DVS Announces New DVD Loaders and Booming Demand for Its Products; $15 Million Orders Received For Delivery Through September; 50% Backed by Payment Guarantees.MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--June 23, 1999-- Digital Video Systems, Inc. (Nasdaq:DVIDC) announced that the Company's new loader products, model DSL-600A and DSL-600J, have been approved by 20 customers including major DVD player OEM's in China and Taiwan. The DSL-600A supports the ATAPI (AT Attachment Packet Interface) The specification for ATA (IDE) tape drives and CD-ROMs. See IDE. ATAPI - AT Attachment Packet Interface interface and the DSL-600J supports the I(2)S interface. These new generation loaders are capable of reading DVD DVD: see digital versatile disc. DVD in full digital video disc or digital versatile disc Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology. discs and a variety of CD discs such as Video-CD, Super VCD See Video CD. VCD - Video Compact Disc , CD-R (CD-Recordable) A writable CD technology using a type of compact disc that can be recorded, but not erased (CD-Rs are "write once" discs). CD-R discs are used to master CD-ROMs, to back up data and to make copies of data for distribution. , CD-RW (CD-ReWritable) The only rewritable CD technology. CD-RW disks look like other CD media, but with close inspection, they have a more polished surface with a very dark blue-gray cast. & CD-Audio discs. These loaders also offer long-life and durability because data are read from the disc with a laser, without physical contact with the disc. DVS also announced that purchase orders received to date for delivery through September 1999 have reached US$15 million. Furthermore, 50% of these orders are supported by payment guarantees such as irrevocable letters of credit. In addition to the DVD-ROM DVD-ROM: see digital versatile disc. A read-only DVD disc used to permanently store data files. DVD-ROM discs are widely used to distribute large software applications that exceed the capacity of a CD-ROM disc. drive business, DVS expects that the loader products will be a major business area for the Company. Supported by the funding from OPLI since late 1998, DVS has been developing the loader products in cooperation with strategic partners in the MPEG decoder chipset market. As a result of active marketing and field engineering with potential DVD player OEM customers beginning in March 1999, the DVS loader product sales have dramatically increased in the second quarter of 1999. DVS' CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Mali Kuo said, "This exciting development in engineering, marketing, and sales is the result of strategic planning, hard work, and cooperation between DVS' U.S. headquarters and its Korea operations. I am very pleased to see the Company working as one integrated team to achieve this accomplishment." ABOUT DVS Digital Video Systems, Inc. is a technology company specializing in the development and application of Digital Versatile Disc digital versatile disc or digital video disc (DVD), a small plastic disc used for the storage of digital data. The successor media to the compact disc (CD), a DVD can have as much as 26 times the storage capacity of a CD. (DVD) and related technologies. The Company develops and markets DVD-ROM drives, DVD Intelligent Loaders, DVD players including subassemblies and components, Video on Demand Network products and CD based Video Engine products for the consumer products, commercial video and computer peripherals markets. Also under development is the DVD Video Engine product line. Established in 1992, DVS is a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. headquartered in Mountain View, Calif., with a branch office in Taiwan and subsidiaries in Hong Kong, Bermuda, South Korea, and China. DVS is a trademark of Digital Video Systems, Inc. This release contains forward-looking statements within the meaning of the "safe harbor" provisions of the private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 that involve various risks and uncertainties, including, without limitation, statements with respect to DVS' strategy, proposed sales of DVS' products, markets, and the development of DVS' products. DVS' actual results may differ materially from those described in those forward-looking statements due to a number of factors, including, but not limited to, risks of competition and the enforceability of DVS' patents and other intellectual property rights, risks relating to the development and market acceptance of DVS' products, and risks related to planned rapid growth of the DVS' business and the conduct of business by DVS in foreign countries, which factors and others described in documents that DVS files from time to time with the Securities and Exchange Commission, including the Company's Form 10-QSBA dated January 18, 1999 and Form 10-QSB dated February 23, 1999. For more information on DVS' products, email to info@dvsystems.com, call 650/564-9699 or visit: www.dvsystems.com. |
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