Parametric Sound Hires Investment Bank

SAN DIEGO, CA--(Marketwire - March 28, 2013) -

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 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, visitwww.parametricsound.com.

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.