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PRESS RELEASE

Celemony to Team with Ueberschall to Create Virtual Instruments

January 16, 2004

At the Winter NAMM Show, Celemony Software and the German sample specialist Ueberschall announced a new collaboration. The primary objectives of the joint venture are the development of sample-based VST instruments employing the Melodyne engine and the creation of a high-quality sample library for Melodyne users.

The first fruits of the synergy are expected to be seen at the Frankfurt Musikmesse: a new type of VST instrument, the samples of which Melodyne will also be capable of importing.

Commented Ueberschall CEO Uwe Kinast: "The Melodyne engine makes it possible to handle sampled phrases and loops in a totally new manner and brings about an enormous increase in the possibilities of a sample VST instrument: with this technology, licks even within a sample can be adapted in pitch, tempo and timing to your own songs, enabling the same sample to be used in a hundred different forms. We are very excited about our first joint product and look forward to continuing our creative collaboration with Celemony."

For more information, visit their web site at http://www.celemony.com/.

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