omniture

AuraSound Retains Lynx Capital, LLC, the Broker-Dealer Affiliate of Gemini Partners, Inc.

2011-07-21 21:02 1429

SANTA ANA, Calif., July 21, 2011 /PRNewswire-Asia-FirstCall/ -- AuraSound Inc. (OTC BB: ARUZ), has announced that they have retained Lynx Capital, LLC, the broker-dealer affiliate of Gemini Partners Inc., to lead the Company's new capital raise. The amount and structure for this financing will be determined in the coming weeks.

"We are fortunate to have experienced record quarterly shipments in all of our winning product segments over the past year," commented Mr. Harald Weisshaupt, AuraSound CEO and President. "This rapid growth requires us to raise capital to fund our continued success. The capital will be used to increase manufacturing capacity, to fund new product development, and to support working capital requirements. We are pleased to partner with Lynx Capital since they have a strong track record in raising capital. We also believe that their prior experience in fundraising with Aura will be invaluable."

"Aura's successful turnaround over the past year is very impressive, and they are poised to continue their growth at the forefront of audio technologies," commented Mr. Nathan Johnson, Lynx Managing Partner. "We are pleased that they have selected Lynx Capital to assist them in taking the company to the next level. Lynx provides Aura with unique value based on our prior experience with the company."

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Reliance should not be placed on forward-looking statements because they involve both known and unknown risks, uncertainties and other factors, which are, in some cases, beyond the control of AuraSound. Any statements in this press release that are not statements of historical fact are forward-looking statements, including, but not limited to, those relating to the AuraSound's long-term strategic objectives. Actual events, performance or results could differ materially from the anticipated events, performance or results expressed or implied by such forward-looking statements. BEFORE MAKING ANY INVESTMENT DECISIONS REGARDING OUR COMPANY, WE STRONGLY ADVISE YOU TO READ THE SECTION ENTITLED "RISK FACTORS" IN OUR MOST RECENT ANNUAL REPORT ON FORM 10-K, WHICH CAN BE ACCESSED AT WWW.SEC.GOV. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

About AuraSound, Inc.

AuraSound has almost 25 years' experience specializing in the design and manufacturing of high-end speakers, consistently providing people with an optimal audio experience. AuraSound's broad range of products includes high-quality drivers for TV's and laptops, state-of-the art subwoofers and tactile transducers. With their 2010 acquisition of ASI Audio technologies, they added an industry leading TV sound bar business, additional proprietary transducer technology, application specific amplifier designs, and award winning ID designs. AuraSound's products are based on patented and proprietary NRT® Drivers, BassShakers, Line Source tweeters and are included in many of the world's market share leading products. For more information visit the company website at www.aurasound.com.

Contact:

Pete Andreyev

Executive VP, Sales & Marketing

AuraSound, Inc.

+ 852 6194 8333

+ 86 156 2607 8084

pandreyev@aurasound.com



About Gemini Partners, Inc.

Gemini Partners, Inc. is a Los Angeles-based boutique investment bank providing small to middle market private and public companies corporate finance, merger and acquisition advisory and valuation advisory services through its affiliate Gemini Valuation Services, LLC. Gemini Partners also selectively invests in its client companies. For additional information regarding Gemini Partners please contact Nathan Johnson at 310-696-4001 or visit www.geminipartners.net.

About Lynx Capital, LLC

Lynx Capital, LLC is a Los Angeles-based investment banking broker-dealer registered with FINRA (www.finra.org) and SIPC (www.sipc.org), facilitating middle market private and public company corporate finance, merger and acquisition advisory services. For additional information regarding Lynx Capital please contact Nathan Johnson at 310-696-4001. Lynx Capital, LLC, Gemini Partners, Inc. and Gemini Valuation Services, LLC are all affiliated companies.

Source: AuraSound, Inc.
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