Syntax-Brillian Comments on FCC Forfeiture Order.
As part of the order, the FCC has fined the company $1.266 million, a reduction from the initial fine of $2.9 million proposed in the agency's May 2007 original Notice of Apparent Liability.
The company is disappointed with, and intends to seek further review of, today's action.
The Commission's investigation focused on mid-size television models that have been discontinued for some time. The company has replaced these models with its next-generation Olevia LCD HDTVs with integrated digital tuners. Syntax-Brillian emphasizes that its Olevia LCD HDTVs are 100 percent digital and have been so for nearly two years.
Syntax-Brillian has complied with the Commission's investigation and responded in a timely manner to all of its inquiries.
Syntax-Brillian fully supports the digital transition and will continue to educate consumers on the evolution to digital TV.
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 Commission.
Brillian and Vivitar are trademarks or registered trademarks of Syntax-Brillian Corporation. All other trademarks are the property of their respective owners.
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|Date:||Apr 11, 2008|
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