(PR NEWSWIRE) Spatializer Audio Laboratories Inc. Launches New Licensing Init
Spatializer Audio Laboratories Inc. Launches New Licensing Initiative in China
ReignCom Ltd. Appointed Technology Marketing Representative in China
SANTA CLARA, Calif., April 2 /PRNewswire/ -- Spatializer Audio
Laboratories Inc. (OTC Bulletin Board: SPAZ) today announced the appointment
of ReignCom Ltd. as technology marketing representative in China. ReignCom is
a leading technical marketing and solutions provider with over twenty
employees in offices in Hong Kong, Shenzhen, Xiamen and Beijing. Among
ReignCom's distribution lines are semiconductors from Cirrus Logic and
LuxSonor.
(Photo: newscom.com )
"The Chinese market, aside from its size and potential, is transitioning
from VCD to DVD quite rapidly," says Henry R. Mandell, chairman and chief
executive officer of Spatializer Audio Laboratories Inc. "We already have
good working relationships with C-Cube and Zoran, the two largest providers of
video decoders in the Chinese market. Our software is already compatible with
the two video decoder leaders in the market. Combine that with a shift to DVD
and a push in China for DVD player exports and this becomes the opportune time
for us to make our move and pick up the pace of our licensing activities in
China. We are very pleased to be allied with an aggressive and professional
organization such as ReignCom and we look forward to a long and mutually
successful association."
"We are very excited to be working with Spatializer in developing the
Chinese market," says Joon Yang, president and chief executive officer of
ReignCom Ltd. "Over the past few years, we have successfully built our
company by providing effective solutions and marketing acumen with a view
toward long term partnerships. Spatializer's technology and its relationships
with the top semiconductor companies serving the Chinese market are powerful
tools that we intend to leverage to the fullest."
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, LinkUp 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 the company's web site,
www.spatializer.com, 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.
About ReignCom Limited
ReignCom Ltd. is one of the leading technical marketing and solutions
providers in Korea and Hong Kong. ReignCom was founded in 1997 as a research
and engineering company and developed the first VCD solution, which was
introduced in the Chinese market in 1998. In 1999, ReignCom launched its
semiconductor marketing division and since then, was appointed agent for
Cirrus Logic, Ambient, Microtune, LuxSonor and NETsilicon.
Safe Harbor Act Statement Under the Private Securities Litigation Reform
Act of 1995: Certain information in this background news release, including
the comments by Mssrs. Mandell and Yang in this press 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 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. All other trademarks are the property of their respective
owners.
SOURCE Spatializer Audio Laboratories Inc.
-0- 04/02/2001
/NOTE TO EDITORS: For recent backgrounder profile on Spatializer Audio
Laboratories Inc., please refer to:
biz.yahoo.com
/CONTACT: Investor Relations, David Castaneda or Bob Jordan, both of MDC
Group Inc., 888-825-0743, spaz@mdcgroup.com, for Spatializer Audio
Laboratories Inc./
/Photo: NewsCom: newscom.com
PRN Photo Desk, 888-776-6555 or 201-369-3467/
/Web site: spatializer.com
(SPAZ)
CO: Spatializer Audio Laboratories Inc.; ReignCom Ltd.
ST: California, China
IN: CPR MLM STW OTC
SU:
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