Syntax-Brillian Comments on FCC Forfeiture Order
April 10 2008 - 10:49PM
Business Wire
Syntax-Brillian Corporation (Nasdaq:BRLC), a leading manufacturer
and marketer of LCD HDTVs, digital cameras and consumer electronics
products, today issued a statement in response to a forfeiture
order issued by the Federal Communications Commission (�FCC�)
concluding that the company violated the digital television rule
concerning the importation and interstate shipment of analog
televisions. As part of the order, the FCC has fined the company
$1.266 million, a reduction from the initial fine of $2.9 million
proposed in the agency�s May 2007 original Notice of Apparent
Liability. The company is disappointed with, and intends to seek
further review of, today�s action. The Commission�s investigation
focused on mid-size television models that have been discontinued
for some time. The company has replaced these models with its
next-generation Olevia LCD HDTVs with integrated digital tuners.
Syntax-Brillian emphasizes that its Olevia LCD HDTVs are 100
percent digital and have been so for nearly two years.
Syntax-Brillian has complied with the Commission�s investigation
and responded in a timely manner to all of its inquiries.
Syntax-Brillian fully supports the digital transition and will
continue to educate consumers on the evolution to digital TV. About
Syntax-Brillian Syntax-Brillian Corporation
(www.syntaxbrillian.com) is one of the world�s leading
manufacturers and marketers of LCD HDTVs, digital cameras, and
consumer electronics products. The Company�s lead products include
its Olevia(TM) brand (www.Olevia.com) high-definition widescreen
LCD televisions -- one of the fastest growing global TV brands --
and Vivitar brand (www.vivitar.com) digital still and video
cameras. Syntax-Brillian has built an Asian supply chain coupled
with an international manufacturing and distribution network to
support worldwide retail sales channels and position the Company as
a market leader in consumer digital entertainment products.
Forward-looking Statements: Certain statements contained in this
press release may be deemed to be forward-looking statements under
federal securities laws, and Syntax-Brillian intends that such
forward-looking statements be subject to the safe harbor created
thereby. Syntax-Brillian cautions that these statements are
qualified by important factors that could cause actual results to
differ materially from those reflected by the forward-looking
statements contained herein. Such factors include changes in
markets for the Company's products; changes in the market for
customers' products; the failure of the Company's products to
deliver commercially acceptable performance; the ability of the
Company's management, individually or collectively, to guide the
Company in a successful manner; and other risks detailed in
Syntax-Brillian's Annual Report on Form 10-K for the fiscal year
ended June 30, 2007 and subsequent filings with the Securities and
Exchange Commission. Brillian and Vivitar are trademarks or
registered trademarks of Syntax-Brillian Corporation. All other
trademarks are the property of their respective owners.
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