Brillian Corp.'s Auditors Expressed Going-Concern Qualification.TEMPE, Ariz. -- Brillian Corp. (Nasdaq: BRLC), a designer and developer of 720p and 1080p HDTVs based on its proprietary UltraContrast(TM) Gen II liquid-crystal-on-silicon LCoS(TM) technology, today announced that its Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the fiscal year ended 2004 includes a report from its independent auditors that contains a going-concern qualification. Nasdaq rules require a listed company listed company n → compañía cotizable listed company n → société cotée en Bourse listed company list n → to publicly announce the inclusion in its Form 10-K of an audit opinion containing a going-concern. The reason for the going-concern qualification is because the company has incurred recurring operating losses and negative cash flows since its inception. "We are continuing to take the appropriate steps to address our current financial situation and we believe we will be successful," said Wayne Pratt, Brillian's vice president and chief financial officer. About Brillian Corp. Brillian Corp. designs and develops rear-projection HDTVs targeted at high-end video/audio OEMs, high-end video/audio retailers, ProAV/CEDIA distributors, and their base of dealers and custom installers looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. breakthrough performance and image quality. The company is the first and only provider of Gen II LCoS(TM) technology used in these products. In addition to its high-definition televisions, Brillian also offers a broad line of LCoS(TM) microdisplay products and subsystems that OEMs integrate into proprietary HDTV (High Definition TV) A set of digital television (DTV) standards that offer the highest resolution and sharpest picture. Although some HDTV sets are available in standard (rather square) screen sizes, the overwhelming majority of sets are wide screen, which eliminates products, multimedia projectors, and near-to-eye products such as monocular monocular /mon·oc·u·lar/ (mon-ok´u-ler) 1. pertaining to or having only one eye. 2. having only one eyepiece, as in a microscope. mo·noc·u·lar adj. 1. and binocular binocular, small optical instrument consisting of two similar telescopes mounted on a single frame so that separate images enter each of the viewer's eyes. As with a single telescope, distant objects appear magnified, but the binocular has the additional advantage headsets. Brillian's LCoS(TM) microdisplay technologies address the market demand for a high-performance display solution with high image fidelity, high-resolution scalability, and high contrast ratios. The company's Web site is http://www.brilliancorp.com. Brillian, UltraContrast, and LCoS are trademarks or registered trademarks of Brillian Corp. All other trademarks are the property of their respective owners. |
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