CyberHome Announces Revised Deadline for Sale of Consumer Electronics Brand
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SAN DIEGO, Jan. 22 /PRNewswire/ -- Responding to bidders' requests, the
bankruptcy trustee of CyberHome Entertainment Inc. has agreed to revise the
deadline for submitting offers for the CyberHome brand package to February 25,
2008.
Once the largest consumer electronics brand in its category by volume
sales, CyberHome was named "best seller" by Amazon.com and other retailers.
Over a hundred million LCD televisions, personal media players, home theater
systems and DVD players were sold annually under the CyberHome brand. The
brand is well known for dependable and affordable consumer electronics devices
in the US, Canada, Europe, South America, Asia and the Middle East.
Additionally, the CyberHome brand enjoys strong protection under trademarks
filed in fifty seven countries, and is accompanied by the venerable
cyberhome.com domain name.
Following a royalty dispute, CyberHome Entertainment Inc. was forced to
file for bankruptcy. The "CyberHome" brand, the company's most prized asset,
is available for acquisition.
"We are excited about the CyberHome brand, as it will allow its new owner
immediate recognition among many millions of consumers around the globe.
CyberHome Entertainment took its brand equity very seriously and has invested
heavily in advertising and promoting the CyberHome brand, as well as in
protecting it. The result is a brand that is well recognized for dependable
and affordable consumer electronics in many countries worldwide, including the
United States, Canada, Mexico, Germany, the United Kingdom, France, Italy,
Austria, Belgium, Switzerland, Poland, the Czech Republic, Romania, Lithuania,
Brazil, Argentina, Australia, Japan and India. This is an excellent
opportunity for a company to own a brand that allows for immediate recognition
and access to consumers," said Brian Sagi, Chief Executive Officer of Cerian
Technology Venture, LLC, the intellectual property advisory firm which is
assisting the trustee with the sale of the brand. More information about the
CyberHome brand and its sale is available at http://www.cyberhome.com and by
contacting cyberhome@cerian.com .
ABOUT CERIAN: Cerian Technology Ventures, LLC is an advisory firm focused
on maximizing the value of technology transactions in mergers, acquisitions,
intellectual-property sales, and licensing deals. Cerian has crafted
transactions in the telecommunication equipment, software, semiconductors,
storage, and medical device industries. With a broad client base ranging from
startup companies to the Fortune 500, Cerian is recognized as an industry
leader in technology based transactions. http://www.cerian.com
SOURCE Cerian Technology Ventures, LLC
Cerian Technology Ventures, LLC, +1-858-769-6308
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