DENON AVR -2807 A/V RECEIVER WINS CNET BEST OF CES AWARD AT 2006 INTERNATIONAL CONSUMER ELECTRONICS S

'Best of CES' Awards handed out with Denon placing high.

Pine Brook, NJ, January 12, 2006 - - Denon Electronics, one of the world's premier manufacturers of high -quality home entertainment components, today announced that its AVR -2807 audio/video receiver has received the prestigious CNET 'Best of CES' Award in the Home Audio category.


The Best of CES Awards were produced and judged by CNET, which announced the winners Saturday, January 7, at the 2006 International Consumer Electronics Show (CES) in Las Vegas. Four other innovative Denon products were honored at CES 2006 with major awards, including the S -101 Home Entertainment System ('Technology Is A Girl's Best Friend' 2006 CES Showcase Honoree); the DVD -5910CI DVD Player (Digital Entertainment Group �Best Source Product� Award); the AVR -5805 A/V Receiver (Sound & Vision Magazine Editor's Choice Award, 'Best Audio Product', Digital Entertainment Group 'Best Sound Product' Award); and the AVR -4306 (CES 2006 Innovations Awards Honoree).

Selected by CNET's unbiased, expert editors, winners were recognized as the hottest products in their respective technology categories for their unmatched innovation and creativity, and their ability to excite consumers and make their way into everyday life. CNET's editors received and reviewed hundreds of entries, and combed the CES show floor for products to consider for the prestigious award. The 12 categories included car tech; cell phones, smart phones, and PDAs; computers; digital photo and video; gaming; home audio; home video; MP3 and portable video; monitors, printers, burners, and storage; networking; TVs; and emerging technologies. Videos of the winners and finalists showcasing their technologies can be found at http://ces.cnet.com.

Denon AVR -2807: Mid -Level Price, With High -End Features and Performance:
With a suggested retail price of just $1,099, Denon's AVR -2807 receiver includes many of the same features that distinguish Denon's higher -priced units, such as HDMI digital video source switching. In addition, for maximum performance from all video sources, the AVR -2807 upconverts all incoming analog video signals (composite, component and S -Video) to HDMI output and provides a simple one -cable connection between receiver and display. Other features in the AVR -2807 include the unique room correction and calibration technology called MultEQxt from Audyssey Laboratories that maximizes room acoustics for multiple listeners, creating an optimized 6 -point soundfield and compensating for speaker and room capabilities to provide a 'sweet spot' for every listener in the room.

'By winning a CNET Best of CES Award, the Denon AVR -2807 receiver sets a standard within their sector for others to follow, said Brian Cooley, editor at large at CNET.com. Each year at CES, CNET scours the show floor to bring extensive coverage to our passionate community of consumers, who look to our editors for the best new products at the show, and the Denon AVR -2807 is without doubt one of the hottest products at CES 2006.'

Denon S -101: CES 'Technology Is A Girl's Best Friend' 2006 Showcase Honoree:
Each year at CES, the Consumer Electronics Association (CEA) honors selected products that it determines have special appeal to female consumers with the coveted CEA 'Technology Is A Girl's Best Friend' awards. This year, the CEA selected Denon's elegantly styled S -101 Home Entertainment System (SRP: $999) for this honor. The elegant and compact S -101 joins the company's S -301 system as the first 2.1 home entertainment systems to provide simple, convenient connectivity and control of today's portable digital music devices, including the popular Apple iPod series of portable players. Designed as a complete 'out -of -the -box' home theater surround sound solutions, the S -101 features an integrated DVD/receiver unit with a stylish remote, dual satellite speakers and high -performance subwoofers.

Denon AVR -5805: 'Best Audio Product' Sound & Vision Editor's Choice Awards
Recognized by Sound & Vision magazine at CES with an Editor's Choice 'Best Audio Product' Award, the Denon AVR -5805 literally opens up a new category in advanced audio/video entertainment. The AVR -5805 is the world's first A/V receiver that provides a fully configurable multi -zone audio/video distribution solution with 22 channels of output and 10 fully assignable amplifiers that can be configured in a numerous array of options including dual 7.1 home theaters.

Denon DVD -5910CI and AVR -5805: Digital Entertainment Group's 'Digital Innovation' Award
The Digital Entertainment Group acknowledged the year's most outstanding new digital entertainment products released in calendar 2005 at CES with its coveted 'Digital Innovation Award.' Denon's newly upgraded flagship DVD -5910CI DVD player was selected for this award in the 'Source' category by a panel of product reviewers from the industry's home theater enthusiast publications. An enhanced version of Denon's award -winning DVD -5910, the DVD -5910CI continues to incorporate the most advanced technologies and features available. Most notably, it is capable of improving the image quality of standard definition DVDs by outputting their content in crystal -clear 1080p resolution on its HDMI output. The above -mentioned Denon AVR -5805 A/V receiver was also awarded with a Digital Entertainment Group 'Digital Innovation' Award in the 'Sound' category.

Denon AVR -4306: CES Innovations 2006 Awards Honoree:
The Denon AVR -4306 A/V receiver was chosen as a CES Innovations 2006 Awards Honoree. With a suggested retail price of $1,999, the AVR -4306 is a multi -source, multi -zone IP addressable receiver with a full complement of advanced audio and video processing capabilities that includes HDMI digital video source switching. For maximum performance from all video sources, the AVR -4306 upconverts all incoming analog video signals (composite, component and S -Video) to HDMI output for a simple one -cable connection between receiver and display.

About Denon Electronics
Denon is a world leader in the manufacture of 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 first commercialization of PCM digital audio. Denon Electronics is owned by D&M Holdings Inc.


About D&M Holdings Inc.
D&M Holdings Inc. (TSE II: 6735) is based in Tokyo and owns the Denon, Marantz, McIntosh Laboratory, Boston Acoustics, Snell, D&M Professional, ReplayTV, Rio and Escient brands. Denon, Marantz, McIntosh and D&M Professional are global industry leaders in the specialist home theater, audio/video consumer electronics or professional audio markets, with a strong and long -standing heritage of manufacturing and marketing high -performance audio and video components. Boston Acoustics, with its signature Boston Sound, is a leader in premium loudspeakers for home and audio markets. Snell is a super premium speaker brand. The ReplayTV, Rio and Escient brands represent award -winning technologies in digital home entertainment. Additional information is available at www.dm -holdings.com.


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