NeoMagic (R) Corporation Business Update
Milpitas, California, May,29,2019 Neomagic Corporation (OTC: NMGC), today provided a business update on key strategic initiatives; Maximizing value of Core Products and Mercado Magico brand.
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NeoMagic Corporation continues to experience organic growth through its semiconductor products and sales on its MercadoMagico platform.
The Company continues to maintain its core business with shipments of its core product line of MiMagic application processors.
NeoMagic’s eCommerce division, MercadoMagico.com, has experienced a steady increase in website traffic, as well as a rise in the visit to conversion ratio, as a direct result of continuing investments and refinements to its MercadoMagico.com eCommerce site.
MercadoMagico has added a new category “China Direct”, with the addition of China Direct MercadoMagico.com customer now have access to products shipped directly from China to the United States.
The Company is now in the process of actively pursuing strategic partnerships, joint ventures and/or merger and acquisition opportunities to expand its products or technology offering. The Company's goal is to continue to focus on identifying new opportunities to monetize existing MiMagic family products, to facilitate its ability to return to full-time financial reporting.
For more information, please contact Investor Relations at IR@neomagic.com
NeoMagic Corporation, headquartered in Silicon Valley, a pioneer in SOC (System On A Chip) and embedded dynamic random-access-memory (DRAM) technology, the integration of complex logic, memory and analog circuits into single-chip solutions, designed to offer the lowest power, smallest form-factor and best multimedia features and performance.
For me information, visit www.neomagic.com.
Neomagic owns and operates MercadoMagico.com
MercadoMagico is a registered trademark.
Safe Harbor Statemeent
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.