Roxio Appoints Tax and Accounting Executive to its Board of Directors and Audit Committee
Santa Clara, California - (January 8, 2004) - Roxio®, a division of Sonic Solutions® (NASDAQ: SNIC), the leader in digital media software, announced today the addition of Philip Holthouse to its board of directors and its audit committee. Mr. Holthouse co-founded and is a partner at Holthouse Carlin & Van Trigt LLP, an accounting firm providing tax, auditing, accounting, and consulting services for closely held businesses and related individuals.
"Roxio warmly welcomes Phil to the board of directors. His technical skills, experience in accounting and tax and background in law and business will be a great asset to Roxio as the company continues its record of fiscal integrity as a respected publicly-traded institution," said Chris Gorog, Chairman and CEO of Roxio.
Mr. Holthouse co-founded Holthouse Carlin & Van Trigt LLP in 1991. Prior to that, Mr. Holthouse began his career with Peat Marwick & Mitchell (KPMG) in Los Angeles and worked as a tax manager in Peat Marwick's national tax practice in Washington, D.C., where he monitored tax changes for the firm's affiliate offices. Mr. Holthouse frequently authors articles on taxation, and has been featured on NBC Nightly News and Financial News Network as a tax specialist.
In commenting on his appointment to the Roxio board Mr. Holthouse said, "I'm very pleased to be joining the board of Roxio as it continues to grow Napster and expand in the digital media software space."
Mr. Holthouse holds a master's degree in business taxation and a bachelor's degree in business administration, both from the University of Southern California, and a law degree from Loyola Law School in Los Angeles (Order of the Coif). He serves as a part-time faculty member for USC's Graduate Taxation Program, and is chairman of the Board of Advisors for the Leventhal School of Accounting at USC.
Roxio, a division of Sonic Solutions, develops and markets the best-selling digital media software in the world. Roxio offers
award-winning software products for CD/DVD burning, photo editing and video editing and has an installed base of over 150 million users. Roxio distributes its products globally through strategic partnerships with major hardware manufacturers, through leading retailers, through Internet partnerships and through direct sales at www.roxio.com. Roxio's parent company, Sonic Solutions (NASDAQ: SNIC; http://www.sonic.com) is the leader in digital media software and provides a broad range of software tools and applications for creative professionals, business and home users and technology partners. Sonic's products range from professional DVD authoring systems and interactive content delivery technologies that are used to produce the majority of Hollywood movies released on DVD, to the award-winning Roxio- and Sonic-branded CD and DVD creation, playback and backup applications that have become the premiere solutions for consumers and business users worldwide. Sonic's AuthorScript® is the de facto standard for CD and DVD burning and formatting and has been licensed by major software and hardware manufacturers, including Adobe, Broadcom, Microsoft, Scientific-Atlanta, Sony, and many others. Sonic Solutions is headquartered in Marin County, California.
Safe Harbor Statement:
Except for historical information, the matters discussed in this press release, in particular matters related to consumer demand for Roxio's software products are forward-looking statements that are subject to certain risks and uncertainties such as failure to attract new customers, intense competition, general economic conditions and undetected errors in the software that could cause actual results to differ materially from those projected. Additional information on these and other factors are contained in Roxio's reports filed with the Securities and Exchange Commission (SEC), including the Company's Quarterly Report on Form 10-Q as filed with the SEC on November 14, 2003, copies of which are available at the website maintained by the SEC at www.sec.gov. Roxio assumes no obligation to update the forward-looking statements included in this press release.
Sonic, the Sonic logo, Sonic Solutions, Roxio, MyDVD, CineMagic, Plug & Burn, LiveShare, Roxio Easy Media Creator, and AuthorScript are trademarks or registered trademarks of Sonic Solutions or its subsidiaries in the United States and/or other countries. Dolby is a trademark of Dolby Laboratories. All other company or product names are trademarks of their respective owners and, in some cases, are used by Sonic Solutions under license. Specifications, pricing and delivery schedules are subject to change without notice.