3DsoundSurge Press Release: Aureal Announces Resignation of All Executive Officers and Senior Staff Members

Aureal Announces Resignation of All Executive Officers and Senior Staff Members

FREMONT, Calif., March 24 /PRNewswire/ -- Aureal Inc. (OTC Bulletin Board: AURL), a leader in digital audio imaging, today announced the resignation of all of its executive officers, including its President and CEO, Kip Kokinakis, its Chief Technical Officer, Scott Foster, its Chief Financial Officer, David Domeier, and its Chief Operating Officer and General Counsel, Brendan O'Flaherty, along with all senior staff members of Aureal. The Board of Aureal stated that it is seeking replacement or turnaround management and is considering all necessary actions to either sell the Company or its assets or wind down the Company.

About Aureal

Aureal is a leading provider of advanced audio solutions for the computer, entertainment, Internet, and professional audio markets. The company designs, builds and distributes advanced audio semiconductor, audio card and software solutions for personal computers through the OEM, integrator/reseller/VAR and direct-to-customer channels. Aureal also licenses technology designed to define and improve advanced audio standards in the marketplace.

Aureal's customers include Compaq Computer Corporation, Dell Computer Corporation, IBM Personal Systems Group, Micron Electronics and Sony Electronics. Aureal's award-winning product line includes A3D positional audio technology, Vortex audio processors, Vortex-based sound cards and A3D Pro sound design software. For more information on Aureal or its products and industry leading audio technologies, please visit our websites at www.aureal.com and www.a3d.com.

Forward-Looking Statements

Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties including, but not limited to, dependence on the PC industry and on product lines based on new technologies; foundry capacity, availability and reliability; competition and pricing pressures; and other risks detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission.

NOTE: Aureal, the Aureal logo, A3D, and A3D Pro are trademarks, and Vortex is a registered trademark of Aureal Inc. Other names may be trademarks of their respective owners.

SOURCE: Aureal Inc.