PARAMETRIC SOUND COMPLETES PUBLIC OFFERING

OF COMMON STOCK

HENDERSON, NV, March 28, 2012 – Parametric Sound Corporation (Nasdaq: PAMT), a leading innovator of directed audio products and solutions, announced today the completion of its public offering of 1,888,888 shares of common stock. All such shares were sold at the price of $4.50 per share resulting in gross proceeds of $8.5 million and net proceeds of approximately $7.3 million after deducting underwriting discounts and commissions and estimated offering expenses.

“We are pleased to have successfully completed the offering," stated Ken Potashner, Executive Chairman. "The offering will enable the company to launch its licensing and product-based strategies. We also now have the financial resources necessary to further strengthen our industry-leading IP portfolio.”

MDB Capital Group LLC acted as the sole manager of the offering. The offering was made only by means of a prospectus, copies of which may be obtained from MDB Capital Group LLC, 401 Wilshire Boulevard, Suite 1020, Santa Monica, CA 90401, (310) 526-5000. The Company has granted the underwriters a 45-day option to purchase up to an additional 283,333 shares of Parametric Sound’s common stock to cover over-allotments, if any.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities nor shall there be any offer or sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.