DTSÆ Promotes Jon Kirchner To President And Chief Operation Officer

12-Apr-00

DTSÆ announced the promotion of Jon Kirchner to President and Chief Operating Officer. For the past eighteen months Mr. Kirchner served as Executive Vice President, Operations, managing the day-to-day operations of the company during a period of dynamic growth. Mr. Kirchner joined the company in August 1993, shortly after DTS was founded. He initially served as Chief Financial Officer and Vice President of Finance and Business Development. As a senior executive for most of the company's history, Mr. Kirchner has participated in the explosive growth of DTS and its expansion from the leading provider of digital multichannel audio for cinemas into other entertainment markets, including; home theatre equipment, DVD, 5.1-channel music on CD, automotive, PC, and broadcast. Dan Slusser, Chief Executive Officer of DTS, said, ""It has been a pleasure for me to work closely with Jon and to watch him assume added responsibilities almost on a daily basis. His elevation to President has been accomplished the old-fashioned way, he's earned it."" Slusser added ""This appointment, in conjunction with recent additions to our talented senior management team, positions the company for long-term success."" Prior to joining DTS, Mr. Kirchner worked for PriceWaterhouseCoopers from 1989 to 1993. During his tenure at PriceWaterhouseCoopers, Mr. Kirchner advised clients on financial restructuring, business turnaround, marketing positioning and valuation issues. Mr. Kirchner's diverse background includes experience from a variety industries, including manufacturing, distribution, entertainment, and transportation. DTS is an international, digital technology company specializing in multichannel audio for entertainment. Founded in 1993, DTS quickly became the leading provider of premium, discrete, multichannel audio for motion pictures with the release of Steven Spielberg's Jurassic Park. DTS Digital Sound is now featured worldwide in approximately19,000 screens. The DTS Consumer Group licenses decoder technology to equipment manufacturers for home theatre, automobiles, and computers. DTS encoding technology is licensed to content creators for high-resolution, multichannel film and music soundtracks on DVD, multichannel music on compact disc, and multichannel audio for games on DVD-ROM. DTS is a registered trademark of Digital Theater Systems, Inc. of Agoura Hills, California. International offices for the company are located in the United Kingdom and Japan.