FROM THE DIGIDESIGN WEB SITE:

Avid to Acquire M-Audio
Deal will unite two leaders in the audio industry

Tewksbury, MA (August 13, 2004) — Avid Technology, Inc. (NASDAQ: AVID) today announced that it has entered into a definitive agreement to acquire Midiman, Inc., doing business as M-Audio — a leading provider of digital audio and MIDI solutions for electronic musicians and audio professionals. At closing, Avid will pay approximately $80 million in cash, issue approximately 2 million shares of Avid common stock, and assume all outstanding M-Audio stock options..