(COMTEX) B: SPATIALIZER AUDIO LABORATORIES INC
B: SPATIALIZER AUDIO LABORATORIES INC
New York, New York, Aug. 16, 2000 (Market News Publishing via COMTEX) --
Spatializer Audio Laboratories Inc. announced that Toshiba Corporation has
included Spatializer N-2-2 virtual surround sound software in its SD2300 DVD
player, the first from Toshiba utilizing the powerful interactive capabilities
of the NUON processor developed by VM Labs, Inc. The Toshiba SD2300 DVD player
is planned to commence shipping in the third quarter of 2000.
"It is very exciting for us to have our premier surround sound software be
recognized once again as the best in the market. We feel that it is truly an
honor to be a part of the launch of this new technology which offers an
unparalleled DVD experience," said Henry R. Mandell, Chairman and Chief
Executive Officer of Spatializer Audio Laboratories, Inc. "Although we have been
an important feature in Toshiba's DVD player line-up for the last two years, our
inclusion in their new product launch reaffirms Spatializer's technologies as
the standard in digital audio enhancement. Equally exciting for us is the
opportunity to showcase our software technology in devices with the interactive
and gaming capability such as this NUON-based device."
"We are most enthusiastic about the launch of our new Toshiba SD2300 DVD player.
The NUON technology combined with the unsurpassed performance of Toshiba's video
and audio capabilities will make for a compelling family entertainment
experience, whether it be viewing DVD, listening to music or playing
state-of-the-art video games. We are pleased that Spatializer N-2-2 is once
again an important part of the audio package, as we believe that it adds
significant value to our complete range of DVD players and to our customer's
overall entertainment experience," said Terou Kiriyama, Senior Manager, DVD
Department, Digital Media Network Company of Toshiba Corporation.
Headquartered in Tokyo, Toshiba Corporation is a leader in information and
communications systems, electronics components, consumer products and power
systems. Among its achievements include the largest share of the world portable
PC market. Toshiba's World Wide Web site is located at
toshiba.co.jp.
Spatializer Audio Laboratories, Inc. is a leading developer, licensor and
marketer of next-generation technologies and software for the consumer
electronics, computing and entertainment industries. The company's advanced
digital audio technology is incorporated into consumer electronics audio, video
and DVD products from global brand leaders including Toshiba, JVC, Panasonic,
Hitachi, Samsung, Acer, Sharp, Sanyo, LG, Emerson, Zenith and Proton, in PC
multimedia systems and peripherals from Apple, Dell, Gateway, Hewlett Packard,
Sony, Fujitsu, Seiko-Epson, NEC, Micron and Labtec, in silicon from Matsushita,
New Japan Radio Corporation, ESS, Zoran, Motorola, C-Cube, OnChip Systems, and
Acer Laboratories Inc, and in software compatible with softMP3 players such as
WinAmp and XingMP3, and in leading DSP and Wintel platforms.
Spatializer stock is traded on the OTC Bulletin Board under the symbol: SPAZ.
The company is headquartered in Woodlands Hills, CA., and has marketing,
engineering and R&D facilities in Santa Clara, CA, and Tokyo, Japan. Further
information may be obtained from Spatializer's SEC filings, by contacting the
Company's Investor Relations Department toll-free at 888-825-0743. For Media
inquiries please contact Marken Communications at 408-986-0100.
Safe Harbor Act Statement Under the Private Securities Litigation Reform Act of
1995: Certain information in this news release, including the comments by Mr.
Mandell in paragraph two 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 the continued
need for additional capital, 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, and other risks detailed from time to time in the Company's periodic
reports filed with the Securities and Exchange Commission.
Notices: Spatializer is a registered trademark and Spatializer N-2-2(TM) is a
trademark of Desper Products, Inc. Desper Products, Inc. is a wholly owned
subsidiary of Spatializer Audio Laboratories, Inc. NUON(TM) is a trademark of VM
Labs, Inc.
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