For Immediate Release

HOLOPHONE® RELEASES ENHANCED H2-PRO MICROPHONE
Portion of Proceeds Donated to Charity to Fight World Hunger

TORONTO, ONTARIO, MARCH 27, 2006-Holophone®, the leading manufacturer of surround microphones, has unveiled a new version of the popular H2-PRO Microphone. The ground-breaking H2-PRO, capable of recording up to 7.1 channels of discrete surround sound, is now offered with enhanced low frequency effects (LFE). With the enhanced LFE, the H2-PRO effectively permits a higher output level of deep bass information without imposing on the performance or levels of the rest of the system.

Ideal for instant capture of live surround sound for all professional audio applications, the H2-PRO is available at a special price of $5499 through May 15, and will be on display at the NAB Convention in Las Vegas, April 24-27 (Booth #3931). Holophone will also donate $500 from each unit sold to ONE, the world's leading organization in the fight against world poverty.

"We are thrilled to be launching our enhanced microphone," says Jonathan Godfrey, CEO of Holophone. "One unit is usually all that is required to capture the ambience of any event or venue and deliver that ‘being there' experience to the viewer. More importantly, we get to help a great cause. The fight against world hunger is crucial and we are happy to be on the front line."

As a single point-source, the H2-PRO utilizes the theories of head related transfer function (HRTF) to capture 7.1 channels of discrete surround-sound audio in a single, cost-effective unit. The enhanced H2-PRO features eight XLR microphone connectors, which are entirely compatible with all multichannel I/O devices. It is also compatible with all surround-sound encoding/playback formats (Dolby, DTS, Circle Surround, IMAX, etc.). An upgrade program is available for current H2-PRO owners.

ONE is a new effort by Americans to rally Americans to fight the emergency of global AIDS and extreme poverty. The ONE Campaign is engaging Americans through a diverse coalition of faith-based and anti-poverty organizers to show the steps people can take, ONE by ONE, to fight global AIDS and poverty. The ONE campaign is supported by the Bill and Melinda Gates Foundation with participants including Bono of U2, George Clooney, and Tom Hanks. For more information, please visit www.one.org.

About Holophone

Holophone is committed to developing and commercializing products that use patented 3-D audio technology to bring the physical experience of "really being there" to a new level for all audio and visual productions by professionals and hobbyists. Holophone provides customers and business partners with industry-leading product and service quality. Holophone is firmly dedicated to providing outstanding value, excellence in service, and product performance.

Holophone™ surround-sound microphones are patented audio recording devices designed specifically to address the challenges audio professionals face in capturing, recording and broadcasting multi-channel surround sound. Developed by Rising Sun Productions in Toronto, Canada, Holophone systems effortlessly capture discrete signals that are ultra-realistic and provide the most accurate spatiality, audio imaging and directionality of any recording device. Entirely compatible with all audio mixing, encoding, and playback systems, Holophone also enhances mono and stereo mixes. Holophone systems provide the perfect front end for all professional and consumer audio applications including HDTV broadcasting, standard broadcasting of live sporting and music events, feature film location recording, and studio recording for music, films and worship applications. Holophone surround sound technology has been used for numerous national and international broadcasts, including the Grammy Awards and NFL Super Bowl. As a scalable system, Holophone technology is also available for license to the consumer electronics industry.

For more information, please contact:

Dania Pilot Holophone Tel: 416-362-7790 Fax: 416-362-7780 Email: pr@holophone.com

Debra Pagan D. Pagan Communications, Inc. Tel: 631-659-2309, ext. 18 Fax: 631-659-2310 Email: debrap@dpagan.com