NeoMagic (R) Corporation Signed LOI with a Latin American Investors Group ("LAIG")
(Thomson Reuters ONE) -
news release
Investor Relations Information:
Rod Peterson
NeoMagic Corporation
Vice President, Administration and Information
(408) 428-9725
NeoMagic (R) Corporation signed LOI with a Latin American Investors Group
("LAIG") to Launch MercadoMagico.com e-commerce Sites in Venezuela, Peru and
Columbia.
San Jose, California - March 18, 2013, MercadoMagico.com, a division of NeoMagic
Corporation (Pink: NMGC), today announced it has signed a Letter of Intent (LOI)
with a Latin American Investors Group ("LAIG") led by Gustavo Rodriguez, to
launch MercadoMagico e-commerce sites in Venezuela, Peru and Columbia
(www.mercadomagico.com.ve, www.mercadomagico.com.co, www.mercadomagico.com.pe).
These three sites will be operated and maintained by ("LAIG") and
MercadoMagico.com US will provide guidance and support. All these sites
including the US main site www.MercadoMagico.com, will provide links to each
other and work in collaboration.
"We are very excited with this engagement and are looking forward to building a
solid e-commerce platform and ecosystem internationally, and expanding
MercadoMagico business and name brand," said David Tomasello, Chairman of
NeoMagic Corporation. He continued, "This will be our first and significant
step in the fast growing Latin on-line and e-commerce market outside of the
United States." NeoMagic owns MercadoMagico domains that are available for
further expansion in Latin markets including Europe and other countries of
Latin America.
Since the launch of the multi-vendor site, MercadoMagico.com has significantly
increased the number of product categories, signed several new vendors and the
list is growing. MercadoMagico.com now offers thousands of products, that also
include unique and competitively priced items.
MercadoMagico.com is offering free vendor sign up and has improved several of
its e-commerce tools for Sales Report generation views, Sales tracking, Powerful
Search Engine and much more.
For more information, please contact Investor Relations at IR(at)neomagic.com
About NeoMagic
NeoMagic designs and delivers consumer electronic device solutions with
semiconductors and software for video, television, imaging, graphics, and audio.
We provide low cost, innovative chip technology for tomorrow's entertainment and
communication needs. Our solutions offer low power consumption, small form-
factor and high performance processing. As part of our complete system solution,
we deliver a suite of middleware and sample applications for imaging, video and
audio functionality, and we provide multiple operating system ports with
customized drivers for our products. Our product portfolio includes
semiconductor solutions known as applications processors. Our applications
processors are sold under the "MiMagic" brand name with a focus on enabling high
performance processor within a low power consumption environment. The Company
has developed the Horizon Digital Picture Frame kit using our MiMagic 6+
application processor.
Our capabilities give our partners and their customers' high quality answers to
excite and enhance the consumer's lifestyle. For more information, visit
www.neomagic.com.
NeoMagic owns and operates MercadoMagico.com.
MercadoMagico is a registered trademark.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Such forward-looking
statements involve significant risks and uncertainties. Such statements may
include, without limitation, statements with respect to the Company's plans,
objectives, projections, expectations and intentions and other statements
identified by words such as "projects," "may," "could," "would," "should,"
"believes," "expects," "anticipates," "estimates," "intends," "plans," or
similar expressions. These statements are based upon the current beliefs and
expectations of the Company's management and are subject to significant risks
and uncertainties, including those detailed from time-to-time in the Company's
filings with the Securities and Exchange Commission, including our Form10-K's,
10-Q and 8-K's for 2007 through the date of October 31, 2010 hereof have been
made available to the Investor at www.sec.gov. Information for the period
ending January 30, 2011 to the present is not available through the SEC due to
the cessation of the Company's required filings under the 1934 Act. Actual
results, including, without limitation, the Company's ability to successfully
raise capital may differ significantly from those set forth in the forward-
looking statements. Forward-looking statements involve risks and uncertainties
that are subject to change based on various factors (many of which are beyond
the Company's control). For example, statements about our expectations in
connection with financings are subject to a variety of uncertainties and are
subject to change as a result of changes in circumstances that could make it
difficult for us to consummate such financings on terms acceptable to the
Company, or at all. The Company undertakes no obligation to update any forward-
looking statements, except as provided for by law.
NeoMagic is a registered trademark of NeoMagic Corporation and MiMagic is
trademarked. All other trademarks are the property of their respective owners.
NeoMagic disclaims any proprietary interest in the marks and names of others.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Neomagic Corporation via Thomson Reuters ONE
[HUG#1685831]
Unternehmensinformation / Kurzprofil:
Datum: 18.03.2013 - 12:00 Uhr
Sprache: Deutsch
News-ID 240370
Anzahl Zeichen: 6604
contact information:
Town:
San Jose
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 171 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"NeoMagic (R) Corporation Signed LOI with a Latin American Investors Group ("LAIG")"
steht unter der journalistisch-redaktionellen Verantwortung von
Neomagic Corporation (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
