Australian Broadcasting Corporation TV Taps Euphonix System 5-B; 10 Consoles Ordered in Move to Digitize Studios and New Fleet of OB Vans.

Entertainment/Business Editors

PALO ALTO, Calif.--(ENTERTAINMENT WIRE)--April 23, 2001

Euphonix (NASDAQ:EUPH) announced today, at the 2001 National Association of Broadcasters Convention in Las Vegas, that the Australian Broadcasting Corporation has entered into a contract for the purchase of 10 System 5-B consoles.

This unprecedented move represents Euphonix' largest single order of the System 5 since its introduction in September of 1999. With total sales worldwide of 77 consoles to date, the System 5 is the fastest selling, large format, all digital console in the history of the industry.

"From the beginning, I knew we had the solution for the ABC's wide range of requirements," commented Dave Christenson, Director of International Sales for Euphonix. "I think in the final analysis our ease of use, ease of installation and high reliability made the System 5-B the best choice."

Euphonix is showcasing the new System 5-B (a broadcast configured variant of the award winning System 5) at the NAB Conference this week. "To have an endorsement of this magnitude from a broadcaster with the stature of ABC TV, is a tremendous testament to the design philosophy of the System 5," said Steve Vining, CEO of Euphonix Inc.

The sale was completed through Technical Audio Group, exclusive Euphonix representative for Australia, who also oversaw the successful use of two large System 5 consoles for the 2000 Sydney Olympics broadcasts. After the Olympics, the two consoles, along with a third System 5, were purchased by Australia's Network Seven.

Alistair Dewar, System 5 Product Manager for Technical Audio Group noted, "ABC Television purchased 10 System 5 consoles because of the flexibility it offers, the time saving aspects of recallable routing, layouts and snapshots and because it performs the functions needed for ABC OB's and studios extremely well." The consoles will be installed in a new fleet of OB vans to be based in capitol cities throughout Australia.

This order along with the recent selection of the System 5-B by Oprah Winfrey's Harpo Studios marks an extraordinary launch for the newly configured System 5-B.

Located in Silicon Valley, Euphonix Inc. develops, manufactures and supports networked digital audio systems for music, film & TV post-production, broadcast, sound reinforcement and multimedia applications. Through innovative design, Euphonix products enable professional artists, producers, and engineers, to be more productive and creative than ever before.

In addition, the company is developing software, hardware and support services for Internet enabled audio production in the entertainment industry. Founded in 1988, Euphonix has delivered more large format digital control mixing consoles worldwide than any other manufacturer and is the first professional console manufacturer to deliver the combination of a 24-bit/96 KHz audio console and multitrack recorder to the industry. For more information call 650/855-0400, or visit the Euphonix web site at www.euphonix.com.