Sonic Solutions to Announce Preliminary Fiscal 2007 Third Quarter Results
Novato, California (February 1, 2007) - Sonic Solutions® (NASDAQ: SNIC), the leader in digital media software, announced today that it will report selected preliminary third quarter financial results for the period ended December 31, 2006, on Thursday, February 15, 2007. The preliminary financial results will be released after the close of market on Thursday, February 15, 2007, via press release. A conference call to discuss the results will begin at 1:30 p.m. PST (4:30 p.m. EST) the same day. Both the live webcast and the replay may be accessed on the investor section of the Company website at www.sonic.com. A replay of the webcast will be available on the investor section of the Sonic website beginning at 4:30 pm PST (7:30pm EST). An audio replay will also be available through 9:00 pm PST (11:59 pm EST), Thursday, February 22, and can be accessed by dialing 719/457-0820 or 888/203-1112, and entering passcode 9663492.
About Sonic Solutions
Sonic Solutions (NASDAQ: SNIC; http://www.sonic.com) is the leader in digital media software, providing a broad range of interoperable, platform-independent software tools and applications for creative professionals, business and home users, and technology partners. Sonic's products range from advanced DVD authoring systems and interactive content delivery technologies used to produce the majority of Hollywood DVD film releases, to the award-winning Roxio®-branded CD and DVD creation, playback and backup solutions that have become the premier choice for consumers, prosumers and business users worldwide.
Sonic products are globally available from major retailers, online at Sonic.com and Roxio.com, and are bundled with PCs, after-market drives and consumer electronic devices. Sonic's digital media creation engine is the de facto standard and has been licensed by major software and hardware manufacturers, including Adobe, Microsoft, Scientific-Atlanta, Sony, and many others. Sonic Solutions is headquartered in Marin County, California.
Sonic, the Sonic logo, Sonic Solutions, InterActual, DVD On Demand, and Roxio are trademarks or registered trademarks of Sonic Solutions or its subsidiaries in the United States and/or other countries. All other company or product names are trademarks of their respective owners.
Forward-Looking Statements
This press release contains forward-looking statements that are based upon current expectations. Such forward-looking statements include views regarding the status and preliminary conclusions of the Company's review of its historical and current stock option grant practices and related accounting, the expected impact and consequences of this review, including the expected restatement of the Company's historical financial statements, and the time for completing the process. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Important factors that could cause such differences include, but are not limited to, the timing, final results and final conclusions of the audit committee's review concerning matters related to the Company's stock option grants, including but not limited to, the accuracy of the stated dates of option grants and whether all proper procedures were followed; the impact of any restatement of financial statements, including but not limited to the determination, as a result of the re-auditing of certain prior period financials statements, of additional restatement items beyond the restatement of non-cash stock-based compensation items, the impact of which may be material, or the effects of other actions that may be taken or required as a result of such review; tax issues or liabilities that relate to adjustments to the measurement dates associated with Company stock options; effects relating to the Company's inability to timely file reports with the Securities and Exchange Commission; changes to the anticipated scope of the issues beyond the timing and accuracy of measurement dates for option awards to issues that the Company does not currently realize exist; risks of litigation or governmental investigations or proceedings arising out of or related to the Company's stock option grant practices or any restatement of its financial statements; and effects on the Company's ability to meet NASDAQ listing requirements. This press release should be read in conjunction with Sonic's most recent annual report on Form 10-K and Form 10-K/A and Sonic's other reports on file with the Securities and Exchange Commission, which contain a more detailed discussion of risks and uncertainties that may affect future results. The Company does not undertake to update any forward-looking statements.