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PRESS RELEASE

Universal Audio Announces Licensing Agreement With AMS Neve Limited

UA to co-develop licensed UAD-1 Classic Console Plug-Ins

January 21, 2006

Universal Audio, a manufacturer of high-quality vintage audio hardware and DSP software plug-ins for digital audio workstations, today announced a trademark licensing agreement with AMS Neve Limited. Under the terms of this agreement, Universal Audio will develop plug-in software emulations of Neve signal processors for their UAD-1 DSP Card & Powered Plug-Ins™ system. The first product to be launched under the new agreement will be the Neve 1073 Equalizer.

"Neve is a brand synonymous with landmark recording equipment innovations and some of the best sounding consoles and audio hardware designs of the past 40 years." said Matt Ward, President of Universal Audio. "To say we are excited about having the opportunity to bring these time-honored classics and the Neve brand to the DAW world and our UAD-1 user base, would be an understatement. It is truly an honor to have a company as esteemed as Neve entrust us to create software emulations of their classic products."

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"The Neve sound is the most sought after in the world," said Neve President Tom Misner "Its availability as plug-ins will compliment the range of Classic and New Classic Neve Outboard Units". Simon Daniels, Product Marketing Manager at Neve added, "Universal Audio has a demonstrated ability to create extremely accurate emulations of classic signal processors. We are confident that Universal Audio will develop the Neve plug-ins with the skill necessary to maintain and strengthen Neve's outstanding reputation."

For more information, visit their web site at www.uaudio.com.

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