SRSL Srs Labs, Inc. (MM)

SRS Labs Inc. (NASDAQ:SRSL), a leading provider of surround sound, audio and voice technologies, will debut the first product featuring SRS TruSurround HD4� (TS HD4) with licensee iLive at CES 2007, Jan. 8-11 in Las Vegas. TS HD4, the latest addition to the SRS TruSurround� family of multichannel virtualization technologies, delivers surround sound from speakers positioned in front of the listener using configurations ranging from 4.0 to 5.1 discrete channels. The iLive iHTD8817DT DVD Virtual Surround Sound Speaker Bar is a sleek, compact all-in-one home theater solution with an integrated slot-load DVD player, an iPod docking station, AM/FM stereo and 5.1 channel speaker system with subwoofer. The bar is designed to complement high-definition flat-screen televisions with the latest in high-definition sound. SRS TruSurround HD4, not only renders virtual surround sound from the front of the listener, but adds improved dialog clarity, maximum bass enhancement and definition control to deliver a distinctively immersive surround sound field not available from other technologies. �We wanted to give our customers the finest possible listening experience while avoiding the clutter associated with traditional surround sound speakers,� said Bill Fetter, CEO, iLive. �TruSurround HD4 was a perfect fit for our vision of the ultimate home video and audio integration solution for flat panel TV." With TS HD4, listeners will enjoy the enhanced perception of surround sound and feel as if phantom speakers appear to extend all around them in an expansive audio environment. TS HD4 improves upon SRS Labs� proven TruSurround family of technologies with an added definition control for realistic clarity of high frequency instruments and vocals, a center control feature for dynamic extraction and positioning of dialog, and the ability to process input from 1.0 to 6.1 discrete channels for playback over front-oriented speaker systems ranging from 4.0 to 5.1 channels. �Speaker bars are an emerging trend in the home theater market to complement flat panel TV designs,� said Tom Yuen, president and CEO, SRS Labs. �They deliver the surround experience users crave without surrounding them with wires and speakers found in traditional 5.1 speaker configurations. The iLive DVD Virtual Surround Sound Speaker Bar with SRS� newest and highest performance audio technology 'TruSurround HD4,' has all the bells and whistles that will meet the needs of today�s home theater enthusiasts.� The iLive DVD Virtual Surround Sound Speaker Bar implements TS HD4 using the NJRC DSP NJU26150 chipset. 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 iLive iLive is a brand company of the Digital Products International, Inc (DPI, Inc.) family of consumer electronic product manufacturers and distributors. Headquartered in St. Louis, Missouri, iLive designs, manufactures, and markets a complete line of �Made for iPod�� products. The company�s in-house team of industrial designers and electronics engineers combine the most innovative and performance-driven feature sets with trendy and unique designs focusing on today�s shapes and exterior fashion. iLive delivers maximum audio/video performance with visual impact. iLive products are found at regional and national retail outlets. For more information on iLive and its iPod �partner� line, please visit www.iLive.net. 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.