Iroquois Master Fund Ltd. announced that it intends to nominate five individuals for election to the Board of Directors of LRAD Corporation at the 2013 annual meeting of shareholders. The nominees to the board are Richard Abbe - Mr. Abbe is the co-founder of and has been a portfolio manager at Iroquois Capital Management LLC. Lee Buchanan - Dr. Buchanan has been a Venture Partner of Paladin Capital Group.

Prior to this, he served as Vice President, Advanced Concepts of EDO Corporation. John G. Coburn - Retired U.S. Army Gen. John G. Coburn has been the Chief Executive Officer and Chairman of VT Systems Inc. Prior to joining VT Systems, General Coburn served in the U.S. Army for 39 years in various logistics assignments.

Mark Sandson - In February 2001, Mr. Sandson founded, and since then has been President of, Core Technology Partners. He previously led corporate business operations in weapon system engineering, avionics, satellite navigation and remote sensing, command and control, advanced data systems, and outsourcing services. Dennis Wend - In January 2007, Mr. Wend founded, and became the President of, Wend & Associates LLC, Wend & Associates Inc. Prior to founding Wend & Associates, he served over 27 years as a civilian with the U.S. Army in various jobs in procurement, logistics, weapon system management as the Director of the National Automotive Center and Executive Director for Technology Transfer.