NMGC Neomagic Corp (MM)

SANTA ANA and SANTA CLARA, Calif., May 16 /PRNewswire-FirstCall/ -- ExaDigm, Inc., the leading innovator of wired and wireless point-of-sale (POS) terminal solutions, today announced that, as a result of the recent Class A certifications of its products, it is ramping up production of its line of point-of-sale terminals based on a NeoMagic processor. The top ranking Class A certifications awarded by Chase Paymentech Solutions, LLC and Heartland Payment Systems are a significant milestone as it ensures merchants using ExaDigm terminals with the highest level of technical support. The entire ExaDigm product line features the MiMagic processor from NeoMagic Corporation, a pioneer in low power multimedia processors. This chip is a highly integrated ARM-based processor, which offers a wide range of interfaces, including a Smart Card interface, high performance and very low power consumption, making it an ideal choice for ExaDigm. The Linux operating system makes the terminal a cost effective and flexible solution. "We are excited about the success of our POS terminals in the market, as demonstrated by the Class A certifications and the endorsements we received this year from key customers," stated Andrey Tikhonov, CTO of ExaDigm. "Our customers told us they were impressed by the ExaDigm terminal's modular design that provided them with a high degree of implementation flexibility. The MiMagic processor has been a key enabler of that success and we are very happy to ramp up our production to meet the growing market demand with the support of NeoMagic." ExaDigm's family of payment solutions includes the XD1000, XD2000 and XD2100SP countertop and mobile payment terminals. These products are PC-based, fully modular payment terminals featuring industry-first technology innovations including interchangeable communication modules that eliminate the need to support multiple same-functionality terminals from one manufacturer. The Linux operating system makes changing technologies fast and easy, ensuring that obsolescence and subsequent swap-out programs are a thing of the past. "I am pleased to see our customer, ExaDigm, ramping up production with this leading edge solution," said Douglas Young, President and CEO of NeoMagic Corporation, "and we are committed to continuing our support in this next phase of our cooperation. We are happy to enable this flexible solution in the POS terminal market." About NeoMagic NeoMagic Corporation (NASDAQ:NMGC) delivers semiconductor chips and software that enable new multimedia features for handheld devices. These solutions offer low power consumption, small form-factor and high performance processing. The Company demonstrated one of the first solutions used for H.264 video decoding in a mobile digital TV phone, and is developing and delivering solutions for audio/video processing of the dominant mobile digital TV standards, including ISDB-T, T-DMB and DVB-H. For its complete system solution, NeoMagic delivers a suite of middleware and sample applications for imaging, video and audio functionality, and provides multiple operating system ports with customized drivers for the MiMagic product family. NeoMagic has a strong patent portfolio that covers NeoMagic's proprietary array processing and other technology. Information on the Company may be found at http://www.neomagic.com/. NeoMagic and the NeoMagic circle logo are registered trademarks, and MiMagic and NeoMobileTV are trademarks, 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. About ExaDigm, Inc. ExaDigm is the leading innovator of modular IP-based wired and wireless point-of-sale (POS) terminal solutions. Through a detailed understanding of the technology, wireless and point-of-sale industries, as well as through extensive relationships with financial institutions, ISOs, and transaction processors, ExaDigm provides innovative technology-focused solutions enabling businesses worldwide to expand revenues, reduce costs and boost productivity. Founded in 2000, ExaDigm is headquartered in Santa Ana, California, with operations around the globe. For more information, visit http://www.exadigm.com/. Safe Harbor Statement for NeoMagic This press release contains forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, including the anticipated ramp-up in production of our customer's products,. These forward-looking statements reflect current expectations. However, actual events and results could vary significantly based on a variety of factors, including but not limited to end customer acceptance of our customer's products, the market acceptance of POS terminals developed and marketed by this customer using NeoMagic's products and the timely availability of sufficient manufacturing capacity at NeoMagic's foundry to meet future customer demand for products. There is no certainty that customer forecasts will be accurate. Customers may cancel or delay their production plans or switch to other vendors. In addition, customers may fail to achieve their expected sales objectives due to competitive or other reasons resulting in excess or obsolete inventory requiring write-downs and charges to cost of revenue. Additional risks that could affect NeoMagic's future operating results are more fully described in our most recent annual report and other filings with the United States Securities and Exchange Commission (SEC), and are 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. (Logo: http://www.newscom.com/cgi-bin/prnh/20020802/NMGCLOGO) http://www.newscom.com/cgi-bin/prnh/20020802/NMGCLOGO http://photoarchive.ap.org/ DATASOURCE: ExaDigm, Inc.; NeoMagic Corporation CONTACT: Scott Holt, Senior Vice President of Marketing of ExaDigm, Inc., +1-949-271-3967; or Pierre-Yves Couteau, Vice President of Marketing of NeoMagic Corporation, +1-408-988-7020 Web site: http://www.neomagic.com/ http://www.exadigm.com/

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