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SANTA ANA, Calif., Oct. 9, 2003 – SRS Labs, Inc. (NASDAQ: SRSL), a leading provider of innovative audio, voice and semiconductor technology solutions, today announced that Wave Distribution, an importer and distributor of high-tech audio processing, effects, and related studio equipment, will exclusively represent the SRS Circle Surround® VST Pro Plug-In.  SRS Circle Surround VST Pro is designed for Steinberg® Nuendo®, as well as Cubase SX® for Macintosh®, and any other application that supports the Steinberg VST standard. 

The SRS Circle Surround VST Pro is a powerful new surround encoding/decoding software plug-in suite that empowers audio professionals with superior delivery of up to 6.1 (L, C, R, Ls, Cs, Rs, LFE) channel surround sound over any stereo transmission or storage medium.

“Our Circle Surround VST Pro represents a substantial breakthrough over previous matrix encoding plug-ins by providing accurately steered, full bandwidth stereo surround channels with superior center channel dialog isolation,” said Mike Canevaro, director of sales, professional audio for SRS Labs, Inc. “We are pleased that Wave Distribution will be our partner in making this powerful software available to audio professionals worldwide.”

According to Wave Distribution President Gil Griffith, “SRS Labs has revolutionized the way audio professionals create surround soundscapes.  The SRS Circle Surround VST Pro plug-in advances surround sound capabilities in a cost effective, easy-to-use plug-in suite that puts a vast palette of breath-taking surround sound into a wide range of recording environments, from the home DAW enthusiast to pro-level post production facilities.  As a company that was established to provide the very best in state-of-the-art signal processing equipment, I am honored that Wave Distribution will be representing the cutting-edge sound technology plug-in products from a leading innovative manufacturer such as SRS Labs.”

SRS Circle Surround VST Pro works with any surround-capable, VST-compliant application for Mac OSX®. 

SRS Circle Surround Encoder Plug-in

• Up to 7-channel input, 2-channel output

• Low pass filter on LFE channel

• 44.1kHz, 48kHz, and 96kHz sampling rates supported

• Full bandwidth playback of 3 distinct rear channels (Ls, Cs, Rs)

• Accepts project stems in LCR, LCRS, 5.0, 5.1, 6.0 and 6.1 surround formats

• Identical in performance to the SRS CSE-07 Circle Surround Hardware Encoder

• Selectable high pass filter on main channels (L, C, R, Ls, Cs, Rs) for full control over low frequency content

• Compatible with compression codecs with stereo bit rates as low as 64 kbps and delivers premium audio performance at 192 kbps and above

SRS Circle Surround Decoder Plug-in:

• 2-channel input, up to 7-channel output

• 44.1 kHz, 48 kHz and 96 kHz sample rates supported

• Monitor modes for Circle Surround, LCRS, stereo and mono content

• SRS TruBass® patented bass enhancement post-processing

• SRS Dialog Clarity® enhancement post-processing

• Identical in performance to the SRS CSD-07 Circle Surround hardware decoder

• Superior performance for decoding of any Lt/Rt Surround Sound content

• Proprietary multiband steering logic for >30db front/rear channel separation

For additional information about the SRS Circle Surround® VST Pro Plug-In and the other fine products represented and/or distributed by Wave Distribution, please visit www.wavedistribution.com or call: Gil Griffith, Phone: (973) 728-2425 Fax: (973) 728-2931. E-mail: hype@wavedistribution.com. To check out the complete product line offering from SRS Labs, Inc, please visit the company’s web site at http://www.srslabs.com. 

About SRS Labs, Inc.

Celebrating a decade in audio technology innovation, SRS Labs has become a recognized leader in the advancement of audio and voice technology.  The company works with the world’s top manufacturers to provide a richer entertainment experience through patented sound techniques.  SRS Labs’ technologies can be heard through products ranging from televisions, DVD players, cell phones, car audio systems and computers.  The company also offers hardware and software tools to professionals and consumers for the creation, production and broadcast of content featuring SRS Labs’ technologies.  SRS Labs’ wholly owned subsidiary, ValenceTech, is a Hong Kong-based semiconductor company that designs and sells custom ASICs and standard ICs to leading manufacturers worldwide. Based in Santa Ana, Calif., the company also has licensing representation in Hong Kong, Japan, Europe, and Korea.  For more information about SRS Labs, Inc. please visit www.srslabs.com.  The information on the aforementioned website is not incorporated by reference into this press release.

Except for historical information contained in this release, statements in this release are forward-looking statements and projections (which include statements concerning plans and objectives of management for future operations) 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 goals and strategy will be realized. Numerous factors, including risks and uncertainties, 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. Some of these factors include: the timely launch of the new SRS Circle Surround VST software in November, the acceptance of new SRS Labs’ products and technologies, the impact of competitive products and pricing, the timely development and release of technologies by the Company, general business and economic conditions, especially in Asia, and other factors detailed in the Company's Form 10-K and other periodic reports filed with the SEC.  SRS Labs specifically disclaims any obligation to update or revise any forward-looking statement whether as a result of new information, future developments or otherwise.

Source: SRS Labs