Spatializer N-2-2ô To Be Promoted And Used As Samsung's Preferred Virtual Surround Sound Technology For DVD Players And In Other Digital Multimedia Products In The Future

14-Jul-00

Spatializer Audio Laboratories Inc. (OTC Bulletin Board: SPAZ) announced it and Samsung Electronics Co., Ltd., Digital Products Division have agreed to enter into a strategic alliance for the development and deployment of audio enhancement technologies. As part of the strategic alliance, Spatializer N-2-2ô will be promoted and used as Samsung's preferred virtual surround sound technology in its DVD players and in the future, for other digital multimedia products. Spatializer and Samsung will work together to share ideas and proposals for new technologies and products, with the purpose of enabling Spatializer to bring the latest products to market sooner and for Samsung to have the opportunity to license these new technologies prior to general release.""This strategic alliance with Samsung rapidly moves us forward in executing our plan to aggressively capitalize on the opportunities of the digital audio revolution,"" said Henry R. Mandell, Chairman and Chief Executive Officer of Spatializer Audio Laboratories, Inc. ""Set-top boxes and Internet appliances are two product categories which we have targeted for future growth and are key drivers of the revolution. This expanded relationship will allow us to intensely focus on our customer's needs and to drive targeted engineering and product development to create new and value added audio enhancement technologies. This relationship Samsung is well respected for its quality, its engineering innovation and the aggressive global reach of its distribution. We are honored to have the opportunity to work in such a way with Samsung and we look forward to a long and successful relationship.""""Spatializer N-2-2 delivers the kind of virtual surround sound experience we think our customers will enjoy and value,"" said Mr. S.S. Kim, Director, Samsung Electronics Co. Ltd. ""Spatializer N-2-2 has developed a strong following in the industry for its authentic virtual surround sound effect which provides both impact and accuracy. We believe that by working together with Spatializer, we will be able to continue to offer our customers leading edge technology ahead of the rest of the market.""Samsung Electronics Co., Ltd., with 1999 sales revenue of U.S.$22.8 billion, is a world leader in the electronics industry. The Korea-based concern has operations in about 50 countries with 54,000 employees worldwide. The company consists of three main business units: Digital Media, Semiconductors, and Information & Communications Businesses. For more information, please visit Samsung's Web site at http://www.samsungelectronics.com.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 software MP3 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, California and has marketing, engineering and R&D facilities in Santa Clara, California and Tokyo. Further information may be obtained from Spatializer's Web site at http://www.spatializer.com.

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