POWAY, CA -- (Marketwire) -- 06/27/12 -- Parametric Sound Corporation (NASDAQ: PAMT), a leading innovator of directed audio products and solutions, today announced that it has appointed Stephen Thesing as Vice President, Marketing and Business Development, bringing with him over 20 years of experience in the development of global marketing programs and revenue streams for high-growth technology companies.

"We are at a point where we plan to begin aggressively scaling our business development relationships and activities," said Kenneth F. Potashner, executive chairman of Parametric Sound. "Steve will be instrumental to helping us achieve that growth."

Steve was influential in successfully launching and building several startup companies in Silicon Valley and San Diego, as well as startup divisions within larger companies. He was an Internet pioneer with Sun Microsystems (Verisign, Travelocity), built the OEM ecosystem at Veritas Software (Dell, HP/Compaq), and the global alliances and sales channels for Troika Networks, acquired by Qlogic. Most recently, Steve was Vice President of Channels and OEM for Anakam, a San Diego-based software company that was sold to Equifax in October, 2010. He holds a degree in Business, MIS & Marketing from California Polytechnic in San Luis Obispo, California.

In connection with such appointment, Mr. Thesing received an option to purchase 32,000 shares of Parametric common stock at an exercise price of $9.25 per share, the closing price of Parametric common stock on June 25, 2012, and which is exercisable for five years from the grant date. The vesting schedule for the option grant is quarterly over three years commencing on September 30, 2012 with the option becoming fully vested on June 30, 2015, subject to continued service and other conditions. This grant is outside Parametric's existing shareholder approved equity plan and was approved by the Company's independent directors as an inducement material to Mr. Thesing entering into employment with Parametric in reliance on NASDAQ Listing Rule 5635(c)(4), which requires this public announcement.