Investor Relations Information:
Vice President, Information and Administration
Milpitas, California, July 26, 2019 - NeoMagic Corporation (OTC: NMGC) 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 continuous investments and refinements to its MercadoMagico.com eCommerce site. This upward trend has been particularly noticeable with our Mexico site, MercadoMagico.com.mx, as a result of increased name credibility and recognition.
MercadoMagico is making mealtime easier for busy families with the introduction of its a new product line of Meal Starters Kits. With these new Meal Starters kits, MercadoMagico intends to provide a convenient way for families to have quick, nutritious and low-prepare meal options.
Further, MercadoMagico has successfully aligned itself with one of China’s largest suppliers. With the addition of the new category, China Direct, MercadoMagico.com customers now have access to a wider range of quality and cost-competitive products shipped directly from China to the United States. The new China Direct offering will bring electronics, toys, cell phones, virtual reality headsets, 3D printers, home decor, apparel and much more to the MercadoMagico platform.
"The introduction of China Direct is MercadoMagico's first step into becoming a global eCommerce platform. We invite other Chinese manufacturers and distributors to open an account on MercadoMagico.com," said David Tomasello, Chairman of NeoMagic Corporation.
The Company's goal is to continue to focus on identifying new opportunities to monetize existing MiMagic family products and increase revenues of its MercadoMagico brand by extending it to new geographical locations, 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 more information, visit www.NeoMagic.com.
NeoMagic owns and operates MercadoMagico.com
MercadoMagico is a registered trademark.
Safe Harbor Statement
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.