SPAZ/CES Awards.......................
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Thursday January 25, 6:30 am Eastern Time
Press Release
SOURCE: Spatializer Audio Laboratories Inc.
CES 2001 Innovations Design and Engineering Showcase Awards Given to Two Toshiba DVD Players With Spatializer N-2-2(TM) Virtual Surround Sound Technology
Toshiba SD2300 Enhanced DVD Player With the VM Labs NUON Processor And SDP 1000 Portable Player With the Zoran Vaddis Processor Acclaimed As 'Innovative Products'
SANTA CLARA, Calif., Jan. 25 /PRNewswire/ -- Spatializer Audio Laboratories Inc. (OTC Bulletin Board: SPAZ - news), developer and marketer of the de facto standard for virtual surround sound, announced today that two Toshiba DVD Players were given the prestigious 2001 Innovations Award in the video category at the CES Show in Las Vegas earlier this month.
``Spatializer Audio Laboratories congratulates all of our business partners: Toshiba Corporation, Zoran Corporation (Nasdaq: ZRAN - news) and VM Labs, in winning this prestigious award. It is most gratifying to see DVD Players, which include Spatializer N-2-2(TM), being recognized for their innovation. Spatializer N-2-2(TM) has become the de facto standard for virtual surround sound within the DVD industry and it's a logical extension that the manufacturers of these award-winning products selected our technology to enhance their audio components,'' says Chairman/CEO Henry R. Mandell of Spatializer Audio Laboratories.
Both the Toshiba SD2300 NUON-Enhanced DVD-Video Player and the Toshiba SDP1000 Portable DVD Player were recognized for their innovations. The award-winning DVD players are manufactured by Toshiba America Consumer Products (www.toshiba.com).
About Spatializer
Spatializer Audio Laboratories Inc. is a leading developer, licensor and marketer of next-generation technologies for the consumer electronics, computing and entertainment industries. The company's advanced 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, Goldstar, 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, VM Labs and Acer Laboratories Inc, and in software compatible with MP3 players such as WinAmp and embedded with RISC cores from MIPS Technologies.
Spatializer stock is traded on the OTC Bulletin Board under the symbol: SPAZ. The company is headquartered in Santa Clara, CA, with marketing offices in Tokyo, Japan. Further information may be obtained by visiting the company's website at www.spatializer.com or from Spatializer's SEC filings, and by contacting the company's Investor Relations Department toll-free at 888-825-0743 or by writing to spaz@mdcgroup.com. For media inquiries, please contact Marken Communications at 408-986-0100 or by writing to Andy@MarkenCom.com.
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 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: Desper Products Inc. is a wholly owned subsidiary of Spatializer Audio Laboratories Inc. Spatializer® is a registered trademark and Spatializer N-2-2(TM) is a trademark of Desper Products Inc. Any other trademarks mentioned herein are the property of their respective owners.
SOURCE: Spatializer Audio Laboratories Inc.
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