TEMPE, Ariz.--(Business Wire)--
Syntax-Brillian Corporation (Nasdaq:BRLC), a leading manufacturer
and marketer of LCD HDTVs, digital cameras and consumer electronics
products, today issued a statement in response to a forfeiture order
issued by the Federal Communications Commission ("FCC") concluding
that the company violated the digital television rule concerning the
importation and interstate shipment of analog televisions.
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.
About Syntax-Brillian
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.
Forward-looking Statements:
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.
Syntax-Brillian Corporation
Pattie Adams, (909) 859-8432 (Media)
pattie.adams@syntaxbrillian.com
or
Investor Relations, (909) 859-8445
investor.relations@syntaxbrillian.com
Copyright Business Wire 2008
