Parametric Sound Provides Update

SAN DIEGO, CA--(Marketwired - April 09, 2013) -

Parametric Sound Corporation (NASDAQ:PAMT), a leading innovator of audio products and solutions, responds to inquiries regarding the Company's initiatives:

• What is the status of the Company's licensing activity?
  • The Company has received substantial licensing proposals for its HyperSound™ technology addressing key market verticals.
  • The Company has been approached by several industry leaders in key target verticals to pursue strategic discussions and as a result retained investment bank Houlihan Lokey.
  • The Company is deferring decisions to execute licenses as it assesses strategic opportunities.
  • The Company is actively pursuing strategic discussions regarding the Company and its technology.

• What is the status of commercial pilot projects?
  • The Company continues to perform successfully on multiple pilot programs.
  • Several pilots have been expanded based on successful results.
  • Commercial efforts are expected to produce broad-based rollouts during the balance of 2013 and in 2014.
  • The Company has a growing pipeline of global applications for its directed audio solutions.

• Is the Company considering a discounted private placement commonly referred to as a PIPE?
  • The Company is not considering a PIPE financing.

The Company is focused on the global commercialization of its HyperSound technology.

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.