Parametric Sound Hires Investment Bank

Parametric Sound Hires Investment Bank 
SAN DIEGO, CA -- (Marketwire) -- 03/28/13 --  Parametric Sound
Corporation (NASDAQ: PAMT), a leading innovator of audio products and
solutions, today announced that it has retained the services of
Houlihan Lokey, an international, advisory-focused investment bank
with expertise in mergers and acquisitions, capital markets,
financial restructuring, and valuation. 
"The Company has been approached by several industry leaders in key
target verticals to discuss strategic alternatives," said Ken
Potashner, executive chairman. "We have engaged Houlihan Lokey to
help us assess the opportunities." 
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 foremost
authority in the application o
f 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  
About Houlihan Lokey
 Houlihan Lokey is an international investment
bank with expertise in mergers and acquisitions, capital markets,
financial restructuring, and valuation. The firm serves corporations,
institutions, and governments worldwide with offices in the United
States, Europe, and Asia. Independent advice and intellectual rigor
are hallmarks of our commitment to client success across our advisory
services. Houlihan Lokey is ranked globally as the No. 1
restructuring advisor, the No. 1 M&A fairness opinion advisor over
the past 10 years, and the No. 1 M&A advisor for U.S. transactions
under $3 billion, according to Thomson Reuters. 
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 evaluating, pursuing and finalizing
possible strategic alternatives including but not limited to
licensing, mergers, joint ventures, spin-offs or other corporate
transactions, 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. 
Tracy Neumann
888-HSS-2150 Ext 509
Dave Mossberg
Three Part Advisors, LLC
817 310-0051 
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