Euroweb Makes Announcement.BEVERLY HILLS Beverly Hills, city (1990 pop. 31,971), Los Angeles co., S Calif., completely surrounded by the city of Los Angeles; inc. 1914. The largely residential city is home to many motion-picture and television personalities. , Calif. -- Micrologic, Inc. a Nevada corporation A Nevada Corporation is a corporation chartered under the laws of the U.S. state of Nevada. Nevada, like the state of Delaware (See Delaware corporation), is well known as a corporate haven. and Electronic Design Automation (EDA (1) (Electronic Design Automation) Using the computer to design, lay out, verify and simulate the performance of electronic circuits on a chip or printed circuit board. ) startup, a proposed joint venture to be partially owned by Euroweb International Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : EWEB EWEB Eugene Water and Electric Board (Oregon) ) ("Euroweb"), today announced the beginning of its official operation. Euroweb and Dr. Danny Rittman are presently finalizing the definitive agreements pursuant to which Euroweb provides funding of up to $1m to Micrologic and Dr. Rittman licenses the use of certain technology owned by Dr. Rittman to Micrologic. There is no guarantee that such agreements will be entered. Micrologic's main objective is to provide efficient, accurate and high-speed nanometer solutions to significantly reduce time to market factor. Micrologic's roadmap is focused on providing a comprehensive tools suite that addresses nanometer issues. In order to successfully get deep nanometer-scale designs to market, semiconductor companies must address a growing array of challenges. Physical effects become much more troublesome at these smaller geometries. Issues like electromigration, self heat, voltage drop, signal cross-coupling and noise interact to stretch design cycles and force re-spins. Micrologic recognizes these challenges and is developing solutions to achieve first-time right nanometer design. Micrologic's products will focus on next generation nanometer solutions. They will enable Integrated Circuit design houses to break through their tribulations by providing nanometer analysis and correction, enabling the chip's accurate functionality and ensuring timely tape outs. Micrologic's management team includes major key players in the semiconductor and EDA industries. Yossi Attia, Euroweb 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. stated: "We believe that Micrologic's experience will pave the way to the successful development of what the company set out to do. We will dedicate the effort and the resources of our company to turn this venture into a leading EDA platform technology." About Euroweb International Corp. Euroweb International owns and operates an IT outsourcing company in Hungary through its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Navigator Informatika Rt. and is currently developing opportunities in the real estate industry through its wholly-owned subsidiary, EWEB RE Corp., a Nevada corporation, and in other areas through various joint ventures. Euroweb's common stock is traded on the Nasdaq Capital Market Originally called the NASDAQ Small Cap Market, NASDAQ announced a name change to the NASDAQ Capital Market on September 27, 2005. [1] The NASDAQ Capital Market exists for securities of smaller, less-capitalized companies (small caps) that do not qualify for under the symbol "EWEB". For more information about the Company go to: www.euroweb-international.com. About Micrologic, Inc. Micrologic, Inc., a Nevada corporation, was incorporated for the design and production of EDA applications and Integrated Circuit ("IC") design processes; specifically, the development and production of the specific tools suite which shortens the time to market factor. The tools designed for a smart platform that is designed to accelerate IC's design time and shrink time to market factor. IC design firms will have the capability to produce more IC's in less time. "SAFE HARBOR Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. STATEMENT" UNDER 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 This press release contains forward-looking statements that involve risks and uncertainties. The statements in this Release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause Euroweb International Corp's actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions. |
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