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DENON® TRENDSETTING N7 Network MUSIC SYSTEM NOW AVAILABLE IN SLEEK BLACK, ALSO FEATURING FREE AIRPLAY UPGRADE

– Stylish and Compact N7 System Now Ideal Match for Any Interior Décor; Meets the Content and Networking Demands of Today’s Digital Music Generation —

Mahwah, NJ, August 11, 2011 — Denon Electronics, a premier manufacturer of high-quality home entertainment components celebrating 100 years of innovation and technology leadership, is proud to announce that it acclaimed N7 Networked CD Receiver and 2.0 Channel Speaker System, consisting of the new RCD-N7 CD Receiver (SRP: $599) and SC-N7 Stereo Loudspeakers (SRP: $199/pair), is now available with a sleek black cosmetic, as well as the original white “mod style,” providing consumers with the ideal solution for matching and integrating the N7 into virtually any interior décor. In addition to the availability of the new black version, all new N7 systems now come with a free AirPlay® upgrade (regular price $49.99). With AirPlay, N7 owners can stream from their iTunes music libraries on Mac or PC, as well as music stored on their iPad, iPhone or iPod touch, though their Wi-Fi enabled networks. *

“Free Your Music and Free Your Mind”

The compact N7 system gives listeners in today’s networked digital age an opportunity to “free their music and free their minds” while enjoying great-sounding audio entertainment throughout the home. Designed to meet the needs of today’s modern iPhone and iPod music user, the N7 system expands the digital music experience exponentially, letting users enjoy all their favorite music, from multiple content sources, including iPod and iPhone, in high-quality 2-channel audio. The RCD-N7 receiver and high-performance SC-N7 speakers are designed to integrate smoothly in a full-functioning music system. With its iPhone/iPod dock, stereo loudspeakers and trendsetting profile, the N7 system is ideal for bringing powerful, great sounding music to any room in the house.

Unleash Your iTunes Library and “Give Your Home a Soundtrack!”

With the free AirPlay upgrade, users can literally “give their home a soundtrack” by unleashing their iTunes music libraries whether from Mac or PC and streaming all their favorite iTunes songs, as well as music stored on their iPad, iPhone or iPod touch, to select components through their Wi-Fi enabled networks. Users do not even need to be in the same room as their components to play, pause, skip, and stop the songs in their iTunes libraries. They may even view iTunes music information, including album art, track titles, and artist info on iPad, iPhone and iPod touch or with their Denon components with video output.

Additionally, by combining Denon’s RCD-N7 CD Receiver and SC-N7 Stereo Loudspeakers, the N7 system offers users a straightforward, simple and efficient way to create a networked system throughout the home. For instance, Denon’s special “Party Mode Plus” multi-zone network streaming management system for use with new Denon A/V receivers lets users control and play music simultaneously on up to five Denon devices on their network.  In addition to full iPod/iPhone connectivity, the RCD-N7 allows users to listen to today’s popular online music services such as Rhapsody, Napster and Pandora, as well as stream music wirelessly from their PC. The RCD-N7 also provides users with the capability to playback CD, enjoy AM/FM radio and more. Most importantly, the receiver features full digital processing, which provides a pure signal transfer and optimum audio performance from all sources.

Features That Make Sense for NOW, With Up-to-Date Networking and More

By utilizing the Denon Remote App**, N7 system users can access and control music via their iPod or iPhone. Wi-Fi Protected Setup (WPS) allows for easy and secure establishment of a wireless home network, and a 3-line OLED display makes it easy to see exactly where the music is coming from. The unit’s Plug ‘n Play capability means that when an iPhone or iPod are plugged in, it begins to play automatically. The simple and intuitive remote control has a “Direct” button for instant access to the music source.

Custom installers will appreciate the inclusion of Denon’s acclaimed

Multi-Zone Management feature that allows them to quickly and easily perform a status check of all networked Denon products.

The new RCD-N7 CD Receiver has a suggested retail price of $599 and SC-N7 Stereo loudspeakers a suggested retail price of $199/pair.

For more information, visit http://usa.denon.com. For Denon 100th Anniversary and other news, visit http://www.denon100.com and http://usblog.denon.com.  Like 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 3GS, iPhone 4, iPod touch (2nd, 3rd or 4th generation), iPad and iPad 2 with iOS 4.2 or later. Wi-Fi network is required.

** The Denon Remote App is available for free from the App Store on iPad, iPhone and iPod touch or at www.itunes.com/appstore/.

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, Escientâ, 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.

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DISCLAIMER

Statements in this news release that are not statements of historical fact may 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, ability to meet targeted launch dates, technological changes, developing industry standards and other factors related to the company’s businesses. The Company reserves all of its rights.

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