NEOMAGIC CORP (WKN: A0F7F0) - ist da was im Busch?

22.06.2010 04:24
NeoMagic(R) Corporation Announces Agreement with WorldGate

SAN JOSE, Calif., June 21 /PRNewswire-FirstCall/ -- NeoMagic Corporation (Pink Sheets: NMGC), a pioneer in developing mobile multimedia solutions and WorldGate (BULLETIN BOARD: WGAT) a leading provider of innovative, IP multimedia telephony services, today announced the signing of an agreement for NeoMagic to sell WorldGate digital phone and video service, including WorldGate's "Ojo® Vision" video phone.

"We are excited about the opportunities WorldGate presents to NeoMagic and our customers," said Syed Zaidi, NeoMagic Corporation's President and Chief Executive Officer. "Their pioneering turn-key digital voice and video phone service is complementary with NeoMagic's mission to provide our customers' with complete system solutions. We look forward to begin selling WorldGate's digital phone and video service."

"WorldGate's goal is to be the leader in providing consumer IP-based video telephony solutions," said George E. Daddis, Jr., CEO of WorldGate. "By working with NeoMagic, we believe we can accelerate the delivery of our ground-breaking telephony solutions to the consumer base. We are excited to work with NeoMagic in delivering our solution to market."

NeoMagic will make available to consumers the innovative technology of the "Ojo® Vision" video phone and NeoMagic will provide a portal on their website for customers to link to WorldGate video phones and service.

About WorldGate

Founded in 1996, WorldGate is a leading provider of digital voice and video phone services and next generation video phones that unite the lives of people in an effortless and affordable way using advanced software, networking and video technologies. WorldGate's unique combination of functional design, advanced technology and innovative use of IP broadband networks brings stunning, next generation communication to life. In addition to offering the latest in video technology, WorldGate provides a turn-key communication services platform and complete back-end support services with best-in-class customer service. As a result, WorldGate brings family, friends and business associates closer together through an entirely new way to experience personal communication. For more information, please visit http://www.wgate.com/ and http://www.wgatephone.com/ .

About NeoMagic

NeoMagic designs and delivers consumer electronic device solutions with semiconductors and software offering exciting new product functionality for Video, TV, Imaging, Graphics, and Audio. We provide low cost, innovative multimedia chip technology for tomorrow's entertainment and communication needs. Our capabilities give our partners and their customers' high quality answers to excite and enhance the consumer's lifestyle.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements include statements about our future product development, strategic partnerships, marketing efforts and growth. These forward-looking statements reflect current expectations. However, actual events and results could vary significantly based on a variety of factors, including our need for additional funding for our operations, the ability to locate and hire qualified personnel, the inability to reach agreement with strategic partners on a timely basis and on acceptable terms, changes in competitive conditions and market acceptance of our new products and technologies. Additional risks and uncertainties are discussed in NeoMagic's most recent annual report on Form 10-K for the year ended January 31, 2010, filed on May 17, 2010, filed with the United States Securities and Exchange Commission (SEC), which is available online at http://www.sec.gov/. NeoMagic may, from time to time, make additional written or oral forward-looking statements, including statements contained in filings with the SEC and reports to shareholders. NeoMagic does not undertake the obligation to update any forward-looking statements that may be made by or on behalf of the Company, except as may be required by law.

NeoMagic is a registered trademark of NeoMagic Corporation. All other trademarks are the property of their respective owners. NeoMagic disclaims any proprietary interest in the marks and names of others.

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NeoMagic Corporation

CONTACT: Rod Peterson, or Investor Relations, Charlotte Willson,
Director, Finance and Administration, both of NeoMagic Corporation,
+1-408-428-9725

Web Site: http://www.neomagic.com/
http://www.wgate.com/  

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NeoMagic(R) Corporation Announces Design Win for MiMagic 6+ SOC

SAN JOSE, Calif., July 7 /PRNewswire-FirstCall/ -- NeoMagic Corporation (Pink Sheets: NMGC), a pioneer in developing mobile multimedia solutions, and ViV Systems Incorporated, a provider of home theater consumer electronics and networking products, today announced that NeoMagic's MiMagic 6+ has been selected for their multifunction M-Book wireless controller for use with their karaoke systems.

Within the MiMagic 6+ small ball grid array package is an embedded processor with instruction and data cache, a tightly coupled memory, and hardware Java acceleration. The MiMagic 6+ also includes a powerful graphics and video engine, and a host of integrated peripherals including, NAND flash and Memory controllers, SD/MMC, UART, USB and GPIO interfaces.

"We're extremely pleased with the selection of MiMagic 6+ for ViV Systems M-Book karaoke remote controller. We expect the selection of MiMagic 6+ by ViV Systems to open up new avenues for our MiMagic SOCs," said Syed Zaidi, NeoMagic Corporation's President and Chief Executive Officer. "We look forward to supporting ViV Systems to bring their M-Book karaoke remote controller to market."

"We have selected NeoMagic's MiMagic 6+ SOC as it provides us with a low-power, highly scalable architecture and competitively priced solution that fulfills our current as well as future product requirements," said Tho Pham ViV Systems' Chief Executive Officer.

About ViV Systems

ViV Systems Incorporated is a leading home theater developer and manufacturer specializing in consumer electronics and networking products. ViV Systems designs and manufactures the M-Player series targeting the home theater market. The M-Player is a user-friendly HDD-based media player with a remote control that plays directly from TV and A/V system the digital media contents stored in its removable HDD (hard drive). For more information, please visit www.vivsys.com.

About NeoMagic

NeoMagic designs and delivers consumer electronic device solutions with semiconductors and software offering exciting new product functionality for Video, TV, Imaging, Graphics, and Audio. We provide low cost, innovative multimedia chip technology for tomorrow's entertainment and communication needs. Our capabilities give our partners and their customers' high quality answers to excite and enhance the consumer's lifestyle. For more information, please visit www.neomagic.com.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements include statements about our future product development, strategic partnerships, marketing efforts and growth. These forward-looking statements reflect current expectations. However, actual events and results could vary significantly based on a variety of factors, including our need for additional funding for our operations, the ability to locate and hire qualified personnel, the inability to reach agreement with strategic partners on a timely basis and on acceptable terms, changes in competitive conditions and market acceptance of our new products and technologies. Additional risks and uncertainties are discussed in NeoMagic's most recent annual report on Form 10-K for the year ended January 31, 2010, filed on May 17, 2010,  filed with the United States Securities and Exchange Commission (SEC), which is available online at http://www.sec.gov. NeoMagic may, from time to time, make additional written or oral forward-looking statements, including statements contained in filings with the SEC and reports to shareholders. NeoMagic does not undertake the obligation to update any forward-looking statements that may be made by or on behalf of the Company, except as may be required 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.

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SOURCE NeoMagic Corporation
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http://www.vivsys.com
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