SAN JOSE, Calif., June 21 /PRNewswire-FirstCall/ -- NeoMagic
Corporation (Pink Sheets: NMGC), a pioneer in developing mobile
multimedia solutions and WorldGate (OTC Bulletin Board: WGAT) a
leading provider of innovative, IP multimedia telephony services,
today announced the signing of an agreement for NeoMagic to sell
WorldGate digital phone and video service, including WorldGate's
"Ojo® Vision" video phone.
"We are excited about the opportunities WorldGate presents to
NeoMagic and our customers," said Syed
Zaidi, NeoMagic Corporation's President and Chief Executive
Officer. "Their pioneering turn-key digital voice and video phone
service is complementary with NeoMagic's mission to provide our
customers' with complete system solutions. We look forward to begin
selling WorldGate's digital phone and video service."
"WorldGate's goal is to be the leader in providing consumer
IP-based video telephony solutions," said George E. Daddis, Jr., CEO of WorldGate. "By
working with NeoMagic, we believe we can accelerate the delivery of
our ground-breaking telephony solutions to the consumer base. We
are excited to work with NeoMagic in delivering our solution to
market."
NeoMagic will make available to consumers the innovative
technology of the "Ojo® Vision" video phone and NeoMagic will
provide a portal on their website for customers to link to
WorldGate video phones and service.
About WorldGate
Founded in 1996, WorldGate is a leading provider of digital
voice and video phone services and next generation video phones
that unite the lives of people in an effortless and affordable way
using advanced software, networking and video technologies.
WorldGate's unique combination of functional design, advanced
technology and innovative use of IP broadband networks brings
stunning, next generation communication to life. In addition to
offering the latest in video technology, WorldGate provides a
turn-key communication services platform and complete back-end
support services with best-in-class customer service. As a result,
WorldGate brings family, friends and business associates closer
together through an entirely new way to experience personal
communication. For more information, please visit www.wgate.com and
www.wgatephone.com .
About NeoMagic
NeoMagic designs and delivers consumer electronic device
solutions with semiconductors and software offering exciting new
product functionality for Video, TV, Imaging, Graphics, and Audio.
We provide low cost, innovative multimedia chip technology for
tomorrow's entertainment and communication needs. Our capabilities
give our partners and their customers' high quality answers to
excite and enhance the consumer's lifestyle.
Safe Harbor Statement
This press release contains forward-looking statements within
the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. These statements include
statements about our future product development, strategic
partnerships, marketing efforts and growth. These forward-looking
statements reflect current expectations. However, actual events and
results could vary significantly based on a variety of factors,
including our need for additional funding for our operations, the
ability to locate and hire qualified personnel, the inability to
reach agreement with strategic partners on a timely basis and on
acceptable terms, changes in competitive conditions and market
acceptance of our new products and technologies. Additional risks
and uncertainties are discussed in NeoMagic's most recent annual
report on Form 10-K for the year ended January 31, 2010, filed on May 17, 2010, filed with the United States
Securities and Exchange Commission (SEC), which is available online
at http://www.sec.gov. NeoMagic may, from time to
time, make additional written or oral forward-looking statements,
including statements contained in filings with the SEC and reports
to shareholders. NeoMagic does not undertake the obligation to
update any forward-looking statements that may be made by or on
behalf of the Company, except as may be required by law.
NeoMagic is a registered trademark of NeoMagic Corporation. All
other trademarks are the property of their respective owners.
NeoMagic disclaims any proprietary interest in the marks and names
of others.
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SOURCE NeoMagic Corporation
