New Partnership Between Mercadomagico.com And CBS Outdoor
05 October 2013 - 7:45AM
news release
Investor Relations Information: |
|
Rod Peterson |
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NeoMagic Corporation |
|
Vice President, Administration and Information |
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(408) 428-9725 |
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NeoMagic (R) Corporation Announces New Partnership Between
Mercadomagico.com And CBS Outdoor To Improve And Expand Marketing
Efforts.
San Jose, California -
October 04, 2013, NeoMagic
Corporation (NMGC.PK), the pioneer of embedded memory and logic
technology, today announced a new partnership.
MercadoMagico.com has partnered with CBS Outdoor,
a division of the CBS Corporation (CBS), and one of the leading
outdoor media companies in the world to generate and strategically
deploy MercadoMagico Out Of Home (OOH) promotional ads.
MercadoMagico will be targeting the initial phase of the CBS
Outdoor OOH transit promotional ads in the greater New York
area.
Moreover, MercadoMagico has implemented Google
Shopping, a CSE (Comparison Shopping Engine), the largest and most
known comparison shopping engine. The deployment of Google Shopping
will allow MercadoMagico shoppers to compare each retailer's price,
and shipping options on a single page.
Also, to further aid potential customers in
finding the right product at the right price, MercadoMagico has
also embedded TheFind (TM), a proprietory and state-of-the-art
targeted search tool that gives every product, every sale, every
coupon and discount directly to the customer at checkout via
conventional PC platforms or a smartphone application.
From its inception MercadoMagico.com has
significantly added the numbers of sellers and buyers; and to
further accelerate its growth MercadoMagico is currently
redesigning their website to be more aesthetically appealing,
intuitive, user friendly, functional, and to provide more seller
features.
Additionally, MercadoMagico is hiring additional staff to support
its Marketing and Customer Service.
NeoMagic continues to maintain its core business
with shipments of its current product line of MiMagic3 application
processors. The Company also continues to focus on identifying new
opportunities for its MiMagic 6+ and MiMagic 3 products.
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
http://www.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
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