(COMTEX) B: Spatializer Chairman/CEO Speaks at Intel Developer Forum B: Spatializer Chairman/CEO Speaks at Intel Developer Forum Conference February 28 Mandell Promotes Benefits of Virtual Audio Software Solutions SANTA CLARA, Calif., Feb 27, 2001 /PRNewswire via COMTEX/ -- Spatializer Audio Laboratories Inc. (OTC Bulletin Board: SPAZ), developer and marketer of the "de facto" standard for virtual surround sound, announced today that its Chairman and CEO Henry R. Mandell will be a featured speaker at the Intel Developer Forum, Spring 2001 Conference. (Photo: newscom.com ) The IDF Conference is considered the premier event for hardware and software developers seeking vital technology insight and a competitive advantage. With over 250 sessions and labs, attendees will receive essential technical information needed to build exciting new products. The conference convened February 26 and continues through March 1 at the San Jose Convention Center in San Jose, CA. Mandell is scheduled to speak tomorrow from 10:30 a.m. to 11:20 a.m. (http://www.intel94.com/idf/index2.asp). He will discuss how DSP design-in engineers can use soft audio technology to deliver rich immersive surround sound in digital home-based, portable and auto audio systems. "While engineers have focused their attention on delivering great video and graphics on the computer and other digital devices, they are finding that consumers won't settle for second-rate stereo sound," Mandell points out. "MPEG-3, VQF and AAC reduces sound file size but also delivers audio quality degradation. Soft audio psycho-acoustic technology economically compensates for these problems and allows engineers to economically tailor solutions for a wide array of specific applications." Mandell believes that the home PC is evolving as the nexus in the convergence of computing and entertainment and audio will drive this convergence in the consumer's mind. "Audio is crucial to any entertainment platform. Second-rate near-CD quality audio is not going to cut it long term," Mandell says. "The power of today's processor platforms, were, ten years ago, once reserved for large scale research projects. Today, these powerful, low-cost processors are being used in a dazzling array of entertainment applications. People expect the audio from entertainment devices to be reproduced as naturally as it was performed when digitally mastered and experienced in real life. They will expect and accept no less. Virtual audio software provides high performance, flexible, cost effective and turnkey solutions to meet the customer's expectations." IDF's objective is to provide an educational and interactive environment that addresses common technology challenges for software and hardware developers alike. Specifically, the IDF conference provides a worldwide graduate level technical training venue. Speakers deliver synergistic messages and training complete with direct access to industry experts in a collaborative engineering environment. This provides attendees with a checkpoint for their product plans and development cycles. Software/Web and hardware developers from OEMs, IHVs, OSVs and ISVs who want to be on the forefront of communications, client and server design will attend. IDF attendees include audio and video electronics industry engineers, developers, architects and technical managers. These developers are in the forefront of implementing leading edge technology, understanding the latest technology trends and determining how to adopt new technologies to improve future business performance. 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, LG, Zenith and Proton, in PC multimedia systems and peripherals from Apple and Labtec, in silicon from Matsushita, New Japan Radio Corporation, ESS, Zoran, Motorola, C-Cube, Tvia, 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 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 background news release, including the comments by Mr. Mandell in paragraphs three and four 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. NOTE: 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, Bob Jordan, 888-825-0743, spaz@mdcgroup.com; or media relations, Andy Marken, 408-986-0 00, andy@markencom.com, both for Spatializer Audio Laboratories I c. /Photo: newscom.com GO-b ) PRN Photo Desk, 888-776-6555 or 201-369-3467 URL: intel94.com spatializer.com prnewswire.com (C) 2001 PR Newswire. All rights reserved. -0- KEYWORD: California INDUSTRY KEYWORD: ENT CPR STW SUBJECT CODE: OTC *** end of story *** |