DD; thanx for wonderful SPAZ/Toshiba news; D.G.L. will be very happy; $2 here we come:
Wednesday July 26, 8:31 am Eastern Time
Company Press Release
SOURCE: Spatializer Audio Laboratories, Inc.
Spatializer N-2-2 Included in Two New Portable DVD Players From Toshiba Corporation
Latest Design Wins Debut Spatializer N-2-2 Virtual Surround Sound in the Portable DVD Player Market
WOODLAND HILLS, Calif., July 26 /PRNewswire/ -- Spatializer Audio Laboratories Inc. (OTC Bulletin Board: SPAZ - news) announced today that Toshiba Corporation has incorporated Spatializer N-2-2 Virtual Surround Sound in their first line of portable DVD-ROM/Video Players. Toshiba MED300AS incorporates a 5.8-inch low-temperature polysilicon TFT LCD with a resolution of 800x480 dots to play DVD without any loss of resolution. The resolution is four times better than that of an amorphous type. The MED200AS is the world smallest and lightest portable DVD video player without a LCD screen. Both models can connect to a PC and feature Spatializer N-2-2 with both on-board speaker (MED300AS) and headphone settings. They can be used as a 4x DVD-ROM drive and 24x CD-ROM drive to read CD-ROM, video CD, music CD, CD-R and CD-RW.
``We are pleased that Toshiba Corporation has once again selected Spatializer N-2-2, this time for their exciting new line of portable DVD players,'' said Henry R. Mandell, Chairman and Chief Executive Officer of Spatializer Audio Laboratories, Inc. ``We have worked together for quite some time with Toshiba Corporation on their DVD products, but it is always a privilege to be involved with an entirely new product launch, especially with a product of this caliber. Equally exciting for us is the opportunity to showcase our technology in portable devices such as these, including our headphone application of N-2-2. We recently announced our strategic initiative to broaden the use of our applications in the exploding portable digital products market. This is the first in what we believe will be many transactions to expand the use of our DigitalFX(TM) technology. ''
``We are most enthusiastic about the launch of our new line of portable DVD-ROM/Video players and are pleased to again be offering our customers Spatializer N-2-2,'' said Hiroyuki Sakamoto, Senior Manager of the newly formed Mobile AV Network Division, Digital Media Equipment & Services Company, Toshiba Corporation. ``Spatializer was the provider who could offer us the best audio enhancement solutions to help us increase our product sales in the global DVD market. Spatializer N-2-2 'has been well received by our customers, and we believe that 'Spatializer N-2-2 adds significant value to our complete range of DVD products and to our customer's entertainment experience.''
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 Website is located at toshiba.co.jp.
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, 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, NJRC, OnChip Systems, and Acer Laboratories Inc, 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 Woodland Hills, Calif. and has marketing, engineering and R&D facilities in Santa Clara, Calif. and Tokyo. Further information may be obtained from Spatializer's SEC filings, website (www.spatializer.com) or by contacting Spatializer at 1-888-825-0743 or e-mail to spaz@mdcgroup.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 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 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 N-2-2(TM) is a trademark of Desper Products, Inc.
SOURCE: Spatializer Audio Laboratories, Inc.
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