Circuit Research Labs, Inc. Announces a 100% Stock Dividend.

Business Editors

TEMPE, Ariz.--(BUSINESS WIRE)--July 7, 2000

Circuit Research Labs, Inc. (CRL) (OTC/BB: CRLI) today announced that its Board of Directors has voted in favor of a 100% stock dividend of one share of common stock for each share held, payable on August 15, 2000 to all shareholders of record as of the close of business on July 31, 2000.

Charles Jayson Brentlinger, President, CEO and Chairman of CRL stated, "This action was taken to increase liquidity and broaden the ownership in the Company's shares, which have shown an increase in trading activity since the announcement of our intent to acquire Orban."

CRL Systems closed on the acquisition of Orban on May 31, 2000. Orban is the largest manufacturer of high quality audio processing for radio, television and Internet broadcasters. Orban also manufactures the acclaimed Audicy digital audio workstation.

CRL produces high-quality electronic audio processing, transmission encoding, and noise reduction equipment for the radio, television and professional audio markets.

For more information on CRL and Orban products, contact Teresa Zieminski-Myers at [phone]; fax: [phone]; e-mail: [e-mail]. Information is also available at web sites: www.crlsystems.com and www.orban.com.