Fremont, CA – April 20, 1999 –
(AURL: OTC Bulletin Board) Aureal Semiconductor Inc., leaders in digital audio imaging,
today announced the record date for its previously announced $20 million subscription
rights offering as April 22, 1999. Stockholders will receive, at no cost, a right to buy
one share of common stock at a price of $0.60 for approximately every two shares of common
stock that they own on April 22, 1999. In addition, stockholders may oversubscribe for, or
offer to purchase, additional shares.
Funds and accounts managed by Oaktree Capital Management LLC and TCW Special Credits have
agreed to purchase any shares otherwise not subscribed for in the offering up to the total
$20 million offering.
The subscription rights documents and related prospectus will be distributed to
stockholders in the near future. The offering will terminate on May 21, 1999.
About Aureal Semiconductor
Aureal is a leading provider of advanced audio solutions for the computer, consumer,
entertainment and professional audio markets. The company designs, builds and distributes
advanced audio semiconductor and software solutions for personal computers and consumer
electronics devices through the OEM, integrator/reseller/VAR and direct-to-customer
channels. Aureal also licenses technology designed to define and improve advanced audio
standards in the marketplace.
Leading industry partners include Compaq Computer Corporation, Dell Computer Corporation,
Sony Electronics and Diamond Multimedia Systems. Aureal’s award-winning product line
includes A3D positional audio technology, Vortex audio processors and Vortex-based sound
cards, and A3D Pro sound design software. For more information on Aureal Semiconductor or
its products and industry leading audio technologies, please visit our Websites at
www.aureal.com and www.a3d.com.
Forward-Looking Statements
Forward-looking statements in this release are made pursuant to the safe harbor provisions
of the Private Securities Litigation Act of 1995. Investors are cautioned that such
forward-looking statements involve risks and uncertainties including, but not limited to,
dependence on the PC and consumer electronics industries and on product lines based on new
technologies; foundry capacity, availability and reliability; 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.
Note to Editors: Aureal, the Aureal logo, A3D, A3D Pro and Aureal Wavetracing are
trademarks, and Vortex is a registered trademark of Aureal Semiconductor Inc. Other names
may be trademarks of their respective owners.
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PR Contact:
Public Relations
Michael Arrington
Aureal Semiconductor
4245 Technology Drive
Fremont, CA 94538
vox: 510-252-4326
fax: 510-770-0132
e-mail: marringt@aureal.com
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