed with the Securities and Exchange Commission.
Notices: Desper Products, Inc. is a wholly owned subsidiary of Spatializer Audio
Laboratories, Inc. Spatializer(R) is a registered trademark of Desper Products,
Inc.
SOURCE Spatializer Audio Laboratories Inc.
CONTACT: Investor Relations for Spatializer Audio Laboratories Inc.,
1-888-825-0743, spaz@mdcgroup.com
URL: ceocast.com
spatializer.com
prnewswire.com
(C) 2000 PR Newswire. All rights reserved.
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KEYWORD: California
INDUSTRY KEYWORD: MLM
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CPR
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SUBJECT CODE: OTC
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