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DTS Appoints Greg Ballard to Board of Directors
Business Wire, May 9, 2008
AGOURA HILLS, Calif. -- DTS, Inc. (Nasdaq:DTSI) announced the appointment of Greg Ballard to its Board of Directors, effective May 1, 2008.
Mr. Ballard is currently the President, Chief Executive Officer and director of Glu Mobile Inc., (GLUU). Prior to joining Glu in 2003, he was CEO of SONICblue Incorporated, a manufacturer of ReplayTV digital video recorders and Rio digital music players. Mr. Ballard has also served as CEO of MyFamily.com, Inc., a subscription-based Internet service, served as CEO or held other senior executive positions with 3dfx Interactive, Inc., an advanced graphics chip manufacturer, Warner Custom Music Corp., a division of Time Warner, Inc., Capcom Entertainment, Inc., a developer and publisher of video games, and Digital Pictures, Inc., a video game developer and publisher.
Mr. Ballard also serves as an advisor to LaunchBox Digital. He holds a B.A. degree in political science from the University of Redlands and a J.D. from Harvard Law School.
"We are pleased to have Greg joining our board," commented Dan Slusser, DTS' Chairman. "He brings a well-rounded technology, content and media background. Further, his extensive leadership experience in the consumer electronics industry strengthens our board as we work to build a more profitable consumer licensing business."
About DTS
DTS, Inc. (NASDAQ: DTSI) is a digital technology company dedicated to delivering the ultimate entertainment experience. DTS decoders are in virtually every major brand of 5.1-channel surround processor, and there are hundreds of millions of DTS-licensed consumer electronics products available worldwide. A pioneer in multi-channel audio, DTS technology is in home theatre, car audio, PC and game console products, as well as DVD-Video, HD-DVD, Blu-ray Disc and Surround Music software. Founded in 1993, DTS is headquartered in Agoura Hills, California and has offices in the United Kingdom, Ireland, France, Italy, Canada, Hong Kong, Japan and China. For further information, please visit www.dts.com. DTS is a registered trademark of DTS, Inc.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks, uncertainties, assumptions and other factors which, if they do not materialize or prove correct, could cause DTS' results to differ materially from historical results or those expressed or implied by such forward-looking statements. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including statements containing the words "planned," "expects," "believes," "strategy," "opportunity," "anticipates" and similar words. These statements may include, among others, plans, strategies and objectives of management for future operations; any statements regarding proposed new products, services or developments; any statements regarding future economic conditions or financial or operating performance; statements of belief and any statements of assumptions underlying any of the foregoing. The potential risks and uncertainties that could cause actual growth and results to differ materially include, but are not limited to, the timing, costs and attention attendant to the divesture of the non-consumer business, the transition to the next generation optical drives and consumer adoption of such technology, the rapidly changing and competitive nature of the digital audio, consumer electronics and entertainment markets, the Company's inclusion in or exclusion from governmental and industry standards, customer acceptance of the Company's technology, products, services and pricing, risks related to ownership and enforcement of intellectual property, the continued release and availability of entertainment content containing DTS audio soundtracks, changes in domestic and international market and political conditions, risks related to integrating acquisitions and other risks and uncertainties more fully described in DTS' public filings with the Securities and Exchange Commission, available at www.sec.gov. DTS does not intend to update any forward-looking statement to reflect events or circumstances arising after the date on which it was made.
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