Spatializer Optimistic: Growth of DVD Player Sales and New Licensing Revenues Expected to Accelerate Revenue Growth
Spatializer Audio Laboratories (OTC Bulletin Board: SPAZ) indicated today that based on published reports of rapidly growing DVD player sales and the announcement by Apple Computer, Inc. of the launch its all-new iMacô and MacÆ OS 9 operating system, which includes licensed Spatializer audio technology, the Company expects improved operating results in the quarter ended December 31, 1999. Spatializer's N-2-2 virtual surround sound technology has been incorporated into DVD players now being shipped from global brands such as Toshiba, Samsung, Zenith, GE, Goldstar, Emerson, Hitachi and Acer. The Company believes that N-2-2 is the most widely used virtual surround sound technology in the DVD market based on brand adoption. In January 1999, Apple Computer and Spatializer jointly announced the licensing of Spatializer's suite of advanced audio technologies. This technology has been included in Mac OS 9, which is shipping in October with Apple's new lines of iMAC, iBookô, and G-4. ""Our turnaround plan is moving ahead,"" stated Henry R. Mandell, Spatializer's interim CEO. ""We are honored to be included in the fantastic new product line-up from Apple Computer. Further, we are well positioned to benefit from the tremendous growth in DVD player sales now underway, heading into the peak holiday selling season. Lastly, we are continuing to build the exposure and availability of our StreamFXô audio enhancement plug-in for both the Xing and WinAmpô mp3 streaming audio players."" Mr. Mandell concluded, ""With royalty-bearing Apple hardware shipments commencing in our fourth quarter, combined with accelerating sales of N-2-2 equipped DVD players for the Christmas selling season, we expect this will have a favorable impact on our fourth quarter results. Further, the new revenue stream from Apple moves us forward in achieving our objective set out earlier this year for a more diversified, predictable and substantial royalty revenue base."" 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, Sharp, Sanyo, Goldstar, Emerson, Zenith and Proton and in PC multimedia systems and peripherals from Apple, Dell, Gateway, Hewlett Packard, Sony, Fujitsu, Seiko-Epson, NEC, Micron and Labtec. 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 Mountain View, California and Tokyo. Further information may be obtained from Spatializer's SEC filings, Web site (http://www.spatializer.com) or by contacting the company directly. Source: Spatializer Audio Laboratories, Inc. Web site: http://www.spatializer.com