SRS Labs Invites the Public to Join Its Fiscal 2006 First Quarter Earnings Conference Call and Webcast on May 11, 2006

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     The Company Also Announces Its Participation in Upcoming Investor

     Conference

    SANTA ANA, Calif., May 4 - SRS Labs (Nasdaq: SRSL), a leading provider of innovative audio and voice technology solutions, announced today it will host a conference call and web cast to review its 2006 first quarter financial results on Thursday, May 11, 2006, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). The company's financial results are expected to be released at 1:30 p.m. Pacific Time (4:30 Eastern Time) the same day and will be posted on the company's website on the investors relations page at http://www.srslabs.com.

    DETAILS

    WHAT

    SRS Labs 2006 first quarter financial results conference call and web cast

    DATE

    Thursday, May 11, 2006

    TIME

    2 p.m. Pacific Time (5 p.m. Eastern Time)

    HOW

    The dial-in number for the call in North America is 866-802-4305 and

    703-639-1317 for international callers. The call will also be web cast

    live over the Internet. Simply log-on to the investor relations page at

    http://www.srslabs.com.

    REPLAYS

    The webcast will be archived on the company's website for 60 days

    following the call. An audio replay of the conference call will be

    available for seven days beginning at 5 p.m. Pacific Time on May 11. The

    audio replay dial-in number for North American is 866-837-8032 The replay

    pass code is 902570.

    The company also said that its executives will be participating in the following upcoming investor conference:

    The AeA Micro Cap Financial Conference

    The Monterey Plaza Hotel

    Monterey, California

    Monday, May 8, 2006 3:30 p.m. (Pacific time)

    Presenters: Thomas C. K. Yuen, chairman and chief executive officer

     Ulrich Gottschling, chief financial officer

    To access the live audio web cast of this presentation, visit the SRS Labs investor relations page at http://www.srslabs.com. An archived version of the event will be available for approximately 60 days following the event.

    About SRS Labs, Inc.

    SRS Labs is a recognized leader in the advancement of audio and voice technology. The company works with the world's top manufacturers to provide a richer entertainment experience through patented sound techniques. SRS Labs' technologies can be heard through products ranging from televisions, LCD and plasma monitors, mobile phones, MP3 players, car audio systems, and notebook and desktop computers. The company also offers hardware and software tools to professionals and consumers for the creation, production and broadcast of content featuring SRS Labs' technologies. For more information about SRS Labs, Inc. please visit http://www.srslabs.com.

    Certain statements in this news release are forward-looking statements that involve a number of risks and uncertainties. Such forward-looking statements include statements which may be preceded by the words "scheduled," "will," "expect" or similar words. For such statements, the company claims the protection of the Private Securities Litigation Reform Act of 1995. Actual events or results may differ materially from the company's expectations. Important factors that could cause actual results to differ materially from those stated or implied by the company's forward-looking statements are disclosed in the company's SEC reports, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2005. These forward-looking statements represent the company's judgment as of the date of this release. The company disclaims any intent or obligation to update these forward-looking statements.

    Contact: Ulrich Gottschling

     Chief Financial Officer

     Tele: 949-442-5596

     Email: ir@srslabs.com
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