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| News Discuss Vivitar to be sold off as parent company files for bankruptcy...Syntax-Brillian Corporation Announces Intention To Sell Vivitar Vivitar Excluded From Syntax-Brillian's Chapter 11 Filing; Continues to Conduct Business as Usual ... |
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Pixalo Crew
Join Date: Jun 2006
Location: Dunstable Bedfordshire UK
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Vivitar to be sold off as parent company files for bankruptcy
Syntax-Brillian Corporation Announces Intention To Sell Vivitar
Vivitar Excluded From Syntax-Brillian's Chapter 11 Filing; Continues to Conduct Business as Usual TEMPE, Ariz., Jul 08, 2008 (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 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 Olevia High Definition Televisions - HDTV - high-definition widescreen LCD televisions -- one of the fastest growing global TV brands -- and Vivitar brand 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. SOURCE: Syntax-Brillian Corporation
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