FOR IMMEDIATE RELEASE

PARAMETRIC SOUND FOCUSES ON

DIRECTED AUDIO INNOVATIONS

HENDERSON, NEVADA, October 5, 2011 – Parametric Sound Corporation (OTCBB: PAMT), a leading innovator of directed audio products and solutions, has completed its first fiscal year (September 30, 2011) as an independent public company following its September 2010 spin-off.

“We productively made important investments in technology and patents, product design and now have adequate production working capital for ramping sales,” said Elwood G. Norris, founder and President of Parametric Sound. “We continue to innovate and are focusing our talented team on exciting new products in active development designed to enhance our leadership position in the directed audio market and to target additional and larger market segments.”

On September 28, 2011 the Company retired the balance of $30,000 from $700,000 of spin-off debt financing secured in September 2010. As previously reported, $670,000 was converted to equity in June 2011. At September 30, 2011 the Company had no debt other than trade payables, accruals and deferrals. Also on September 30, 2011, two officers exercised warrants on 400,000 shares of common stock at $0.75 per share resulting in cash proceeds of $300,000 to supplement working capital. These warrants were originally issued in February 2011 as a part of a $1,000,000 equity financing.

Norris concluded, “While we are proud of the important progress made in our first fiscal year, our expectations for fiscal 2012 are extremely high as we anticipate notable new product announcements, customer collaborations and growing product sales.”