Media Release 1 February 2012

ACOUSTIC3D BRINGS YOU WORLDS FIRST 3D SPEAKERS

Acoustic3D Holdings Limited, Australias innovator of sound generation technology, has developed the worlds first range of three dimensional audio speakers. This groundbreaking audio breakthrough is expected to transform the audio industry and change our listening experience. Incorporated in Brisbane in April 2011, Acoustic3Ds aim has been to create speakers that not only produce three-dimensional sound but also provide unprecedented clarity and depth for the listener. Already rigorously tested by experts worldwide there is now scientific evidence that these speakers provide three-dimensional as well as distortion-free sound. The benefits of using Acoustic3Ds innovative speakers are endless. Whether it is for video conferencing, 3DTV, conventional cinema or outdoor broadcast, the Acoustic3D technology has a wide range of applications enabling it to produce a series of products that are technically superior and have a sustainable market and technological advantage over other competing products. Additionally, the Acoustic3D speakers are energy efficient, delivering maximum sound for minimum carbon footprint. In commenting on the technology and its wide range of applications, Joe Hayes, Founder and Managing Director said: Our speakers have applications in domestic and commercial/ industrial situations which will enable people to clearly hear public broadcasts for the first time in airports, train stations and any public arena. After 20 years of intense research and development, Joe Hayes, Acoustic3Ds founder has perfected the audio speakers that are able to produce three-dimensional sound by generating acoustic holograms. Acoustic3Ds technology has already been hailed as an exciting new technology and in November 2010 the company received a Commercialisation Australia grant to develop its audio products for the telepresence and consumer markets. The Acoustic3D technology is not an extension of existing audio technology. The implementation of Acoustic3Ds diffuser and algorithms completely replaces the traditional approach to audio technology with a new method to mathematically generate sounds that can be manipulated to produce a distortion free, three-dimensional sound experience. In commenting on the sound generation technology, Joe Hayes, Founder and Managing Director said: We believe this 3D holographic technology is comparable to the complexities involved in breaking the sound barrier many years ago. Many other organisations have been trying to develop an improvement in speaker clarity but the Acoustic3D solution is being recognised as a major breakthrough in audio sound reproduction which should provide us with a sustainable competitive advantage for many years to come.

THE ACOUSTIC3D TEAM: PROFESSIONALISM AND EXPERIENCE

JOE HAYES, FOUNDER AND MANAGING DIRECTOR, ACOUSTIC3D HOLDINGS LIMITED: For the past 18 years Joe has worked on holographic diffusion technology for application in signal processing and has used his early experience in audio technologies and knowledge of psychoacoustics to resolve the issues around the perception of holograms. At Queensland University of Technology Joe led the University bid on the National Framework for Energy Efficiency (NFEE) and coordinated the Universitys response to the NSEE public discussion paper on building efficiency. He also consults to a broad range of Queensland based businesses sponsored by the Queensland Manufacturing Institute to help high growth manufacturing companies manage complexity. Joe founded PASSAC, which manufactured and exported audio products throughout the world. Other positions include the Asia Pacific manager of Regulatory Affairs and Quality Systems for Dade Behring. RICK HOOPER, EXECUTIVE CHAIRMAN: Rick has been entrusted with senior executive responsibilities for the past 20 years. He is an experienced man in volume manufacture including legal corporate compliance, strategic growth plans, product category repositioning and Best Practice governance and procedures to ensure and increase shareholder value in various industries. JEFF MCDERMID, NON EXECUTIVE DIRECTOR: As a former director of a number of ASX-listed companies, Jeff has extensive experience in capital raisings, strategies and business planning. He has a passion for intellectual property based companies and is a Director of the not-for-profit Gold Coast Innovation Centre Ltd, a business incubator co-founded by the Queensland Government, Gold Coast City Council and Griffith University. ROBERT STARKEY, EXECUTIVE DIRECTOR: Robert has spent 30 years in tier one engineering business development. Following a career in mechanical and process engineering / project management, his focus has been to originate facilities management programmes which securitise commercial property income streams. JENNIFER DANN, EXECUTIVE DIRECTOR: Jennifer has extensive experience in business investment. She has represented the state of Queensland in national science conferences and acts as Research and Development support to core IP works. ABOUT ACOUSTIC3D: Acoustic3D Holdings Limited was incorporated in Brisbane in April 2011 to manufacture and distribute a range of Acoustic3D speakers through subsidiary companies or accredited distributors in all major markets world-wide. The company has developed a ground breaking technology which has a wide range of applications enabling it to produce a range of products that are technically superior and have a sustainable market and technological advantage over other competing products. In November 2010 the company received a Commercialisation Australia grant to develop its audio products for the telepresence and consumer markets. For more information please visit: www.acoustic3d.com For further information please contact: Rod North, Managing Director, Bourse Communications Pty Ltd, T: (03) 9510 8309, M: 0408 670 706, E: rod@boursecommunications.com.au