MARANTZ BUILDS UPON ITS LEGENDARY AUDIO HERITAGE WITH INTRODUCTION OF HIGH -END AUDIO SEPARATES

-- Ultimate-Performance SC-7S1 Preamplifier and MA-9S1 Amplifier Combine Stunning Design With Extraordinary Audio Quality --

ITASCA, IL, September 5, 2003 - 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 and MA -9S1 combine advanced technologies with striking appearance, to set remarkable new standards in sonic performance and audio component design.


Kevin Zarow, Marantz Director of Marketing pointed out: "For 50 years, 'Marantz' and 'high -fidelity' have been synonymous. Our company was founded on the philosophy of providing audio products that offered the absolute best in sound quality -and with the introduction of the SC -7S1 and MA -9S1, we are building upon that legacy with two exceptional components that are sure to thrill music lovers and audiophiles with their astonishing musical realism."

Engineered and Built to the Highest Standards

The Marantz SC -7S1 and MA -S1 incorporate the company's most advanced engineering and are luxuriously built to the highest standards, utilizing premium audiophile -grade components throughout including Marantz's latest, exclusive HDAM (High -Definition Amplifier Modules) for exceptional dynamic range, resolution, clarity and transient response.

The SC -7S1 and MA -9S1 utilize massive power supplies, heavy -gauge internal wiring, extra -thick circuit boards with large circuit traces, extensive internal shielding and numerous additional refinements -all designed to assure the very highest level of sonic excellence and unshakeable reliability.

Both the SC -7S1 and MA -7S1 are as stunning in appearance as they are in performance. Both of their chassis are machined from aluminum alloy, elegantly finished in a rich, two -tone metallic gold that pays tribute to the look of historic Marantz components. Both models feature crisp, understated styling that combines ultra -modern and classic elements, such as curved, sculptured left and right front panels, a minimalist yet functional control layout, and large, round blue -illuminated meters to create a look that is both futuristic and timeless.

Marantz SC -7S1 Stereo Preamplifier

The Marantz SC -7S1 Stereo Preamplifier is designed to bring out the best in today's high -resolution digital audio sources such as SACD and DVD -Audio, with unparalleled fidelity, resolution and musical realism. Like the MA -9S1, the SC -7S1 features balanced circuitry throughout including eight HDAM modules for maximum signal purity and lowest noise, and the preamp utilizes ultrawide bandwidth circuitry to achieve a frequency response from 3 Hz - 150 kHz, with a remarkable greater -than -100dB channel separation, for a natural tonal balance and superlative image specificity upon a vast, wide and deep soundstage. The SC -7S1 can be operated by its supplied remote control.

For the ultimate in sonic performance, two SC -7S1s can be used together in mono mode, to create a completely separate stereo audio signal path from the source to a pair of MA -9S1 amplifiers to the loudspeakers. Up to six SC -7S1 preamplifiers and 12 MA -9S1 amplifiers can be combined for a multichannel system of awe -inspiring power and impact.

The Marantz SC -7S1 Stereo Preamplifier carries a suggested retail price of $7,500 and will be available in October 2003.

Marantz MA -9S1 Monoblock Power Amplifier

The Marantz MA -9S1 combines unsurpassed sonic purity, resolution and refinement with massive, high -current power output to drive even the most demanding exotic audiophile loudspeakers with ease. The MA -9S1 delivers 300 watts into 8 ohms, 600 watts into 4 ohms and a prodigious 1,200 watts into 2 ohms. To achieve such superlative performance, the MA -9S1 utilizes a massive power supply with a large Super Ring Core toroidal power transformer, heavy -gauge internal wiring, six HDAM modules, top -quality internal components and many additional enhancements, to deliver an astonishing ultra -high instantaneous current capacity of greater than 150 amps.

The Marantz MA -9S1 Monoblock Power Amplifier carries a suggested retail price of $7,500 and will be available in October 2003.

The combination of the SC -7S1 preamplifier and MA -9S1 power amplifiers is capable of truly remarkable fidelity and musical realism, with sound quality that is powerful and dynamic, yet refined and extraordinarily detailed. The components' unmatched sonic purity and ability to flawlessly reproduce all the authority and nuance of the original recording makes them the ideal foundation for a superlative high -end audio system.

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. More information is available at www.marantz.com.

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

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