“We’re thrilled with the acquisition of Superior Microwave, Inc.,” expressed David Tomasello, Chairman of NeoMagic Company. “This transaction permits NeoMagic to enter new areas of development, together with the protection trade.”
Syed Zaidi, President, and CEO of NeoMagic, echoed his enthusiasm for the acquisition, stating, “In the present day signifies the daybreak of a brand new and thrilling chapter for NeoMagic, as we welcome Superior Microwave Inc. into the fold. Their distinctive and modern merchandise lineup seamlessly aligns with NeoMagic’s dedication to offering our prospects’ with top-tier options and merchandise. We’re keen to construct upon Superior Microwave Inc.’s legacy and elevate it to a outstanding place within the market.”
NeoMagic Company stays actively engaged within the exploration of strategic partnerships, joint ventures, and potential mergers and acquisitions, all aimed toward increasing our product and expertise portfolio.
For extra data, please contact Investor Relations at IR@neomagic.com.
About NeoMagic
NeoMagic Company, headquartered in Silicon Valley, a pioneer in SOC (System On A Chip) and embedded dynamic random-access-memory (DRAM) expertise, the combination of advanced logic, reminiscence and analog circuits into single-chip options, designed to supply the bottom energy, smallest form-factor and finest multimedia options and efficiency.
For extra data, go to www.NeoMagic.com.
NeoMagic owns and operates Superior Microwave Inc.
NeoMagic owns and operates MercadoMagico.com
MercadoMagico is a registered trademark.
Protected Harbor Assertion
This press launch accommodates forward-looking statements inside the that means of the Non-public Securities Litigation Reform Act of 1995. Such forward-looking statements contain vital dangers and uncertainties. Such statements might embrace, with out limitation, statements with respect to the Firm’s plans, goals, projections, expectations and intentions and different statements recognized by phrases equivalent to “initiatives,” “might,” “might,” “would,” “ought to,” “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” or comparable expressions. These statements are primarily based upon the present beliefs and expectations of the Firm’s administration and are topic to vital dangers and uncertainties, together with these detailed from time-to-time within the Firm’s filings with the Securities and Change Fee, together with our Form10-Okay’s, 10-Q and 8-Okay’s for 2007 by way of the date of October 31, 2010 hereof have been made accessible to the Investor at www.sec.gov. Info for the interval ending January 30, 2011 to the current shouldn’t be accessible by way of the SEC as a result of cessation of the Firm’s required filings below the 1934 Act. Precise outcomes, together with, with out limitation, the Firm’s capacity to efficiently increase capital might differ considerably from these set forth within the forward-looking statements. Ahead-looking statements contain dangers and uncertainties which can be topic to alter primarily based on numerous components (a lot of that are past the Firm’s management). For instance, statements about our expectations in reference to financings are topic to quite a lot of uncertainties and are topic to alter because of adjustments in circumstances that might make it tough for us to consummate such financings on phrases acceptable to the Firm, or in any respect. The Firm undertakes no obligation to replace any forward-looking statements, besides as supplied for by regulation.
NeoMagic is a registered trademark of NeoMagic Company and MiMagic is trademarked. All different logos are the property of their respective house owners. NeoMagic disclaims any proprietary curiosity within the marks and names of others.
