by Deloitte & Touche Technology Fast 500 Award for 1998

       Company is Named Among the Nation's Elite Technology Enterprises

    SANTA ANA, Calif., Dec. 30 /PRNewswire/ -- With a five-year growth of
2,756%, SRS Labs, Inc. (Nasdaq: SRSL), a leading provider of audio and voice
technology solutions, is the 120th fastest growing technology company in the
United States according to Deloitte & Touche's Fourth Annual Technology Fast
500.  Now in its fourth year, the Fast 500 program ranks the 500
fastest-growing technology companies in the United States based on percentage
revenue growth over a five-year period.  A complete list of the Fast 500 for
1998 was printed in the November 30, 1998 edition of the ASAP supplement of
FORBES magazine.
    Thomas Yuen, SRS Labs' Chairman and CEO states, "It is an honor to be
recognized in the upper echelon of technology business enterprises in the
United States.  Over the past five years, we have seen dramatic growth from
our increase in technologies as well as our expansion of business
capabilities.  In 1993, we had one audio technology and currently we offer a
full portfolio of 10 distinct audio and voice technologies.  We have
transitioned from a pure technology licensing company, to a full-service
provider of audio and voice technology solutions --  with our capabilities
ranging from invention of intellectual property to design of custom analog
chip implementation options of our technologies, to OEM private label
manufacturing capabilities.  We've gone from a privately held company with one
small office in California to a publicly traded company with operations and
offices worldwide.
    "Our customer base has increased from two licensees in 1993 to over 200 of
the world's leading manufacturers of consumer electronics, car audio,
computer, telecommunications and professional sound products.  To-date, over
30 million SRS-enhanced products have been shipped worldwide. "
    "SRS Labs is also proud to be beginning thenew year at the world's
largest consumer electronics tradeshow, CES, in Las Vegas from January 7-11th.
In our booth #3635, we will be launching our newest audio and voice
technologies, as well as announcing new customers and new design wins at our
press conference on Thursday January 7.  We look forward to an exciting 1999
and hope to continue our company's growth over the next five years."
    To qualify for The Fast 500, entrants must have been in business a minimum
of five years with 1993 revenues of at least $50,000 and at least $1,000,000
in 1997.  They must be headquartered in the United States and must be
considered a technology company, either producing technology and/or providing
technology products or services.  The Fast 500 is compiled from three sources;
winners of Deloitte & Touche's 1998 regional US Fast 50 programs, nominations
submitted directly to the Fast 500 program; and public company database
research.  SRS Labs ranked 5th in the Orange County, California Fast 50
program earlier this year.  Note: For the complete list of Deloitte & Touche
LLP Technology Fast 500 winners for 1998, visit www.us.deloitte.com/fast500.

    About SRS Labs, Inc.
    SRS Labs is the world's leading provider of audio and voice enhancement
technology solutions.  SRS Labs' business consists of licensing audio and
voice enhancement technologies to manufacturers of consumer electronics,
computer, gaming and telecommunications equipment; the design of custom ASICs
(application specific integrated circuits) for consumer electronics, game,
telecommunications and personal computer manufacturers; the distribution of
components, chips and assembly systems for the China and Hong Kong markets;
and the manufacturing and marketing of home theater and game products for the
Asian consumer marketplace.
    Audio and voice technology from SRS Labs has shipped in more than 30
million consumer electronics products worldwide from more than 170 industry
leading manufacturers, including Sony, Kenwood, RCA, Mitsubishi, Nakamichi,
Sharp, Pioneer, Samsung, Kawai, Hitachi, Kurzweil, IBM, Packard Bell, Dell,
Compaq, Micron, Gateway, AST, Acer, Toshiba, General Instruments and Apple.
Announced SRS Labs chip partners include Cirrus Logic, Zoran, ST
Microelectronics, Fujitsu, JPI, Toshiba Semiconductor, Motorola, Phillips,
Mitsubishi, AKM Semiconductor, Medianix, LSI Logic, and New Japan Radio  --
NJRC.  SRS Labs' wholly-owned subsidiary, based in Hong Kong, Valence
Technology, Inc., designs, manufacturers or distributes components, chips or
assembly kits from many of the world's leading technology companies, including
Lucent, Philips, Oak Technology, National Semiconductor and Rockwell.  For
more information on SRS Labs' technologies or the company's worldwide
licensing program, visit the SRS Labs website at srslabs.com.

    SRS and the SRS symbol are registered trademarks of SRS Labs, Inc. in the
United States and selected foreign countries.  All other brand names mentioned
are trademarks or registered trademarks of their respective holders.

    Except for historical information contained herein, the matters set forth
in this press release, such as the statements of Mr. Yuen in paragraph four of
this release include forward-looking statements and projections (including
statements concerning plans and objectives of management for future
operations) 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 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.  Factors which
may affect results expressed in forward-looking statements include the
acceptance of new products and technologies, the impact of competitive
products and pricing, the timely development and release of products by
suppliers and licensees of the Company, general business and economic
conditions, particularly in Asia, and other risks detailed in the Company's
Form 10K and Form 10Q statements filed with the SEC.

SOURCE  SRS Labs, Inc.
    -0-                             12/30/98
    /CONTACT:  Jennifer Drescher of SRS Labs, Inc., 949-442-1070,
jenniferd@srslabs.com/
    /Web site:  us.deloitte.com
    /Web site:  srslabs.com
    (SRSL)

CO:  SRS Labs, Inc.; Deloitte & Touche
ST:  California
IN:  CPR
SU:

CM-PQ 
-- LAW028 --
0806 12/30/98 15:27 EST prnewswire.com

//Begin Meta Data//
Selector Code: ...6c

Copyright 1998, PR Newswire