Press Release
QSound to Showcase Newest Digital Audio Enhancement Software, IQFX3T, At RealNetworks® Conference
Co-Development of iQfx3 Fortifies Relationship with RealNetworks and Offers Consumers Unsurpassed 3D Audio Enhancement for New RealOne™ Player
Calgary, Alberta-September 24, 2001 - QSound Labs, Inc.
(NASDAQ: QSND), a leading supplier of audio solutions is showcasing a Beta
version of its latest digital audio enhancement software, iQfx3, at the
Real Conference 2001, September 23-25 at the Washington State Convention &
Trade Center in Seattle, Washington.
iQfx3 makes streaming Internet audio and MP3s come alive with QSound's
remarkable 3D audio effects and has been developed exclusively for
RealNetworks' new feature-rich, streamlined, single platform product,
RealOne Player.
"Since we expect to ship the gold version of iQfx3 within the next 4
weeks, we thought it was important to introduce our Beta version at the
Real Conference to give consumers a taste of what to expect," said David
Gallagher, President and CEO of QSound Labs, Inc. "This product fortifies
our long-standing, strategic relationship with RealNetworks and ensures
its continued growth."
About RealOne:
RealOne Platform empowers content providers and technology partners to
create a new generation of digital media experiences and businesses. Built
on RealSystem iQ, RealOne Platform is a new consumer digital media
services platform that provides an end-to-end combination of tools,
services and technologies. With RealOne Platform content providers and
technology partners can transform their consumers' media experience,
enrich their offerings, and enable commerce opportunities. Additional
information about RealOne Platform may be found at: http://www.realnetworks.com/devzone/index.html
This release contains
forward-looking statements within the meaning of the Private Securities
Litigation Act of 1995 concerning, among other things, introduction of new
products. Investors are cautioned that such forward-looking statements
involve risk and uncertainties, which could cause actual results,
performance or achievements of the Company, or industry results to differ
materially from those reflected in the forward-looking statements. Such
risks and uncertainties include, but are not limited to, risks associated
with the Company's ability to carry out its business strategy and
marketing plans, including availability of sufficient resources for the
Company to do so timely and cost effectively, loss of relationships with
companies that do business with the Company, consumer acceptance of the
Company's products, dependence on intellectual property, rapid
technological change and competition, and other risks detailed from time
to time in the Company's periodic reports filed with the Securities and
Exchange Commission. Forward-looking statements are based on the current
expectations, projections and opinions of the Company's management, and
the Company undertakes no obligation to publicly release the results of
any revisions to such forward-looking statements which may be made, for
example to reflect events or circumstances after the date hereof or to
reflect the occurrence of unanticipated events.