Sorell Reports Strong Support for New GPS Device at CeBit Show; Company Expects to Expand European Market.SEOUL, South Korea -- Sorell, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :SLLI), a world leader in the mobile multi-media device market, announced today that it received a strong response at the recent CeBit Show in Hanover, Germany. CeBit is considered the consumer electronics industry's top event in Europe, where each year more than half a million visitors attend to discover and learn about the latest trends, innovations and products in the industry. "The response we received to our product line was quite good," said Mr. Bon Kwan Koo, 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. of Sorell. "Our new GPS device, the NF1, was one of the highlights of the show, as well as Portable Media Players (PMP See point-to-multipoint and portable media player. PMP - Portable Media Player ) and MP3 players. We anticipate receiving a number of new orders as a result of the response from those attending the show." Sorell expects that it will expand its presence in the European market this year with the introduction of its NF1, a highly portable and rugged next generation mobile multi media device market. This digital convergence In the days of the first computers, transaction and company data were the first types of information digitized. Then came text, opening the world to word processing, followed by audio CDs and finally video. product is equipped with 1 Gigabyte flash memory and 2.2 inch screen. It is one of the world's first models that can play movie titles, MP3 music files and allow the user to navigate using a fully functional GPS. The NF1 has state-of-the-art 260,000 color TFT (Thin Film Transistor) The term typically refers to active matrix screens on laptop computers. Active matrix LCD provides a sharper screen display and broader viewing angle than does passive matrix. See LCD and thin film. TFT - Thin Film transistor display that plays movie files and gives the GPOS GPOS Geographical Position GPos General Positioning LLC screen a resolution unparalleled in the market. Sorell recently announced an agreement with Audiovox to sell the NF1 in the US. This followed the announcement of an $18 million (US) contract with ANUBIS Electronic GmbH, of Germany and a $10.9 million (US) contract with Changhong of China for the NF1. Sorell is in the business of manufacturing, research and development and sales of consumer electronics. Sorrel's product line includes MP3 players, MP3 CD A CD-ROM that contains audio files in the MP3 format. Starting in the early 2000s, auto and home CD players began to support the MP3 format along with regular music CD tracks (CD-DA format). MP3 CD players let users burn a CD-R that holds about 10 times as many titles as the CD-DA format. players, Portable Media Players (PMP), mobile cameras and other devices (http://www.sorell.co.kr/eng/products/main.php). Certain information and statements included in this release constitute "forward looking statements" within the meaning 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. Such forward-looking statements involve known and unknown risks and uncertainties and other factors which may cause the actual results, performance, or achievements of the company to be materially different from any future results, performance or achievements expressed or implied in such forward-looking statements. A full discussion of these risk factors can be found in the company's 10K and 10Q filings with the SEC. |
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