Syntax-Brillian Corporation Announces Intention To Sell Vivitar
July 08 2008 - 2:46AM
Business Wire
Syntax-Brillian Corporation (NASDAQ:BRLC), a leading manufacturer
and marketer of LCD HDTVs, digital cameras, and consumer
electronics products, announced today that it has initiated a
process for the sale of Vivitar, the Company�s brand of digital
still and video cameras. The sale process will occur separately
from Syntax-Brillian's Chapter 11 filing announced today. Vivitar
is excluded from the Chapter 11 filing and continues to conduct
business as usual. Syntax�Brillian has appointed KPMG Corporate
Finance LLC to advise in the sale process. The Company will have no
further comment until the completion of the sale process. Parties
interested in pursuing a transaction with Vivitar should contact:
lbeers@kpmg.com About Syntax-Brillian Corporation: 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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