Global IP Sound Reports Third Quarter 2006 Financial Results

(reported in thousands of U.S. Dollars and thousands of SEK; un-audited)

STOCKHOLM – October 25, 2006 - Global IP Sound AB, the leading provider of embedded media processing technologies, today reported its financial results for the third quarter ending September 30, 2006. The Company is now reporting its financial results in both Swedish Krona and U.S. Dollars.