-- Company Continues Its 50th Anniversary Celebration with Significant New Product Introductions Including First Receiver with Dolby Pro Logic IIx --

ITASCA, IL, September 5, 2003 -In 2003, Marantz America is celebrating its 50th anniversary as a manufacturer of high -performance specialist audio and video components. From its beginnings as one of the founding companies of high -fidelity audio in 1953, Marantz has continued to offer products that embody the very best in performance, and at CEDIA 2003, Marantz builds upon its 50 -year heritage of excellence with a number of significant new product introductions.

Kevin Zarow, Marantz Director of Marketing noted: "For 50 years, the Marantz name has been synonymous with exceptional quality and performance, beginning with the legendary tube audio separates offered by our founder Saul Marantz in the fifties and sixties -and our latest products continue the Marantz heritage of excellence. Today's sophisticated custom installations and high -end home theater systems require audio and video components that deliver the very best in performance and flexibility, yet are easy to use and enjoy -and Marantz is meeting the demand with the industry's most comprehensive high -performance home entertainment lineup, including more than a dozen products that are being introduced at CEDIA 2003."

Following is an overview of Marantz products making their CEDIA debut at the Indianapolis Convention Center, Booth 230:

VP -10S1: A New Standard in High -Definition Video Projector Performance

In a move that heralds a major breakthrough in video display technology, Marantz now offers its VP -10S1 High -Definition Projector with DLP™ technology -a three -chip DLP projector that achieves a remarkable new level of home theater image quality. Designed for unsurpassed performance in every respect, the VP -10S1 is the ultimate video display device for the finest high -end custom installation home theater systems.

The Marantz VP -10S1 is designed to deliver video quality that is nothing less than astonishing. It incorporates three Texas Instruments 16 x 9 high -definition HD2+ DMD chips, in conjunction with three 1280 x 720 pixel panels and state -of -the -art DMD technology including 12 -bit processing for the DMD driver circuit, to deliver unprecedented picture quality in every respect, with standard -setting sharpness, resolution and clarity. The use of three chips -one for red, green and blue -also eliminates the need for a color wheel, yielding exceptionally natural and lifelike colors. The Marantz VP -10S1 is compatible with virtually any video source and includes a host of features that offer exceptional custom installation flexibility, operating in conjunction with an expanded menu system that enables easy setup, yet provides extensive calibration facilities. (Suggested retail pricing to be announced.)

SR7400, SR6400, SR5400 and SR4400 Home Theater Receivers: Breaking New Ground

Marantz's new SR7400, SR6400, SR5400 and SR4400 home theater receivers all offer improved features, performance and value compared to the previous models. The 7.1 -channel SR7400 is one of the industry's first A/V receivers to include Dolby Pro Logic IIx surround processing, which provides a natural, expansive, full -range 7.1 -channel listening experience from stereo and 5.1 -channel -encoded sources, thanks to proprietary processing algorithms that deliver a highly realistic, seamless 7.1 -channel sonic environment. All four receivers incorporate a host of additional advanced technologies and features; for example, the SR7400 now provides component video upconversion for all video sources, and all models except the SR 4400 are the first receivers to include new TruSurround Headphone virtual surround sound technology.

All the new Marantz receivers are engineered for superlative sound quality, featuring
24 -bit/192kHz D/A converters on all channels and newly developed discrete, high -current amplifier designs that enable the receivers to deliver a minimum of 70 percent of their two -channel power rating when operating into five channels simultaneously -a far more robust "real world" specification than competitive receivers can deliver.

All provide a wide array of digital and analog audio and video inputs, outputs and switching facilities, including direct inputs to accommodate universal, DVD -Audio and SACD players, along with numerous additional performance and convenience features.

Suggested retail pricing for the new receivers is as follows: SR7400, $999; SR6400, $749; SR5400, $599; SR4400, $449.

VP -12S3: Extraordinary Home Theater Projector Excellence

Marantz's VP -12S3 High -Definition Projector featuring DLP™ technology improves on the performance of its predecessor, the VP -12S2 with a host of upgraded features and technologies, delivering a remarkable level of high -definition image quality for custom home theater installations. The VP -12S3 (SRP: $12,999) features a Texas Instruments HD2+ DMD™ chip in conjunction with a newly developed 1280 x 720 pixel panel and leading edge DLP™ technology, to deliver higher brightness, contrast, resolution and color accuracy. Image quality is further enhanced by refinements such as an improved color wheel, and a 200 -watt DC lamp designed to eliminate flicker and maintain a more uniform brightness throughout the life of the bulb.

The VP -12S3 provides an expanded range of installer and user adjustments, and offers a full complement of video connections, along with RC -5 remote in/out connections, an RS -232C control port and two DC trigger connections, for integrated operation in custom installations.

DV6400, VC5400 and VC4400 DVD Players: Unmatched Playback Versatility

In a move that makes true high -end universal DVD player performance more affordable than ever before, Marantz now offers its DV6400 DVD -Audio/Video/SACD Player, delivering exceptional progressive scan video and multichannel audio quality along with all -format disc compatibility at a suggested retail price of $599.

The Marantz DV6400 is an exceptional all -in -one home entertainment source component, with the ability to play back both DVD -Audio and Super Audio Compact Discs (SACD), along with progressive scan DVD -Video playback and much more. The DV6400 is engineered for superlative audio and video performance, and like all Marantz DVD players, includes a wealth of convenience features and viewing options, including a discrete power on/off feature for ready integration in custom installation applications.

In addition, CEDIA 2003 marks the debut of Marantz's VC5400 5 -Disc DVD -Audio/Video Changer (SRP: $549) and VC4400 5 -Disc DVD -Video Player (SRP: $429), two high -performance progressive scan models that offer a wealth of versatile features for enhanced home theater enjoyment.

RC5400 and RC1400 Remotes: Total Home Entertainment System Control

Marantz's new touch -screen RC5400 and the sleek, value -priced RC1400 programmable learning remote controls provide easy, complete control of every component in a home entertainment system, and offer customizable programming along with a host of sophisticated control capabilities. The Marantz RC5400 (SRP: $649) is the successor to the popular and critically acclaimed RC5200, and includes significant upgrades such as a more legible display and greatly expanded memory capacity.

The RC1400 (SRP: $169) is a brand -new, sleek, ergonomic remote that makes advanced Marantz remote control technology more affordable than ever. Like the RC5400, it provides complete control of every type of audio/video equipment -TVs, DVD players, A/V receivers, cable and satellite boxes, and almost every type of component that responds to IR control.

PD5040D 50 -Inch Plasma Monitor: All -New With Even Better Image Quality

Marantz's PD5040D 50 -Inch Widescreen Plasma Monitor is an all -new high -resolution video display device that is designed from the ground up to offer ultimate plasma monitor image quality, along with exceptional custom installation versatility including RS -232C control. Offering higher brightness and contrast along with sharper image quality, the PD5040D raises the bar in 50 -inch plasma performance and value, with a lower suggested retail price ($13,999) than the company's previous model.

The PD5040D incorporates a completely new 1365 x 768 high -definition plasma display panel plus a host of advanced image enhancement technologies to offer an exceptional new level of image clarity and sharpness, and is designed for total custom installation home theater versatility, with an expanded range of user adjustments to optimize image quality. The PD5040D includes a DVI input with HDCP (High -Bandwidth Digital Content Protection), along with connections that enable it to display the output from virtually any video source.

SC7 -S1 Stereo Preamplifier and MA -9S1 Monoblock Amplifier: The Sonic Ultimate

Celebrating Marantz's 50 years of excellence in high -fidelity audio, Marantz now offers its SC -7S1 Stereo Preamplifier and MA -9S1 Monoblock Power Amplifier, two ultimate -performance audiophile components engineered entirely without compromise to deliver extraordinary sound quality. Continuing the heritage of excellence established by the legendary Marantz Model 7 preamplifier and Model 9 amplifier, The SC -7S1 (SRP: $7,000) and MA -9S1 (SRP: $7,000) combine state -of -the -art technologies with striking appearance, to set remarkable new standards in sonic performance and audio component design.

The Marantz SC -7S1 and MA -9S1 incorporate the company's most advanced engineering and are luxuriously built to the highest standards. Both are as stunning in appearance as they are in performance, with understated, elegant styling that pays tribute to the look of historic Marantz components.

OPUS Multi -Room System: Now Offering Video Switching and Expanded Capabilities

OPUS Technologies has significantly expanded the capabilities of its multi -room distributed audio system with two newly available components: the VSU500 Video Switching Unit and SCU500 Serial Control Unit.

The VSU500 Video Switching Unit provides multi -room video delivery, routing up to five composite video sources to up to four zones simultaneously. The SCU500 Serial Control Unit enables the Opus system to interface with third party touch panel controllers by Crestron and AMX, in addition to PC interfacing for virtual keypad applications.

The OPUS system, on exhibit at the Marantz booth, has earned acclaim from dealers, custom installation specialists and consumers for its uncompromising performance, ease of use and exceptional installation flexibility. The system combines the sonic advantages of high -end audio components with the user benefits that whole -house multi -room installations provide -in an elegant system that integrates seamlessly into the home environment.

50 Years of Legendary Marantz Components

Along with its 2003 product lineup, the Marantz CEDIA 2003 exhibit includes a 50th anniversary retrospective showcase of classic Marantz components, such as the Model 7 preamplifier; Model 9 amplifiers; the ST -7 tuner, the CD -12 two -chassis high -end CD player; the Model 4400 receiver; the TT1000MkII turntable and other legendary products.

Celebrating its 50th anniversary in 2003, Marantz America is committed to upholding the tradition of technological superiority initiated by founder Saul Marantz. In keeping with this emphasis on quality, Marantz audio and video components are carried only by the nation's premier independent audio/video specialty retailers. Additional information is available at

About D&M Holdings Inc.

D&M Holdings Inc. (TSE II: 6735) is based in Tokyo and is the parent company of wholly owned subsidiaries Denon Ltd., Marantz Japan, Inc. and McIntosh Laboratory, Inc. Denon, Marantz and McIntosh are global industry leaders in the specialist home theater, audio/video consumer electronics and professional audio markets, with a strong and long -standing heritage of manufacturing and marketing high -performance audio and video components. A wholly owned subsidiary of D&M Holdings U.S., Inc., Digital Networks North America, Inc. (DNNA), owns the ReplayTV®, Rio® and Escient® brands -all representing award -winning technologies in digital home entertainment. Additional information is available at



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, technological changes, developing industry standards and other factors related to the company's businesses.

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