SRSL Srs Labs, Inc. (MM)

All-in-One Speaker System Features SRS TruSurround XT(TM) and SRS WOW(R) Technologies to Improve Audio Experience and Provide True Surround Sound in One Sleek Device SRS Labs Inc. (NASDAQ:SRSL), a leading provider of surround sound, audio and voice technologies, today announced its patented SRS TruSurround XT(TM) and SRS WOW(R) technologies will be embedded in GGEC's new All-in-One Flat Panel Speaker System. The single speaker unit fully utilizes SRS Labs' complete audio solutions to deliver true, enveloping surround sound audio from one central device. With SRS Labs' audio technologies, the All-in-One Flat Panel Speaker System provides complete surround sound in a modern, streamlined design, allowing users to enjoy full and engulfing surround in-home audio from a single unit. With its space-saving size, the speaker system is a stylish and compact complement to today's increasingly contemporary digital living rooms, seamlessly matching many of today's flat panel LCD and plasma televisions. SRS TruSurround XT and SRS WOW technologies will power the speaker system and accurately reproduce surround sound content through a minimal number of compounded speakers. The patented techniques in SRS TruSurround XT deliver the broadest "sweet spot" for the utmost realism, and shape a maximum bass response while rendering a solid center channel to ensure dialogue and voice clarity. For music playback, TruSurround XT includes SRS WOW processing for a rich, immersive music experience. "GGEC's new flat panel speaker system is an innovative offering for consumers and we are pleased to be their audio partner," said Thomas C.K. Yuen, chairman and chief executive officer of SRS Labs. "Our patented audio technologies allow the best possible audio experiences and the new GGEC product demonstrates our strong commitment to superior sound quality and providing consumers with a true surround sound audio experience from a solitary unit." About SRS Labs, Inc. SRS Labs develops advanced audio and communications technology that optimizes and improves the listening experience through techniques based on the latest research into the human auditory system. With over 600 million products shipped worldwide, SRS Labs is a leader in audio. Incorporated in products ranging from HDTVs and mobile phones to PCs and automotive entertainment, SRS Labs audio and speech signal processing provides the best possible sound on every form factor and in every environment. SRS Labs surround sound solutions enable the professional broadcast and recording industries with high-performance production, back-haul, storage, and transmission capability. SRS Labs supports manufacturers worldwide with offices in the US, China, Europe, Japan, Korea, and Taiwan. About GGEC Guoguang Electric (Zhongshan) Limited is located in XiaoLan, one of the prosperous industrial areas of Guangdong province. The factory plant boasts a monthly production capacity of 80,000 to 90,000 units. The company's line of patented products include 2.1-channel multimedia systems and 5.1-channel home theater speaker systems made of aluminum, plastic or wood. Additional products include active subwoofers, wireless speaker systems, karaoke systems, as well as the company's latest patented innovation, an all-in-one flat panel sound system. Guoguang Electric (Zhongshan) Limited values product creativity, research and development and has been a valued audio products supplier to many overseas companies over the past ten years. Except for historical information contained in this release, statements in this release, including those by Mr. Yuen 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.