-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 VHq9igNAc1w7N8Hxh9UMmlqsp4b05vcdLZsbmKwmpmRklynWmKQfYKKMeiV08i3h
 JZDaDhY8m+JThrwB5444vQ==

<SEC-DOCUMENT>0001140361-07-008684.txt : 20070430
<SEC-HEADER>0001140361-07-008684.hdr.sgml : 20070430
<ACCEPTANCE-DATETIME>20070430164327
ACCESSION NUMBER:		0001140361-07-008684
CONFORMED SUBMISSION TYPE:	SC 13D
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20070430
DATE AS OF CHANGE:		20070430

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GOTTLIEB JAY
		CENTRAL INDEX KEY:			0001218021

	FILING VALUES:
		FORM TYPE:		SC 13D

	MAIL ADDRESS:	
		STREET 1:		27 MISTY BROOK LANE
		CITY:			NEW FAIRFIELD
		STATE:			CT
		ZIP:			06812

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SPATIALIZER AUDIO LABORATORIES INC
		CENTRAL INDEX KEY:			0000890821
		STANDARD INDUSTRIAL CLASSIFICATION:	SEMICONDUCTORS & RELATED DEVICES [3674]
		IRS NUMBER:				954484725
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-53543
		FILM NUMBER:		07801120

	BUSINESS ADDRESS:	
		STREET 1:		2025 GATEWAY PLACE
		STREET 2:		SUITE 365
		CITY:			SAN JOSE
		STATE:			CA
		ZIP:			95110
		BUSINESS PHONE:		3102273370

	MAIL ADDRESS:	
		STREET 1:		2625 TOWNSGATE ROAD
		STREET 2:		SUITE 330
		CITY:			WESTLAKE VILLAGE
		STATE:			CA
		ZIP:			91361
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D
<SEQUENCE>1
<FILENAME>doc1.htm
<TEXT>
<html><head><title>Schedule 13D</title></head><body bgcolor="#ffffff">
<center>
<table width="95%" cellspacing="0" cellpadding="5" border="0"><tr><td align="center"><font size="2">UNITED STATES<br>SECURITIES AND EXCHANGE COMMISSION<br>
   Washington, D.C. 20549<p>SCHEDULE&nbsp;13D</p>
<p>Under the Securities Exchange Act of 1934<br>(Amendment No.

&nbsp;&nbsp;

)*</p></font></td></tr></table>
<br><br><table width="95%" cellspacing="0" cellpadding="2" border="0">
<tr><td align="center">
<font size="2">Spatializer Audio Laboratories, Inc.<hr size="2">(Name of Issuer)</font><br><br>
</td></tr>
<tr><td align="center">
<font size="2">Common Shares<hr size="2">
   (Title of Class of Securities)</font><br><br>
</td></tr>
<tr><td align="center">
<font size="2">84725L101<hr size="2">
<center>(CUSIP Number)</center></font><br><br>
</td></tr>
<tr><td align="center">
<font size="2">Jay Gottlieb<br>27 Misty Brook Lane<br>New Fairfield,&nbsp;CT&nbsp;06812<br>914-275-6290<hr size="2">
   (Name, Address and Telephone Number of Person Authorized to<br>Receive Notices and Communications)</font><br><br>
</td></tr>
<tr><td width="95%" align="center"><font size="2">April&nbsp;30,&nbsp;2007<hr size="2">
   (Date of Event which Requires Filling of this Statement)</font></td></tr>
</table>
<br><br><table width="95%" cellspacing="0" cellpadding="0" border="0"><tr><td><p align="justify"><font size="2">If the filing person has previously filed a
   statement on Schedule 13G to report the acquisition that is the subject of this
   Schedule 13D, and is filing this schedule because of &#183;&#183; 240.13d-1(e),
   240.13d-1 (f) or 240.13d-1(g), check the following box. &nbsp;&nbsp;(

&nbsp;&nbsp;

)</font></p></td></tr></table>
<br><br><table width="95%" cellspacing="0" cellpadding="2" border="0">
<tr><td><p align="justify"><font size="2">Note:
   Schedules filed in paper format shall include a signed original and five copies of the schedule,
   including all exhibits. See &#183; 240.13d-7 for other parties to whom copies are to be sent.</font></p></td></tr>
<tr><td>&nbsp;</td></tr>
<tr><td><p align="justify"><font size="2"> * The remainder of this
   cover page shall be filled out for a reporting person's initial filing on
   this form with respect to the subject class of securities, and for any subsequent
   amendment containing information which would alter disclosures provided
   in a prior cover page.</font></p></td></tr>
<tr><td>&nbsp;</td></tr>
<tr><td><p align="justify"><font size="2">The information required on the remainder of this cover
   page shall not be deemed to be "filed" for the purpose of Section 18 of the
   Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities
   of that section of the Act but shall be subject to all other provisions of the
   Act (however, see the Notes).</font></p></td></tr>
<tr><td width="95%" align="left">
<br><br><p align="center"><font size="2">&nbsp;</font></p>
<hr size="3">
</td></tr>
</table>
<!-- PAGE BREAK --><br><br><table width="95%" cellspacing="0" cellpadding="2" border="0">
<tr><td colspan="5" width="95%" align="center"><font size="2">SCHEDULE 13D</font></td></tr>
<tr><td colspan="5" align="center"><font size="2">CUSIP No. 84725L101</font></td></tr>
<tr><td colspan="5" width="95%" align="left"><hr size="2"></td></tr>
<tr>
<td colspan="2" width="8%">&nbsp;</td>
<td width="6%" valign="top"><font size="2">1.</font></td>
<td colspan="2"><font size="2">Names of Reporting Persons.<br>Jay Gottlieb<br>I.R.S. Identification No. </font></td>
</tr>
<tr><td colspan="5" width="95%" align="left"><hr size="2"></td></tr>
<tr>
<td colspan="2" width="8%">&nbsp;</td>
<td width="6%" valign="top"><font size="2">2.</font></td>
<td width="86%" colspan="2"><font size="2">Check the Appropriate Box if a Member of a Group*
   <br>(a.)&nbsp;&nbsp;(

&nbsp;&nbsp;

)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b.)&nbsp;&nbsp;(

X

)
   </font></td>
</tr>
<tr><td colspan="5" width="95%" align="left"><hr size="2"></td></tr>
<tr>
<td colspan="2" width="8%">&nbsp;</td>
<td width="6%" valign="top"><font size="2">3.</font></td>
<td width="86%" colspan="2"><font size="2">SEC USE ONLY</font></td>
</tr>
<tr><td colspan="5" width="95%" align="left"><hr size="2"></td></tr>
<tr>
<td colspan="2" width="8%">&nbsp;</td>
<td width="6%" valign="top"><font size="2">4.</font></td>
<td width="86%" colspan="2"><font size="2">Source of Funds*<br><center>PF</center></font></td>
</tr>
<tr><td colspan="5" width="95%" align="left"><hr size="2"></td></tr>
<tr>
<td colspan="2" width="8%">&nbsp;</td>
<td width="6%" valign="top"><font size="2">5.</font></td>
<td width="86%" colspan="2"><font size="2">Check if Disclosure of Legal Proceedings Is
   Required Pursuant to items 2(d) or 2(e)&nbsp; (

&nbsp;&nbsp;

) </font></td>
</tr>
<tr><td colspan="5" width="95%" align="left"><hr size="2"></td></tr>
<tr>
<td colspan="2" width="8%">&nbsp;</td>
<td width="6%" valign="top"><font size="2">6.</font></td>
<td width="86%" colspan="2"><font size="2">
   Citizenship or Place of Organization<br><center>USA</center></font></td>
</tr>
<tr><td colspan="5" width="95%" align="left"><hr size="2"></td></tr>
<tr>
<td colspan="3" rowspan="7"><font size="2">Number of<br>Shares<br>Beneficially<br>Owned by<br>Each Reporting<br>Person With</font></td>
<td width="5%" valign="top"><font size="2">7.</font></td>
<td width="77%"><font size="2">Sole Voting Power<br>13,605,615</font></td>
</tr>
<tr><td colspan="2" width="89%"><hr size="2"></td></tr>
<tr>
<td width="5%" valign="top"><font size="2">8.</font></td>
<td width="77%"><font size="2">Shared Voting Power<br>n/a</font></td>
</tr>
<tr><td colspan="2" width="89%"><hr size="2"></td></tr>
<tr>
<td width="5%" valign="top"><font size="2">9.</font></td>
<td width="77%"><font size="2">Sole Dispositive Power<br>13,605,615</font></td>
</tr>
<tr><td colspan="2" width="89%"><hr size="2"></td></tr>
<tr>
<td width="5%" valign="top"><font size="2">10.</font></td>
<td width="77%"><font size="2">Shared Dispositive Power<br>n/a</font></td>
</tr>
<tr><td colspan="5" width="95%"><hr size="2"></td></tr>
<tr>
<td colspan="2" width="8%">&nbsp;</td>
<td width="6%" valign="top"><font size="2">11.</font></td>
<td width="86%" colspan="2"><font size="2">Aggregate Amount Beneficially Owned by Each Reporting Person<br>13,605,615</font></td>
</tr>
<tr><td colspan="5" width="95%" align="left"><hr size="2"></td></tr>
<tr>
<td colspan="2" width="8%">&nbsp;</td>
<td width="6%" valign="top"><font size="2">12.</font></td>
<td width="86%" colspan="2"><font size="2">Check if the Aggregate Amount Represented by
  Amount in Row (11) Excludes Certain Shares <br>(See Instructions)&nbsp;&nbsp; (

&nbsp;&nbsp;

) </font></td>
</tr>
<tr><td colspan="5" width="95%" align="left"><hr size="2"></td></tr>
<tr>
<td colspan="2" width="8%">&nbsp;</td>
<td width="6%" valign="top"><font size="2">13.</font></td>
<td width="86%" colspan="2"><font size="2">
   Percent of Class Represented by Amount in Row (11)<br><center>20.9%</center></font></td>
</tr>
<tr><td colspan="5" width="95%" align="left"><hr size="2"></td></tr>
<tr>
<td Valign="top" colspan="2" width="8%">&nbsp;</td>
<td width="6%" valign="top"><font size="2">14.</font></td>
<td Valign="top" width="86%" colspan="2"><font size="2">Type of Reporting Person<br><center>IN</center></font></td>
</tr>
<tr><td colspan="5" width="95%" align="left">
<br><br><p align="center"><font size="2">2</font></p>
<hr size="3">
</td></tr>
</table>
<!-- PAGE BREAK --><br><br><table width="95%" cellspacing="2" cellpadding="0" border="0">
<tr><td colspan="2" width="95%" align="left"><p align="justify"><font size="2">Item 1. Security and Issuer<br><br>
   &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common Shares
<br>SPATIALIZER AUDIO LABORATORIES, INC
<br>2025 Gateway Place, Suite 365
<br>San Jose, California 95110</font></p></td></tr>
<tr><td colspan="2" width="95%" align="left"><p><br></p></td></tr>
<tr><td colspan="2" width="95%" align="left"><p align="justify"><font size="2">Item 2. Identity and Background.</font></p></td></tr>
<tr><td colspan="2" width="95%" align="left"><p><br></p></td></tr>
<tr>
<td valign="top" width="3%"><p align="justify"><font size="2">(a)</font></p></td>
<td width="97%" valign="top"><p align="justify"><font size="2">Name:&nbsp;&nbsp;Jay Gottlieb</font></p></td>
</tr>
<tr><td colspan="2" width="95%" align="left"><p><br></p></td></tr>
<tr>
<td valign="top" width="3%"><p align="justify"><font size="2">(b)</font></p></td>
<td width="97%" valign="top"><p align="justify"><font size="2">Residence or business address:&nbsp;&nbsp;27 Misty Brook Lane
<br>New Fairfield, CT 06812</font></p></td>
</tr>
<tr><td colspan="2" width="95%" align="left"><p><br></p></td></tr>
<tr>
<td valign="top" width="3%"><p align="justify"><font size="2">(c)</font></p></td>
<td width="97%" valign="top"><p align="justify"><font size="2">Present Principal Occupation or Employment:&nbsp;&nbsp;Investor</font></p></td>
</tr>
<tr><td colspan="2" width="95%" align="left"><p><br></p></td></tr>
<tr>
<td valign="top" width="3%"><p align="justify"><font size="2">(d)</font></p></td>
<td width="97%" valign="top"><p align="justify"><font size="2">Criminal Conviction:&nbsp;&nbsp;none</font></p></td>
</tr>
<tr><td colspan="2" width="95%" align="left"><p><br></p></td></tr>
<tr>
<td valign="top" width="3%"><p align="justify"><font size="2">(e)</font></p></td>
<td width="97%" valign="top"><p align="justify"><font size="2">Court or Administrative Proceedings:&nbsp;&nbsp;none</font></p></td>
</tr>
<tr><td colspan="2" width="95%" align="left"><p><br></p></td></tr>
<tr>
<td valign="top" width="3%"><p align="justify"><font size="2">(f)</font></p></td>
<td width="97%" valign="top" align="justify" colspan="4"><font size="2">Citizenship:&nbsp;&nbsp;USA</font></td>
</tr>
<tr><td colspan="2" width="95%" align="left"><p><br></p></td></tr>
<tr><td colspan="2" width="95%" align="left"><p align="justify"><font size="2">
   Item 3. Source and Amount of Funds or Other Consideration:<br><br>
   &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Personal Funds</font></p></td></tr>
<tr><td colspan="2" width="95%" align="left"><p><br></p></td></tr>
</table>
<table border="0" cellPadding="2" cellSpacing="2" width="95%">
<tr><td colspan="2" width="95%" align="left"><p align="justify"><font size="2">Item 4. Purpose of Transaction<br><br></font></p></td></tr>
<tr><td colspan="2" width="95%" align="left">
<p align="justify"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jay Gottlieb has acquired the securities specified in this Schedule 13D for investment purposes. The Company sold 8,739,115 shares of the common stock on April 25, 2007 for an aggregate purchase price of $87,391.15 with a potential additional payment of $ 139,826 upon the satisfaction of certain conditions by June 30, 2007, as described in the Spatializer 8-K filed on April 25th, 2007. In addition the Company sold 4,272,500 shares to Greggory A. Schneider and 3,225,500 shares to Helaine Kaplan under the similar terms and conditions. Shares were acquired concurrently however, reporting person disclaims being a group with Mr. Schneider and Ms. Kaplan.
<br>Pursuant to the terms of the Stock Purchase Agreement, the Company has agreed to file a proxy statement with the Securities and Exchange Commission requesting its stockholders to approve an amendment to the Certificate of Incorporation to provide for an increase in the authorized number of common stock from 65,000,000 to 300,000,000 and a reverse stock split with a ratio of between one-for-five to one-for-fifty, the exact ratio to be determined at the discretion of the Board of Directors of the Company. Additionally, the Company has agreed to take corporate action as reasonably required to ensure that the directors constituting the Board is set at three. After the closing of the Asset Purchase Agreement by the Company and DTS, Inc. the Company shall take such corporate action as may be reasonably required to appoint Mr. Gottlieb or his designee to the Board.</font></p>
<br>
</td></tr>
<tr><td colspan="2" width="95%" align="left">
<br><br><p align="center"><font size="2">3</font></p>
<hr size="3">
</td></tr>
</table>
<!-- PAGE BREAK --><table border="0" cellPadding="2" cellSpacing="2" width="95%">
<tr>
<td valign="top" width="3%"><p align="justify"><font size="2">(a)</font></p></td>
<td width="97%" valign="top"><p align="justify"><font size="2">
   The acquisition by any person of additional securities of the issuer,
   or the disposition of securities of the issuer; </font></p></td>
</tr>
<tr><td colspan="2" width="95%" align="left">
<p align="justify"><font size="2">n/a</font></p>
<br>
</td></tr>
<tr>
<td valign="top" width="3%"><p align="justify"><font size="2">(b)</font></p></td>
<td width="97%" valign="top"><p align="justify"><font size="2">
   An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the issuer or any of its subsidiaries;</font></p></td>
</tr>
<tr><td colspan="2" width="95%" align="left">
<p align="justify"><font size="2">n/a</font></p>
<br>
</td></tr>
<tr>
<td valign="top" width="3%"><p align="justify"><font size="2">(c)</font></p></td>
<td width="97%" valign="top"><p align="justify"><font size="2">A sale or transfer of a material amount of assets of the issuer or any of its subsidiaries;</font></p></td>
</tr>
<tr><td colspan="2" width="95%" align="left">
<p align="justify"><font size="2">n/a</font></p>
<br>
</td></tr>
<tr>
<td valign="top" width="3%"><p align="justify"><font size="2">(d)</font></p></td>
<td width="97%" valign="top"><p align="justify"><font size="2">Any change in the present board of directors or management of the issuer,
   including any plans or proposals to change the number or term of directors
   or to fill any existing vacancies on the board; </font></p></td>
</tr>
<tr><td colspan="2" width="95%" align="left">
<p align="justify"><font size="2">Yes - After the closing of the Asset Purchase Agreement, the Company shall take such corporate action as may be reasonably required to appoint Mr. Gottlieb or his designee to the Board</font></p>
<br>
</td></tr>
<tr>
<td valign="top" width="3%"><p align="justify"><font size="2">(e)</font></p></td>
<td width="97%" valign="top"><p align="justify"><font size="2">Any material change in the present capitalization or dividend policy of the issuer;</font></p></td>
</tr>
<tr><td colspan="2" width="95%" align="left">
<p align="justify"><font size="2">n/a</font></p>
<br>
</td></tr>
<tr>
<td valign="top" width="3%"><p align="justify"><font size="2">(f)</font></p></td>
<td width="97%" valign="top"><p align="justify"><font size="2">
   Any other material change in the issuer's business or corporate structure including but not
   limited to, if the issuer is a registered closed-end investment company, any plans or
   proposals to make any changes in its investment policy for which a vote is required by
   section 13 of the Investment Company Act of 1940; </font></p></td>
</tr>
<tr><td colspan="2" width="95%" align="left">
<p align="justify"><font size="2">n/a</font></p>
<br>
</td></tr>
<tr>
<td valign="top" width="3%"><p align="justify"><font size="2">(g)</font></p></td>
<td width="97%" valign="top"><p align="justify"><font size="2">
   Changes in the issuer's charter, bylaws or instruments corresponding thereto or other actions
   which may impede the acquisition of control of the issuer by any person; </font></p></td>
</tr>
<tr><td colspan="2" width="95%" align="left">
<p align="justify"><font size="2">n/a</font></p>
<br>
</td></tr>
<tr>
<td valign="top" width="3%"><p align="justify"><font size="2">(h)</font></p></td>
<td width="97%" valign="top"><p align="justify"><font size="2">
   Causing a class of securities of the issuer to be delisted from a national securities
   exchange or to cease to be authorized to be quoted in an inter-dealer quotation
   system of a registered national securities association; </font></p></td>
</tr>
<tr><td colspan="2" width="95%" align="left">
<p align="justify"><font size="2">n/a</font></p>
<br>
</td></tr>
<tr>
<td valign="top" width="3%"><p align="justify"><font size="2">(i)</font></p></td>
<td width="97%" valign="top"><p align="justify"><font size="2">
   A class of equity securities of the issuer becoming eligible for termination
   of registration pursuant to Section 12(g)(4) of the Act; or </font></p></td>
</tr>
<tr><td colspan="2" width="95%" align="left">
<p align="justify"><font size="2">n/a</font></p>
<br>
</td></tr>
<tr>
<td valign="top" width="3%"><p align="justify"><font size="2">(j)</font></p></td>
<td width="97%" valign="top"><p align="justify"><font size="2"> Any action similar to any of those enumerated above.</font></p></td>
</tr>
<tr><td colspan="2" width="95%" align="left">
<p align="justify"><font size="2">n/a</font></p>
<br>
</td></tr>
</table>
<table border="0" cellPadding="0" cellSpacing="2" width="95%">
<tr><td colspan="2" width="95%" align="left"><p><br></p></td></tr>
<tr><td colspan="2" width="95%" align="left"><p align="justify"><font size="2">Item 5. Interest in Securities of the Issuer.</font></p></td></tr>
<tr><td colspan="2" width="95%" align="left"><p><br></p></td></tr>
<tr>
<td valign="top" width="3%"><p align="justify"><font size="2">(a)</font></p></td>
<td width="97%" valign="top"><p align="justify"><font size="2">13,605,615 Common Shares
<br>20.9%</font></p></td>
</tr>
<tr><td colspan="2" width="95%" align="left"><p><br></p></td></tr>
<tr>
<td valign="top" width="3%"><p align="justify"><font size="2">(b)</font></p></td>
<td width="97%" valign="top"><p align="justify"><font size="2">Not applicable.</font></p></td>
</tr>
<tr><td colspan="5" width="95%" align="left"><p><br></p></td></tr>
<tr>
<td width="3%" valign="top"><p align="justify"><font size="2">(c)</font></p></td>
<td width="97%" valign="top"><p align="justify"><font size="2">Not applicable.</font></p></td>
</tr>
<tr><td colspan="2" width="95%" align="left"><p><br></p></td></tr>
</table>
<table border="0" cellPadding="0" cellSpacing="2" width="95%">
<tr>
<td valign="top" width="19%"><p align="justify"><font size="2">&nbsp;</font></p></td>
<td valign="top" width="16%"><p align="center"><font size="2">Transaction<br>Date</font></p></td>
<td valign="top" width="23%" colspan="2"><p align="center"><font size="2">Shares or Units<br>Purchased (Sold)</font></p></td>
<td valign="top" width="23%" colspan="2"><p align="center"><font size="2">Price per<br>Share or Unit</font></p></td>
<td valign="top" width="19%"><p align="justify"><font size="2">&nbsp;</font></p></td>
</tr>
<tr>
<td valign="top" width="19%"><p align="justify"><font size="2">&nbsp;</font></p></td>
<td valign="top" width="16%"><p align="justify"><font size="2">Prior to Feb 2007<br>
<br>
4-25-07<br>
<br>
</font></p></td>
<td valign="top"><p align="right"><font size="2">4,846,500<br>
<br>
8,739,115<br>
<br>
</font></p></td>
<td valign="top"><font size="2">&nbsp;</font></td>
<td valign="top"><p align="right"><font size="2">approx .02<br>
<br>
..01 plus .016 if certain conditions are met by June 30th, 2007 as per items 4 or 6<br>
<br>
</font></p></td>
<td valign="top"><font size="2">&nbsp;</font></td>
<td valign="top" width="19%"><p align="justify"><font size="2">&nbsp;</font></p></td>
</tr>
<tr>
<td valign="top" width="16%"><p align="justify"><font size="2">&nbsp;</font></p></td>
<td valign="top" width="84%" colspan="6"><p align="justify"><font size="2">&nbsp;</font></p></td>
</tr>
</table>
<table border="0" cellPadding="0" cellSpacing="2" width="95%">
<tr><td colspan="2" width="95%" align="left"><p><br></p></td></tr>
<tr>
<td valign="top" width="3%"><p align="justify"><font size="2">(d)</font></p></td>
<td width="97%" valign="top"><p align="justify"><font size="2">Not applicable.</font></p></td>
</tr>
<tr><td colspan="2" width="95%" align="left"><p><br></p></td></tr>
<tr>
<td valign="top" width="3%"><p align="justify"><font size="2">(e)</font></p></td>
<td width="97%" valign="top"><p align="justify"><font size="2">Not applicable.</font></p></td>
</tr>
<tr><td colspan="2" width="95%" align="left"><p><br></p></td></tr>
<tr><td colspan="2" width="95%" align="left"><p align="justify"><font size="2">Item 6. Contracts, Arrangements, Understandings or Relationships with
   Respect to Securities of the Issuer.<br><br><br>
   &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On April 25, 2007, Spatializer Audio Laboratories, Inc. entered into a Common Stock Purchase Agreement with Jay A. Gottlieb, Greggory A. Schneider and Helaine Kaplan (collectively, the Investors) pursuant to which the Company sold and the Investors purchased an aggregate of number of 16,236,615 shares of common stock of the Company for an aggregate purchase price of $162,366.15 with a potential additional payment of $259,786 to be released from an escrow account to the Company if certain conditions are met by June 30, 2007. As of April 20, 2007, Mr. Gottlieb owned 4,866,500 shares of the common stock which accounted for approximately 9.98% of the issued and outstanding common stock as of such date. Except as described herein, there are no material relationships between the Company or its affiliates and any of the Investors.
<br>  Pursuant to the terms of the Stock Purchase Agreement, the Company has agreed to file a proxy statement with the Securities and Exchange Commission requesting its stockholders to approve an amendment to the Certificate of Incorporation to provide for an increase in the authorized number of common stock from 65,000,000 to 300,000,000 and a reverse stock split with a ratio of between one-for-five to one-for-fifty, the exact ratio to be determined at the discretion of the Board of Directors of the Company
<br>  The Company has also agreed not to issue any additional shares of common stock of the Company for a period commencing on the closing of the Stock Purchase Agreement and ending 275 days after the closing of the transactions contemplated under that certain Asset Purchase Agreement, dated as of September 18, 2006, by and among Company, Desper Products, Inc., a California corporation and a wholly owned subsidiary of the Company, and DTS, Inc., a Delaware corporation, and DTS BVI Limited, a wholly owned subsidiary of DTS, Inc. The Company has further agreed not to make any distributions or dividends to the stockholders of the Company during the same period. If the closing of the transactions contemplated under the Asset Purchase Agreement occurs, within ten days after the end of this 275 day period, the Board of Directors has agreed to pay certain of the Company's liabilities, provide for $100,000 in working capital for the Company and declare a distribution or dividend to the stockholders of any remaining 
funds if permitted pursuant to Delaware law.
<br>  Additionally, the Company has agreed to take corporate action as reasonably required to ensure that the directors constituting the Board is set at three. After the closing of the Asset Purchase Agreement, the Company shall take such corporate action as may be reasonably required to appoint Mr. Gottlieb or his designee to the Board. Furthermore, the Investors agree to take such action as may reasonably be required to elect Henry R. Mandell or his designee and one additional designee of Mr. Mandell as directors of the Company from the period commencing from April 25, 2007, the closing date of the Stock Purchase Agreement, to the earlier of the termination of the Asset Purchase Agreement or the distribution of any funds of the Company received from the Asset Purchase Agreement.</font></p></td></tr>
<tr><td colspan="2" width="95%" align="left">
<br><br><p align="center"><font size="2">4</font></p>
<hr size="3">
</td></tr>
</table>
<!-- PAGE BREAK --><table border="0" cellPadding="2" cellSpacing="2" width="95%">
<tr><td colspan="2" width="95%" align="left"><p><br></p></td></tr>
<tr><td colspan="2" width="95%" align="left"><p align="justify"><font size="2">Item 7. Material to be Filed as Exhibits.<br><br><br>
   &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;None.</font></p></td></tr>
<tr><td colspan="2" width="95%" align="left"><p><br></p></td></tr>
</table>
<p></p>
<table border="0" cellPadding="0" cellSpacing="2" width="95%">
<tr><td width="95%" colspan="5"><p align="justify"><font size="2">
   Signature<br><br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;After reasonable inquiry and to the best of my
   knowledge and belief, I certify that the information set forth in this statement is true,
   complete and correct.</font></p></td></tr>
<tr><td width="95%" colspan="5">&nbsp;</td></tr>
<tr><td width="95%" colspan="5" valign="top"><font size="2">Date:&nbsp;&nbsp;
April&nbsp;30,&nbsp;2007</font></td></tr>
<tr>
<td width="50%" colspan="1"><font size="2">&nbsp;</font></td>
<td width="50%" colspan="4"><font size="2">Jay Gottlieb<br><br></font></td>
</tr>
<tr>
<td width="50%" colspan="1" align="right" valign="top"><font size="2">&nbsp;</font></td>
<td width="5%" colspan="1" align="right" valign="top"><font size="2">By:</font></td>
<td width="45%" align="left" valign="top" colspan="3"><font size="2">/s/&nbsp;Jay Gottlieb<hr size="1" width="240" align="left" valign="top">
   &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jay Gottlieb</font></td>
</tr>
</table>
<table border="0" cellPadding="0" cellSpacing="2" width="95%">
<tr><td colspan="2">&nbsp;</td></tr>
<tr><td colspan="2" width="95%" align="left">
<br><br><p align="center"><font size="2">5</font></p>
<hr size="3">
</td></tr>
</table>
</center>

</body>
</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
