PRESS RELEASE
          Contact: Clyne Media, Inc.
          Tel: (615) 662-1616
          Fax: (615) 662-1636
         FOR IMMEDIATE RELEASE
         WAVES ANNOUNCES NEW LIVE DIVISION
        — Company formalizes its commitment to the live sound market 
          with a new dedicated division whose mission is to focus on the needs 
          of FOH, Monitor and Live Sound/Recording Engineers —
        WINTER NAMM SHOW, ANAHEIM, CA, January 15, 2009 
          — Based on years of creating hardware and software tools that 
          have become a staple of the modern recording studio, Waves Audio announces 
          the formation of the Waves Live Division, a dedicated branch addressing 
          the current and future needs of the live sound market sector. Throughout 
          its history, Waves has brought to market a number of products that have 
          become indispensable components of the live sound signal chain, and 
          with the Waves Live Division, the company now formalizes its commitment 
          to the live sound market, benefiting FOH, Monitor and Live Sound/Recording/Live 
          Broadcast engineers. As part of the Division’s inaugural initiatives, 
          Waves will unveil a new Live Division website (www.waveslive.com), 
          as well as release the D-Show Enabler, making over 50 Waves TDM plug-ins 
          compatible for the live environment.
        Waves’ history in the live sound market is rich 
          and varied. MaxxBCL was the first Waves product to successfully help 
          deliver the most bass out of PA systems including Line Arrays, and since 
          its introduction over three years ago, it has been used by leading sound 
          companies, improving sound in prominent tours, top live venues, and 
          places of worship around the world. Also, since its release in November 
          2006, Waves Live Bundle has become one of the most valued processor 
          packages to accompany Digidesign’s Venue consoles. Many of the 
          world’s top FOH engineers – “Big Mick” Hughes 
          (Metallica, Led Zeppelin), Ken “Pooch” Van Druten (Linkin 
          Park, System of a Down), Phil Strong (Kanye West), Cirque du Soleil’s 
          Jonathan Deans and Leon Rothenberg, to name a few – currently 
          use Waves processing in all sectors
        With the Waves Live Division, Waves continues to introduce 
          new software for live sound, with an in-depth focus on innovative, market-driven 
          product. The advantages of Waves Live tools are plentiful: With Waves, 
          live engineers now have access to the same award-winning plug-ins heard 
          on hit records, major motion pictures, and popular video games the world 
          over. From equalizers, channel strips and reverbs, to effects, compressors 
          and limiters, artists are now able to take their exact same Waves studio 
          settings into a live performance environment.
        In addition to these benefits, Waves simplifies a live 
          setup by eliminating the need for dozens of pieces of rackmounted gear. 
          Additionally, over the last few years, Waves has earned the reputation 
          for accurately modeling every last nuance of the sound and behavior 
          of the most highly sought-after vintage gear. Now, live engineers can 
          offer these classic sounds without having to track down and haul expensive, 
          fragile original processor units.
        As part of the new Division’s product initiatives, 
          over 50 of Waves’ most popular plug-ins are now compatible with 
          Digidesign’s D-Show platform, using the new Waves D-Show Enabler. 
          Award-winning Waves TDM plug-in bundles like the SSL 4000 Collection, 
          V-Series, The API Collection, MaxxVolume, and more are now available 
          for use in live sound. 
        With a wide variety of experiences in both live sound 
          and sound design, Asher Bitansky, Waves Director of Business Development, 
          has been appointed by Waves to oversee the business side of the Live 
          Division’s formation. Bitansky will be on hand at Winter NAMM 
          for further information on Waves Live Division. Additonally, hands-on 
          demos of the new live TDM plug-ins will be available at the Digidesign/Venue 
          booth.
        “Waves has an unwavering commitment to great sound 
          and to offering performers and engineers the tools they need,” 
          stated Gilad Keren, CEO of Waves. “With the Waves Live Division, 
          Waves can now offer more formal, dedicated efforts to serving the needs 
          of this substantial group of professional audio engineers.”
        For more information, please visit www.waveslive.com 
          or www.waves.com.
        
        ...ends 586 words
        
        About Waves Ltd.:
          Waves is a leading provider of audio DSP software and hardware solutions 
          for the professional, broadcast and consumer audio market sectors. Waves’ 
          award-winning products are chosen by key industry professionals, and 
          the Waves sound can be heard on countless hit recordings, major motion 
          pictures and popular video games worldwide. Waves also offers semiconductors 
          with embedded software solutions and licensable algorithms under the 
          Maxx brand for consumer electronics audio applications. Waves’ 
          Maxx technology dramatically enhances audio performance in consumer 
          applications and has been licensed to several prominent 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