SANTA ANA, California, Nov. 9, 2011 /PRNewswire-Asia-FirstCall/ -- AuraSound, Inc. (OTC BB: ARUZ.OB) announced today it that it recently shipped its one millionth TV soundbar in just over two years from initial product launch. The company offers a range of entry to high end soundbar models worldwide under multiple brands. AuraSound's manufactured TV soundbars won the top three ratings from U.S. Consumer Reports earlier this year, and have consistently earned top rankings in many other independent product reviews. The company recently announced revenue growth of 819% in its 2011 fiscal year ending June 30th, 2011, largely fueled by the exploding demand for TV soundbars.
"We are excited about this major achievement in a fast growing and very strategic market for AuraSound", Henry Cheng, Vice President of Operations stated. "Our world-class manufacturing capability, highest quality products, and strong and growing customer demand enabled this important milestone. We are proud of our leading position in the U.S. market, and are aggressively expanding to other worldwide markets. We continue to develop new leading edge products that will be introduced into the market early next year that we anticipate will keep us ahead of our competitors. Based on this we are very optimistic about our ongoing success in the TV soundbar segment, given our ability to provide products with unsurpassed acoustic performance and quality at competitive prices to our customers."
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 include high-quality drivers for TV's and laptops, state-of-the art subwoofers and tactile transducers. AuraSound's products are based on patented and proprietary NRT® Drivers, Bass Shakers, Line Source tweeters and more. With their 2010 acquisition of ASI Audiotechnologies, they added an industry leading TV soundbar business, additional proprietary transducer technology, application specific amplifier designs and award winning ID designs. For more information visit the company web site at www.aurasound.com.
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SOURCE AuraSound, Inc.