Parametric Sound Provides Business Update

Parametric Sound Provides Business Update 
SAN DIEGO, CA -- (Marketwire) -- 03/25/13 --  Parametric Sound
Corporation (NASDAQ: PAMT), a leading innovator of audio products and
solutions, today provided outlook for FY2014. The Company announced
that it is expecting to be cash flow positive from operations for
2014 from its core digital signage and licensing business.  
"We have been able to advance strategic licensing discussions and we
have achieved success on several recent digital signage pilot
projects that we expect will translate to high volume customer orders
late in 2013 and in 2014. As a result, we anticipate that we will be
operating cash flow positive in 2014," said Ken Potashner, executive
chairman. "The possible volumes associated with product rollouts have
exceeded our internal projections for digital signage. We expect the
investments we are making in 2013 to build this business for 2014
growth will result in quarterly performance for the balance of 2013
consistent with prior communications. 
"Further strengthening our outlook for 2014 is important progress on
the licensing front, as we are now in negotiations with several
market leading prospects in key market verticals. We expect the
combination of product sales and future IP license revenue should
result in strong future growth. We are very pleased with our
accomplishments in both areas." 
The focus of the Company's business activities is on the global
commercialization of HyperSound(TM) products in conjunction with
licensing the Company's IP to consumer electronic manufacturers. It
has established a sales and marketing channel with the capabilities
to exploit the market potential of HyperSound products and is in
discussions with several companies regarding licensing its IP or
pursuing other strategic relationships. 
About Parametric Sound Corporation
 Parametric Sound Corporation is a
pioneering innovator of directed audio solutions. With a substantial
body of intellectual property, Parametric Sound is the leading
authority in the application of acoustic technology to beam sound to
target a specific listening area without the ambient noise of
traditional speakers. The Company is targeting its technology for new
uses in consumer markets including computers, video gaming,
televisions, home audio, health care and mobile devices. For more
information, visit www.parametricsound.com.  
Trademark Information: HyperSound is a tradename of, Parametric
Sound. All other trade names used herein are either trademarks or
registered trademarks of the respective holders.  
Cautionary note on forward-looking statements
 This press release
includes forward-looking information and statements. Except for
historical information contained in this release, statements in this
release may constitute forward-looking statements regarding
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 expectations are based
upon reasonable assumptions, there can be no assurances that goals
and strategy will be realized. Numerous factors, including risks and
uncertainties, may affect actual results and may cause results to
differ materially from those expressed in forward-looking statements
made by the Company or on its behalf. Some of these factors include
the uncertainties inherent in projecting future results, timing of
licensing activity, unanticipated delays in shipping products to
customers, including manufacturing problems and timing and scheduling
of customers' rollout plans, the ability to obtain and retain
customers in target markets in a timely manner, the acceptance of
existing and future products, the impact of competitive products and
pricing, general business and economic conditions, and other factors
detailed in the Company's Annual Report on Form 10-K and other
periodic reports filed with the SEC. The Company specifically
disclaims any obligation to update or revise any forward-looking
statement whether as a result of new information, future developments
or otherwise. 
CONTACT:
Tracy Neumann
888-HSS-2150 Ext 509
tneumann@parametricsound.com
or
INVESTOR RELATIONS CONTACT:
Dave Mossberg
Three Part Advisors, LLC
817 310-0051 
 
 
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