SRSL Srs Labs, Inc. (MM)

Concertgoers to Experience Enhanced Sound Quality of Instant Live CDs and Digital Downloads Available on Napster SANTA ANA, Calif., Jan. 30 /PRNewswire-FirstCall/ -- SRS Labs, Inc. (NASDAQ:SRSL), a leading provider of audio technology solutions, today announced that Instant Live(TM), a division of Live Nation (NYSE:LYV), is producing live recordings in SRS Circle Surround(R) 5.1. In addition, many of the Circle Surround encoded tracks are available now as digital downloads through Napster. Instant Live selected SRS Circle Surround for its ability to recreate the live concert recording experience. "I put SRS Circle Surround through its paces, and, to put it simply, it works," said Andy Scarth, head mixer at Live Nation. "Our Instant Live recordings with SRS Circle Surround make you feel like you're right there at the concert." Scarth is an award winning engineer and producer for Hall and Oates, Bad Company, The Black Crowes, Allman Brothers and many other internationally acclaimed bands. SRS Circle Surround is an advanced multichannel encode/decode system that allows full bandwidth surround sound to be stored, transmitted, or delivered in stereo over any two-channel carrier such as standard Compact Discs ("CDs"). SRS Circle Surround encoded CDs play in stereo on a standard CD player and in full 5.1 channel surround sound on any matrix surround compatible home theater or automotive receiver. Optimum surround performance is achieved with SRS Circle Surround II compatible systems, which are available on a wide variety of products from leading home theater and automotive manufacturers, including: Accuphase, Eclipse, Honda, Kenwood, Marantz, M-Audio, Motorola, Panasonic, Pioneer, Theta Digital, Toyota, Volkswagen, Yamaha and more. "Teaming with SRS is helping to further our goal at Instant Live in attracting more consumers and enhancing the concert experience," said Stephen Prendergast, general manager of Instant Live. "Our motto is 'Take the band back to your place,' and with SRS Circle Surround, fans now take back the ultimate concert experience. We couldn't be happier with the enhanced audio quality." "Live Nation/Instant Live is breaking new ground to maximize the potential of digital content for live events," said David Frerichs, executive vice president of strategic marketing and corporate development at SRS Labs. "They have taken advantage of the stereo compatibility in SRS Circle Surround to deliver a realistic sound experience to the broadest possible audience. This is just the beginning of a very successful relationship." Instant Live is a premier provider of on-site concert recording and distribution, delivering high-quality professional live recordings to fans directly after the performance conclusion. Fans now have the option to pre-order from Instant Live's web site, http://www.instantlive.com/, and receive their CDs immediately after the show, have it shipped directly to their home, or order the CD days after the concert. The CDs are also available from the individual artists' web sites, and participating retailers nationwide. In addition, concert attendees have the option to purchase digital downloads of the live concert through Napster. About Live Nation Live Nation (NYSE:LYV) is a leading live content and distribution company focused on creating superior experiences for artists, performers, sponsors and fans. Live Nation owns, operates or has booking rights for a worldwide network of venues and produced thousands of music, theatrical and motor sports events in 2005. Live Nation is headquartered in Los Angeles, California. More information about Live Nation and its businesses is available at http://www.livenation.com/. 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, as well as 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. Frerichs may constitute forward-looking statements regarding our assumptions, projections, expectations, targets, intentions or beliefs about future events 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. For More Information Contact: Media Contact: Chris Locke Stephen Prendergast (949) 442-1070 x 3206 Instant Live (310) 867-7000 Investor Contact: Ray Yeung / Nancy Zakhary Connie Chandler Brainerd Communicators, Inc. (714) 573-1115 (212) 986-6667 / DATASOURCE: SRS Labs, Inc. CONTACT: Media, Chris Locke of SRS Labs, Inc., +1-949-442-1070 ext. 3206, ; or Investors, Connie Chandler, +1-714-573-1115, , for SRS Labs, Inc.; or Media, Stephen Prendergast of Instant Live, +1-310-867-7000; or Investors, Ray Yeung, , or Nancy Zakhary, , both of Brainerd Communicators, Inc., +1-212-986-6667, for Instant Live Web site: http://www.instantlive.com/ Web site: http://www.livenation.com/ Web site: http://www.srslabs.com/

Copyright