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PRESS RELEASE

Steinberg and Prosoniq Define New Cooperation

July 22, 2000

Steinberg and Prosoniq today announced to intensify their collaboration on the developer level. Prosoniq will deliver time-stretching functionality for Steinberg's Nuendo Media Production System. The new Nuendo System 1.5 will be introduced at AES in Los Angeles, September 2000.

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Due to structural changes of the Prosoniq company, and focusing on the host applications of the SonicWORX series, Steinberg and Prosoniq agreed to end the distribution agreement for the products Dynasone, VoxCiter, Ambisone, OrangeVocoder, Roomulator, as well as the time- and pitch-scaling software TimeFactory. Prosoniq Products Software GmbH will announce the new distribution at the given time.

For more information, visit their web site at www.steinberg.net.

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