TEMPE, Ariz.--(BUSINESS WIRE)--Nov. 21, 2006--Syntax-Brillian
Corporation (Nasdaq:BRLC), a manufacturer and marketer of LCD and
LCoS(TM) HDTVs and digital entertainment products, today announced
that it has completed its acquisition of Vivitar Corporation, an
Oxnard, California-based leader in the design, development and
marketing of photographic, optical, electronic and digital imaging
products.
As noted in a press release of October 30, 2006, the acquisition
gives Syntax-Brillian full ownership over all Vivitar assets and the
company's significant intellectual property portfolio. Vivitar will be
operated as a wholly owned subsidiary of Syntax-Brillian.
By consolidating shared resources, contract manufacturing
relationships, engineering expertise and distribution channels, the
acquisition of Vivitar is expected to produce significant economic and
logistical advantages for Syntax-Brillian.
Vivitar is a leading manufacturer and marketer of photography
equipment and optics, including a range of high-quality, affordable
digital cameras, film cameras, lenses, flashes and tripods, sports
optics and digital imaging products. The company has a diverse
portfolio of intellectual property assets and patents and maintains a
variety of international distribution channels in the U.S., France,
the United Kingdom and Hong Kong.
Syntax-Brillian expects to leverage Vivitar's existing
distribution channels to create new outlets, notably in Europe, for
its LCD televisions as well as any new Olevia or co-branded digital
entertainment products that the company may develop.
About Syntax-Brillian Corporation
Syntax-Brillian Corporation (www.syntaxbrillian.com) is one of the
world's leading manufacturers and marketers of LCD and LCoS(TM) HDTVs
and digital entertainment products. The company's lead products
include its Olevia brand (www.olevia.com) of widescreen HDTV-ready and
HD-built-in LCD TVs -- one of the fastest growing global TV brands --
and its Gen II LCoS(TM) 720p and 1080p rear-projection HDTVs for the
high-end video/audio market. Syntax-Brillian's global supply chain,
Asian operations and North American sales channels position the
company as a market leader in consumer and high-end HDTV and digital
entertainment products.
Brillian and LCoS are trademarks or registered trademarks of
Syntax-Brillian Corporation. All other trademarks are the property of
their respective owners.
About Vivitar Corporation
Vivitar Corporation, a leading manufacturer of both digital and
film cameras, hosts a complete line of photographic products,
including digital cameras, 35mm zoom cameras, point-and-shoot cameras,
auto-focus cameras, 35mm SLR cameras, manual and automatic lenses,
flashes, binoculars, projectors, and camera accessories.
Vivitar has an extensive line of affordable digital cameras
ranging from entry-level VGA cameras to eight-megapixel digital
cameras with zoom optics. The Vivicam series of digital cameras is one
of the broadest product lines of digital cameras on the market today,
spanning the spectrum of interest from novice through the serious
amateur digital photographer.
Vivitar Corporation is based in the United States with offices in
Hong Kong, the UK, France and Canada. Vivitar products are distributed
worldwide through a wide variety of stores, merchants and dealers.
Vivitar products are found in specialty stores, photo stores, mass
merchants, drug store chains, warehouse superstores and on the
Internet.
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. Such forward-looking
statements include but are not limited to statements regarding the
anticipated benefits to be derived from the acquisition mentioned
herein. 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: (a) changes in markets for the
company's products; (b) changes in the market for customers' products;
(c) the failure of the company's products to deliver commercially
acceptable performance; (d) the ability of the company's management,
individually or collectively, to guide the company in a successful
manner; and (e) other risks as detailed in Syntax-Brillian's Annual
Report on Form 10-K for the fiscal year ended June 30, 2006, and
subsequent filings with the Securities and Exchange Commission.
CONTACT: Syntax-Brillian Corporation
Wayne Pratt, Chief Financial Officer, 602-389-8789
wayne.pratt@syntaxbrillian.com
SOURCE: Syntax-Brillian Corporation