SRSL Srs Labs, Inc. (MM)

Duran Duran HD Theatrical Screening Scheduled for November 1st at Select Theaters Nationwide SANTA ANA, Calif., Oct. 27 /PRNewswire-FirstCall/ -- SRS Labs, Inc. (NASDAQ:SRSL), one of the world's leading providers of audio technology solutions, and Coming Home Studios, a Los Angeles-based full service television and DVD production and distribution company, today announced the release of the much-anticipated single- and double-disc editions of "Duran Duran: Live in London." The DVD will be available in North America beginning November 1, 2005 at many popular music retail outlets, including Tower Records. This ground-breaking DVD, created during the band's sold-out shows at Wembley Stadium in London, will be presented in SRS Labs' Circle Surround(R) 5.1 encoding technology. Devoted Duran Duran fans can also vie for the opportunity to participate in a HD theatrical screening of the DVD at one of ten major cities across the country, including New York, Los Angeles, Chicago, Boston, San Francisco, Washington DC, Detroit, Seattle, Phoenix and San Diego by winning tickets through popular radio stations, or by purchasing a ticket online through http://www.fandango.com/, or view more ticket links through Duran Duran's official website at http://www.duranduran.com/. "SRS Labs' Circle Surround encoding technology is a powerful 5:1 option available to the home theater customer," said Jack Gulick, head of production at Coming Home Studios and producer of the Duran Duran DVD. "By using SRS Circle Surround technology on our music DVD products, we are able to offer the customer a DVD that has the SRS brand recognition and confidence that the audio will be delivered in full stereo and expansive 5:1 across a vast range of popular audio component brands with consistency and quality. Having the SRS brand in our product indicates to the consumer that we place audio first and they are purchasing a high-quality music experience." "We're pleased to have our technology associated with such a talented team and to be involved in what promises to be one of the year's most popular music concert DVDs," said Mike Canevaro, senior product marketing director at SRS Labs, Inc. "Together, SRS Labs and Coming Home Studios are reshaping how consumers experience live concert footage. We look forward to many more years of collaboration." The 2-disc edition retails for $29.99 at most major music and entertainment stores. SRS Circle Surround is a patented surround format that allows a 5.1 or 6.1 surround mix to be stored or transferred over any two-channel format, including the stereo track of a DVD. Any listener with a surround sound system will enjoy the original 5.1 mix that the artist and engineers created. This also means that any Circle Surround encoded clip that is broadcast over television or radio, compressed for distribution online, or stored digitally on standard media, such as CDs, DVD-Rs, or personal music juke boxes, will retain the surround sound information. One of the most powerful features of the technology is that it is 100% compatible with all playback environments, from one-speaker mono to two-speaker stereo or multi speaker surround sound. One mix satisfies everyone's listening requirements. SRS Circle Surround encoding is backward compatible with all playback systems, including mono and stereo formats. Listeners of the Duran Duran DVD who have Circle Surround II(TM) or other matrix surround decoder installed, will hear a stunning 5.1 surround sound experience, while those listening over regular two-speaker stereo systems will hear the DVD in enhanced stereo. This DVD, and others like it, contributes to the growing demand by consumers for SRS Circle Surround content, as well as for consumer electronic products with SRS Circle Surround decoding technology. For audio enthusiasts looking for Circle Surround II decoding technology, it is currently available from manufacturers such as Marantz, Panasonic, Pioneer, Kenwood, Motorola and Yamaha. For information regarding Circle Surround for professional use, visit our website at http://www.srslabs.com/proaudiomain1200.asp. Additional information about the DVD is also available from the company's website at http://www.srslabs.com/duranduranp1c.asp. For more information regarding Coming Home Studios, visit http://www.cominghomestudios.com/ About Coming Home Studios Coming Home Studios is a full service television and DVD production and distribution company that uses cutting edge production methods to provide the music fan with a front row seat at the concert. Coming Home Productions and Coming Home Distribution are affiliates of Coming Home Studios, LLC. CHS has produced many of today's top DVD's including Dave Matthews Band: The Central Park Concert, Matchbox Twenty: SHOW A Night In The Life Of Matchbox Twenty, Rush In Rio, Duran Duran: Live From London, Boz Scaggs: Greatest Hits Live, Godsmack 'Changes', and many others. About SRS Labs, Inc. SRS Labs is 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, LCD and plasma monitors, cell phones, MP3 players, car audio systems, and notebook and desktop 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. Valence Technologies Limited, a Hong-Kong based subsidiary of SRS Labs, is a 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 http://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, including those by Mr. Canevaro in paragraph four, 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 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. Circle Surround(R), Circle Surround II(TM), and the SRS logo are all registered trademarks of SRS Labs. All other trademarks are the property of their respective owners. Investor Contact: Media Contact: Janet Biski Chris Locke (949) 442-1070 x 3080 (949) 442-1070 x3206 DATASOURCE: SRS Labs, Inc. CONTACT: Investors, Janet Biski, ext. 3080, , or Media, Chris Locke, ext. 3206, , both of SRS Labs, Inc., +1-949-442-1070 Web site: http://www.srslabs.com/ http://www.cominghomestudios.com/

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