These articles make it look like a turnaround situation.IMO
Best, Savant
PR Newswire - April 27, 1999 09:45
First Quarter 1999 Financial Results Prove Effectiveness of Corporate Repositioning and Restructuring Strategy
WOODLAND HILLS, Calif., April 27 /PRNewswire/ -- Spatializer Audio Laboratories, Inc. (OTC Bulletin Board: SPAZ) today announced its first profitability in its history and financial results for the first quarter ended March 31, 1999.
The company reported net income for the quarter of $2,000, ($0.00) basic and diluted per share, compared with a net loss of $920,000 ($0.04) basic per share in the comparable period last year, an increase of 100%.
Revenues for the first quarter of fiscal 1999 were $358,000, compared to revenues of $523,000 in the first quarter of fiscal 1998, a decrease of 32%.
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Spatializer Announces Internet Applications Group, spatializer.com to Focus on Internet Audio Products
PR Newswire - May 18, 1999 09:45
Spatializer Partners with Xing Labs to Develop Spatializer StreamFX to Provide Audio Enhancement for Xing Labs' Soft DVD Players
WOODLAND HILLS, Calif., May 18 /PRNewswire/ -- Spatializer Audio Laboratories, Inc. (OTC Bulletin Board: SPAZ) announced today its Internet Initiative with the formation of spatializer.com(TM), a new business unit to develop and market, through e-commerce channels, Spatializer technology for streaming audio applications over the Internet. Phase one of this initiative is the release of its latest product, Spatializer StreamFX(TM), designed specifically to deliver enhanced audio output from streaming Internet media applications and for Soft DVD players. StreamFX was developed by Spatializer in collaboration with Xing Labs for their XingDVD player and will be available for download at leading audio web sites and portals within the next few weeks.
The new business unit, spatializer.com(TM), will develop plug-in applications for the consumer market utilizing Spatializer's acclaimed audio technologies for soft DVD players, WinAmp(TM) and other MP3 and other streaming audio standards. In later product roll-outs, spatializer.com plans to offer an entire suite of audio enhancement plug-ins designed for specific applications to be offered individually or in packages for download over the Internet. In addition, spatializer.com intends to offer plug-ins available over the Internet for professional and semi-pro applications, building upon its prominent position in the professional audio recording market with its PT3D(TM) sound imaging and enhancement technology, now available only through audio dealers. The new business unit, spatializer.com will be headed by Peter Birch, the Company's Senior Vice President, Sales and Marketing.
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