SRS Labs Announces Stock Repurchase Program

SANTA ANA, Calif., May 20 /PRNewswire-FirstCall/ -- SRS Labs, Inc.
(Nasdaq: SRSL), the leader in surround sound, audio and voice technologies,
today announced that its board of directors has approved a stock repurchase
program.
(Logo: http://www.newscom.com/cgi-bin/prnh/20070322/LATH036LOGO)
Under the stock repurchase program, SRS Labs may acquire up to $10.0
million of the company's outstanding common stock. The stock repurchase
program will commence May 20, 2008 and will continue for a six month period.
Purchases may be made from time to time in the open market, in block purchases
or in privately negotiated transactions, depending on market conditions, share
price and other factors.
About SRS Labs, Inc.
Founded in 1993, SRS Labs is the industry leader in audio signal
processing for consumer electronics. Initially based on audio technologies
developed at Hughes Aircraft, SRS Labs now holds over 150 worldwide patents
and is recognized by the industry as the foremost authority in research and
application of human auditory principles. Through partnerships with leading
global CE companies, semiconductor manufacturers and software partners, SRS
audio, surround sound and voice processing technologies have been included in
over one billion electronic products sold worldwide including HDTVs, mobile
phones, portable media devices, PCs and automotive entertainment. In fact, SRS
Labs is the de-facto standard of HDTV audio processing with nine of the top
ten name brand flat panel TVs featuring SRS technology. Additionally, SRS Labs
surround sound solutions provide 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. For more
information, visit http://www.srslabs.com.
Except for historical information contained in this release, all
statements in this release are forward-looking statements that are based on
management's beliefs, 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 or implied by
forward-looking statements made by or on behalf of the Company. These factors
include, but are not limited to, 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.
Investor Contact:
Ulrich Gottschling
(949) 442-5596
ir@srslabs.com

SOURCE SRS Labs, Inc.

Investors, Ulrich Gottschling of SRS Labs, Inc., +1-949-442-5596,
ir@srslabs.com