PRESS RELEASE
          Contact: Clyne Media, Inc.
          Tel: (615) 662-1616
          Fax: (615) 662-1636
        FOR IMMEDIATE RELEASE 
          
        
        WAVES ADDS TWO POWERFUL NEW DYNAMICS 
          PROCESSORS 
          TO KEY BUNDLES
        — MV2 for stereo production and MV360° for surround sound 
          offer both high and low level compression —
        TEL AVIV, ISRAEL, September 22, 2008 — 
          Waves Audio is pleased to announce the release of two powerful new dynamics 
          processors, the MV2 and MV360°. These intuitive multi-function compressors 
          are being added to several of Waves’ most popular bundles.
        With both low level and high level compression in one 
          convenient tool, the MV2 makes it easier than ever to control level 
          and overall perceived volume. The MV2 features a dual fader interface 
          that lets users intuitively dial up optimal volume levels. It is now 
          included in Waves Mercury, Diamond, Platinum, Gold and Broadcast & 
          Production bundles, and it is available at no additional charge to existing 
          users of those bundles covered by the Waves Update Plan.
        MV360° is the ultimate dual function dynamics processor 
          for 5.0 and 5.1 surround applications. It features six channels of low 
          level and high level compression, with five versatile Link modes, making 
          it the simplest, most flexible way to control volume levels in surround 
          production environments. The MV360° is being added to the 360° 
          Surround Tools and Mercury bundles, and it is available at no additional 
          charge to existing users of those bundles covered by the Waves Update 
          Plan. 
        The new 360° Surround Tools package – including 
          MV360° – is $1,400 Native / $2,800 TDM. 360° Surround 
          Tools users covered by the Waves Update Plan can receive the MV360° 
          at no additional charge through their Waves account.
        For more information, please visit www.waves.com.
         ...ends 229 words
        About Waves Ltd.:
          Waves is a leading provider of audio DSP solutions for professional, 
          broadcast, and consumer electronics audio markets. Waves has ten years 
          of expertise in the development of psycho-acoustic signal processing 
          algorithms that leverage knowledge on the human perception of hearing 
          to radically improve perceived sound quality. Waves’ award-winning 
          processors are utilized to improve sound quality in the creation of 
          the world’s most popular music, movie soundtracks, and multimedia 
          titles. Waves offers computer software solutions and hardware plus software 
          solutions for the professional and broadcast markets. Waves also offers 
          semiconductor with embedded software solutions under the Maxx brand 
          for the consumer electronics audio applications. Waves’ Maxx technology 
          dramatically enhances audio performance in consumer applications and 
          has been licensed to several leading companies, including Motorola and 
          Microsoft. For more information, visit the Waves web site at http://www.waves.com.
        Other brand and product names may be trademarks of the 
          respective companies with which they are associated.
          
        
        Waves Contacts:
          North America Offices:
          Waves, Inc., 2800 Merchants Drive, Knoxville, TN 37912; 
          Tel: 865-909-9200, Fax: 865-909-9245, Email: info@waves.com, 
          Web: http://www.waves.com
        Corporate Headquarters Israel:
          Waves Ltd., Azrieli Center, The Triangle Tower, 32nd Floor, 132 Derech 
          Petach-Tikva, 
          Tel-Aviv 67027, Israel; Tel: 972-3-608-4000, Fax: 972-3-608-4056, Email: 
          info@waves.com, 
          Web: http://www.waves.com
        Waves Public Relations:
          Clyne Media, Inc., 169-B Belle Forest Circle, Nashville, TN 37221;
          Tel: 615-662-1616, Fax: 615-662-1636, Email: robert@clynemedia.com, 
          
          Web: https://clynemedia.com