Vivitar Excluded From Syntax-Brillian's Chapter 11 Filing; Continues to Conduct Business as UsualTEMPE, 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
About Syntax-Brillian Corporation:
Syntax-Brillian Corporation (www.syntaxbrillian.com) 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 (www.Olevia.com) high-definition
widescreen LCD televisions -- one of the fastest growing global TV
brands -- and Vivitar brand (www.vivitar.com) 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.
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
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
Kal Goldberg or Hannah Sloane, 212-850-5600
Sarah Brown, 415-293-4428