For Immediate Release:

Lightspeed Audio Labs Launches Business Operations in New Jersey with Opening of Tinton Falls Office

Tinton Falls, NJ (November 13, 2006) – Lightspeed Audio Labs Inc., a developer of real-time, Web-based music collaboration technology, today announced the opening of its new corporate office in Tinton Falls, NJ. The announcement comes a few months after the company received the first round of funding from SAS Investors to facilitate its real-time, Web-based music collaboration and creation technology platform.

Lightspeed Audio Labs' media collaboration technology platform allows musical enthusiasts to create digital-quality audio over the Internet in real time. Leveraging its low-latency value-added network and audio CODEC technology, amateur and professional musicians can meet, collaborate and create music online, and can leverage the platform to share it with others ñ recorded or live.

The company's new office, which will also serve as its primary headquarters, is centrally located in the heart of Monmouth County's thriving technology corridor which includes Tinton Falls, Eatontown and Red Bank. It is centrally located in an area home to many Internet and telecommunications companies, offering vast base technical and technology professionals.

"Lightspeed Audio Labs is built on the idea of creative collaboration where music, the Internet and social networking converge to allow musicians and enthusiasts to create audio content online in real time," explained Mark Malek, co-founder of Lightspeed Audio Labs. "Whether you're a trained musician seeking new music, a band in need of a virtual studio to jam, or a music fan in search of something live and unique, Lightspeed Audio Labs is the place
for you."

Unlike sites that allow users to "post and listen" to audio content, Lightspeed Audio Labs' innovative technology platform enables real-time music collaboration and creation, linking musically oriented communities of interest.

About Lightspeed Audio Labs Inc.

Based in Tinton Falls, NJ, Lightspeed Audio Labs represents the new wave of Web 2.0 technology that combines community, content, collaboration and commerce, offering unique value to artists, fans and sponsors. Its patented technology platform provides a virtual studio and venue for musicians, jammers and fans alike to participate in the music-making process, where unique musical content is shared with others in real time. With Lightspeed Audio Labs, it's live, in real time, all the time! For more information, visit www.lightspeedaudiolabs.com.