3DsoundSurge Press Release: Spatializer Announces Internet Applications Group, spatializer.com to Focus on Internet Audio Products

Spatializer Announces Internet Applications Group, spatializer.com to Focus on Internet Audio Products

Spatializer Partners with Xing Labs to Develop Spatializer StreamFX to Provide Audio Enhancement for Xing Labs' Soft DVD Players

WOODLAND HILLS, Calif., May 18 /- Spatializer Audio Laboratories, Inc. announced today its Internet Initiative with the formation of spatializer.com(TM), a new business unit to develop and market, through e-commerce channels, Spatializer technology for streaming audio applications over the Internet. Phase one of this initiative is the release of its latest product, Spatializer StreamFX(TM), designed specifically to deliver enhanced audio output from streaming Internet media applications and for Soft DVD players. StreamFX was developed by Spatializer in collaboration with Xing Labs for their XingDVD player and will be available for download at leading audio web sites and portals within the next few weeks.

The new business unit, spatializer.com(TM), will develop plug-in applications for the consumer market utilizing Spatializer's acclaimed audio technologies for soft DVD players, WinAmp(TM) and other MP3 and other streaming audio standards. In later product roll-outs, spatializer.com plans to offer an entire suite of audio enhancement plug-ins designed for specific applications to be offered individually or in packages for download over the Internet. In addition, spatializer.com intends to offer plug-ins available over the Internet for professional and semi-pro applications, building upon its prominent position in the professional audio recording market with its PT3D(TM) sound imaging and enhancement technology, now available only through audio dealers. The new business unit, spatializer.com will be headed by Peter Birch, the Company's Senior Vice President, Sales and Marketing.

StreamFX(TM) leverages Spatializer's renowned audio technologies to provide a complete audio enhancement package for Xing Labs' soft DVD player. Included within StreamFX(TM) is Spatializer 3-D Stereo, which creates a dramatic and enveloping sound experience from any stereo audio stream over either PC speakers or headphones, a user friendly variable reverb with multiple room models, and a five-band variable equalizer.

``The launch of spatializer.com is an important step in the corporate refocusing on our core audio business,'' stated Henry R. Mandell, Interim CEO of Spatializer Audio Laboratories, Inc. ``The Internet represents a huge opportunity and spatializer.com positions us to take full advantage of it. Spatializer technology has been selected by such global leaders as Matsu

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a, Toshiba and Apple Computer for inclusion in their products after rigorous evaluation. We intend to bring this same Spatializer technology directly to the consumer through e-commerce over the Internet. We feel certain that the quality of our products as evidenced by our licensing relationships combined with our brand recognition will make a difference to the consumer, and affords us a strong competitive advantage over other Internet audio enhancement products.''

``This is an exciting opportunity for us,'' commented Peter Birch, Senior Vice President, Sales and Marketing of Spatializer Audio Laboratories, Inc. ``The development of Internet applications provides us with another growth vehicle where we can leverage our industry wide brand name. We are pleased to launch our first product with Xing Labs. Xing Labs' technology is very well respected, and they fully appreciate the quality and recognition of our products. We have worked very closely with them to bring this product to release, as we intend to do when we forge additional partnerships going forward.''

``This is a new step for us,'' said Chris Eddy, CEO of Xing Labs. ``We are confident that our customers will appreciate the release of StreamFX(TM). The addition of StreamFX(TM) to our players enhances the audio experience and gives the user more options to tailor the audio to their own environment. StreamFX(TM) has the ability to create a 3D theatre effect and has an easy to use interface that matches the look and feel of the XingDVD Player. In conjunction with Spatializer, we will be aggressively promoting the download of this software from our web site in the coming weeks.''

Xing Labs, Inc., founded January 1999, focuses on the development and marketing of high-quality digital video products -- including its core product, the XingDVD Player.

In the future, Xing Labs plans to develop new partnerships and applications for emerging digital video technologies, including MPEG-2 encoding and decoding, DVD and possibly MPEG-4. It will also continue to provide XingDVD Player, XingMPEG Player and XingMPEG Encoder products both directly to OEMs as well as to consumers through electronic retail.

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, Panasonic, Hitachi, Sharp, Sanyo and Proton and in PC multimedia systems and peripherals from Dell, Gateway 2000, 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, Ca., and has marketing, engineering and R&D facilities in Mountain View, Ca. and Tokyo, Japan. Further information may be obtained from Securities and Exchange Commission (SEC) filings, Web site, or by contacting the company directly.

Safe Harbor Act Statement Under the Private Securities Litigation Reform Art of 1995: Certain information in this news release, including the comments by Messrs. Mandell and Birch in paragraphs four and five are forward looking statements 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 uncertainties and risk 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. These uncertainties and risk factors include, but are not limited to dependence on new technology and intellectual property, dependence on the PC and consumer electronics industries, dependence on product shipments of third-party licensees, competition and pricing pressures, the timing and realizable value of the MDT technology, the continued need for additional capital and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.

Notices: Spatializer® is a registered trademark of Desper Products, Inc. StreamFX(TM) and spatializer.com(TM) are trademarks of Desper Products, Inc. WinAmp(TM) is a trademark of Nullsoft, Inc.

SOURCE: Spatializer Audio Laboratories, Inc.