Psyko Audio Labs

Psyko Audio Labs

January 25, 2012 12:53 ET

Psyko Audio Labs to Seek Strategic Alternatives

Award-winning audio headset maker seeks partner or acquirer to maximize Shareholder and Customer value

CALGARY, ALBERTA--(Marketwire - Jan. 25, 2012) -

Psyko Audio Labs, Inc., inventors of the patented technology behind the award-winning audio headsets, announced today that its Board of Directors has made the decision to seek strategic alternatives for the business. Alternatives to be considered include, but are not limited to, licensing its technology to another consumer electronics company or companies, or the sale of all or a majority of the company's equity or primary assets.

Headsets for gaming and portable audio are among the fastest-growing categories in all of consumer electronics, and this has been the company's focus since inception. Psyko's gaming headsets are highly differentiated, patent protected, and award winning products, and recognized in the gaming community for their superiority in directional audio - 3D sound. "Psyko doesn't have a mature capital structure to take advantage of the explosive growth within these markets," said Terry Sydoryk, the Company's CEO & President. "We've concluded that the fastest way to realize our market vision is to seek strategic alternatives, which in the end means partnering and/or selling the assets of the company to an organization with greater resources and distribution to capitalize on the market opportunity and its growth." Sydoryk continued, "We've invested in the technology and developed great products, and now it's time to get these, and future products, into the hands of as many end users as possible. Superior performance and differentiating technology are attributes that we believe, when coupled with a strong go-to-market organization, will allow the products to excel in a very competitive market place. It's a win-win for both organizations, and ultimately the consumer."

Psyko is also using the patented waveguide technology to deliver high fidelity spatial stereo in all formats - from ear buds, to in-ear headphones and over-ear headphones, as the technology provides a differentiated performance advantage to markets from gaming to mobile.

Industry recognition for Psyko's products include the prestigious Red Dot design award, CES Best of Innovation, and Wired's Must Have Product to name a few. Product information, along with industry awards and acknowledgement, can be found on the company website at www.psykoaudio.com.

About Psyko Audio Labs

Incorporated in 2007, Psyko Audio Labs Inc. is a private, Calgary-based consumer electronics company, which is revolutionizing headphones. The revolutionary patented PsykoWave™ technology allows for a richer, more accurate, and precise surround sound audio experience. Based on psychoacoustic science, the PsykoWave™ technology is what fuels Psyko Audio headsets, and what sets them apart from the competition. Psyko Audio will continue to push forward with ground-breaking technologies that will shape and define the high-performance headset market.

Forward-looking Statements

Certain statements contained herein may constitute forward-looking statements. These statements relate to future events or our future performance. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements.

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