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HIGH-VALUE, HIGH-PERFORMANCE NEW DENON® 5.1 CHANNEL HOME THEATER SYSTEM MAKES IT EASIER AND MORE AFFORDABLE TO UPGRADE TO AMAZING SURROUND SOUND – RIGHT OUT OF THE BOX!

— 650-Watt System Brings Together Two of the Most Trusted Audio Brands, Denon and Boston Acoustics, in One Powerful Package —

Mahwah, NJ, April 25, 2012 — Denon Electronics, a premier manufacturer of high-quality audio and home entertainment products, is proud to announce the availability of its DHT-1513BA Home Theater System (SRP: $599.99), a powerful yet compact turnkey solution that combines an advanced Denon A/V receiver and amplifier with six acoustically matched Boston Acoustics loudspeakers for a room-filling surround sound experience. Designed for total simplicity of set-up and use, the DHT-1513BA dramatically enhances the enjoyment of movies, music and games right out of the box.

Yoshinori Yamada, Product Manager for Denon core products, noted: “Many consumers today are looking for a way to enjoy truly great and immersive surround sound with their home entertainment – but they don’t want to break the bank to do it. With the debut of our high-value, high-performance DHT-1513BA system, we are making it easier and more affordable than ever to upgrade to an amazing sound experience. As soon as you get this system home, you will be able to enjoy a cinematic and detailed soundstage that’s ideal for movies, music and video games.”

Room-Filling Sound Quality – in a Smarter, Smaller Package
Denon’s DHT-1513BA system features a slimmer, vibration-resistant chassis design twenty percent smaller than previous Denon home theater systems, making it ideal for easy installation in virtually any room. DHT-1513BA offers simple and intuitive ways to incorporate more personal audio/video content from smartphones, digital cameras, via easily accessible front-panel HDMI input.

The powerful DHT-1513BA system utilizes a set of four Boston Acoustics satellite speakers, one center-channel speaker, and one down-firing subwoofer, all optimized for use with one another. The result is a dramatic, expansive soundstage. Notably, the subwoofer features BassTrac circuitry, which delivers tight, precise bass response by eliminating low-frequency distortions. In addition, the speakers feature a diffracting architecture that is designed to fill every corner of the room with great sound.
Premium Audio Technologies Create Convincing Soundstage
The DHT-1513BA’s built-in receiver is outfitted with several audio technologies to ensure an immersive surround sound experience. With equal power amp design, each of the receiver’s five channels is powered by its own discrete circuitry. This allows the receiver to reproduce original sounds more faithfully than those which use integrated circuits. Additionally, thanks to its four HDMI inputs, the system lets users route multiple high-definition devices, including set-top boxes, game consoles and Blu-ray players, directly to their TV. Users can also connect all of their devices to the display with a single HDMI cable effectively reducing cable clutter.
Finally, thanks to its ability to pass through 3D signals from a Blu-ray player, users can enjoy true “future-readiness,” with the assurance that they will be able to enjoy the maximum benefits of today’s emerging 3D video technologies.
For more information on Denon, visit http://usa.denon.com. Become a fan of Denon on Facebook at http://www.facebook.com/denonusa or follow Denon on Twitter at http://twitter.com/denonus.

# # #
About Denon Electronics
Denon celebrates its 100th Year Anniversary in 2011, carrying on its tradition of excellence with a renewed commitment to the highest quality home theater, audio and software products. Denon is recognized internationally for innovative and groundbreaking products and has a long history of technical innovations, including the development and groundbreaking commercialization of PCM digital audio. Denon Electronics is owned by D&M Holdings Inc.

About D&M Holdings Inc.
D&M Holdings Inc. is a global operating company providing worldwide management and distribution platforms for premium consumer, automotive, commercial and professional audio and video businesses including Denon®, Marantz®, McIntosh® Laboratory, Boston Acoustics®, Snell Acoustics, Escient, Calrec Audio, Denon DJ, Allen & Heath, D&M Professional and D&M Premium Sound Solutions. Our technologies improve the quality of any audio and visual experience. All product and brand names with a trademark symbol are trademarks or registered trademarks of D&M Holdings, Inc. or its subsidiaries. For more information visit www.dm-holdings.com.

DISCLAIMER
Statements in this news release that are not statements of historical fact include forward looking statements regarding future events or the future financial performance of the company. We wish to caution you that such statements are just predictions and that actual events or results may differ materially. Forward looking statements involve a number of risks and uncertainties surrounding competitive and industry conditions, market acceptance for the company’s products, risks of litigation, technological changes, developing industry standards and other factors related to the company’s businesses. The Company reserves all of its rights.

DENON® RELAUNCHES ITS CORE A/V RECEIVER LINE WITH EXPANDED CONTENT SERVICES, TOTAL CONNECTIVITY AND EASE-OF-USE

— 2012 Line Opens Up New Ways to Maximize Enjoyment of Audio and Video Content from Virtually All Today’s Sources; Introduces Sleek New Chassis Designs & Front-Panel Inputs —

Mahwah, NJ, April 25, 2012 — Denon Electronics, a premier manufacturer of high-quality audio and home entertainment products, is unveiling its powerful new core line of audio/video receivers for 2012. Available now, the new line includes the 7.1-channel Model AVR-1913 (SRP: $579.99) as well as the 5.1-channel Models AVR-1713 (SRP: $449.99), AVR-1613 (SRP: $399.99) and AVR-1513 (SRP: $249.99). All new receivers are designed to provide today’s discerning consumers with accessibly priced options for maximizing enjoyment of audio and video content from all potential sources.

Yoshinori Yamada, Product Manager for Denon core products, noted: “With the launch of our new core AV receiver line for 2012, we are giving more people total simplicity of setup and operation, access to online music content as well as outstanding audio and video capabilties.”

What Do Today’s Consumers Want? Content, Content, Content!
Denon created its new AVR line from the ground up to meet the needs of today’s
content-hungry digital consumer. Each receiver offers simple and intuitive ways to incorporate more personal audio/video content from smartphones, digital cameras, and popular Internet sources. In addition to their easily accessible front-panel HDMI input, the AVR-1913, AVR-1713 and AVR-1613 feature a front-panel USB input, allowing users to enjoy digital music from connected devices. All models except the AVR-1513 support AirPlay streaming technology and are DLNA 1.5 certified.
Airplay in Three New Models
Adding even more flexibility and content management, the AVR-1913, AVR-1713 and AVR-1613 feature the popular AirPlay music streaming feature. AirPlay allows users to customize soundtracks for their home by unleashing their iTunes music libraries from a Mac, PC or their mobile Apple devices. All three receivers also feature iPod/iPhone Direct Connectivity via USB (which also works with iPad) for quick and simple integration of Apple devices into the home audio system.

Meeting the Need for Ultimate-Quality Audio and Video
As with all Denon receivers, the 2012 core line offers users the opportunity to enjoy the highest quality audio and video performance. All new receivers feature an efficient and straightforward short signal path circuit design that ensures optimal audio and video playback by minimizing any signal degradation due to interference.

Discerning consumers will also appreciate the fact that all the new receivers above the AVR-1513 feature a full package of Audyssey audio technologies for optimal sound quality. Audyssey Dynamic Volume offers real-time volume adjustment; while Audyssey DynamicEQ improves a system’s surround sound effects at low volume levels. Audyssey MultEQ (in the AVR-1613 and AVR-1913 (MultEQXT in the AVR-1713)) automatically sets speakers (including the subwoofer) to suit the room’s listening environment and the speaker’s characteristics.
New Onscreen Setup Assistant Ensures Phenomenal Out-of-the-Box Performance
Notably, for total simplicity of first-time setup, three of Denon’s new receivers, (AVR-1913, AVR-1713, AVR-1613) feature the company’s acclaimed onscreen Setup Assistant, a straightforward instructional feature that includes language selection, a speaker connection guide, speaker calibration, source setup and simple network configuration.

Summary of Key Step-Up Features in Each Model

Each new Denon receiver is designed with the features and capabilities consumers need to create their ideal home entertainment system, providing the best value possible for every customer and lifestyle. Here is a quick summary of the key step-up features included in each:

7.1-Channel AVR-1913

90W x 7, 6 HDMI Inputs, Analog to HDMI Conversion, 1080P Upscaling, Powered Zone 2

5.1-Channel AVR-1713
80W x 5, 6 HDMI Inputs, Audyssey MultEQ XT, Zone 2 Preout

5.1-Channel AVR-1613

75W x 5, 5 HDMI Inputs, Audyssey MultEQ, Setup Assistant, Network Ready, AirPlay, SiriusXM, vTuner Internet Radio, Pandora, DLNA 1.5, Made for iPod USB Input

5.1-Channel AVR-1513

75W x 5, 4 HDMI Inputs (1 Front), 3D Passthrough, GUI with Overlay, Discrete Amplification,

For more information on Denon, visit http://usa.denon.com. Become a fan of Denon on Facebook at http://www.facebook.com/denonusa or follow Denon on Twitter at http://twitter.com/denonus.

**AirPlay requires iTunes 10.1 or later and iPhone, iPad, or iPod touch with iOS 4.2 or later. A home Wi-Fi network is required.
**These services require a separate subscription and fee. A home network is required for networking functionality.

# # #
About Denon Electronics
Denon celebrates its 100th Year Anniversary in 2011, carrying on its tradition of excellence with a renewed commitment to the highest quality home theater, audio and software products. Denon is recognized internationally for innovative and groundbreaking products and has a long history of technical innovations, including the development and groundbreaking commercialization of PCM digital audio. Denon Electronics is owned by D&M Holdings Inc.

About D&M Holdings Inc.
D&M Holdings Inc. is a global operating company providing worldwide management and distribution platforms for premium consumer, automotive, commercial and professional audio and video businesses including Denon®, Marantz®, McIntosh® Laboratory, Boston Acoustics®, Snell Acoustics, Escient, Calrec Audio, Denon DJ, Allen & Heath, D&M Professional and D&M Premium Sound Solutions. Our technologies improve the quality of any audio and visual experience. All product and brand names with a trademark symbol are trademarks or registered trademarks of D&M Holdings, Inc. or its subsidiaries. For more information visit www.dm-holdings.com.

DISCLAIMER
Statements in this news release that are not statements of historical fact include forward looking statements regarding future events or the future financial performance of the company. We wish to caution you that such statements are just predictions and that actual events or results may differ materially. Forward looking statements involve a number of risks and uncertainties surrounding competitive and industry conditions, market acceptance for the company’s products, risks of litigation, technological changes, developing industry standards and other factors related to the company’s businesses. The Company reserves all of its rights.