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PRESS RELEASE: Syntax-Brillian Corp. Announces Intention To Sell Vivitar
Vivitar Excluded From Syntax-Brillian's Chapter 11 Filing; Continues to Conduct Business as Usual
TEMPE, Ariz., Jul 08 -- Syntax-Brillian Corp., a leading manufacturer and marketer of LCD HDTVs, digital cameras and consumer electronics products, has announced that it has initiated a process for the sale of Vivitar, the Company's brand of digital still and video cameras. The sale process will occur separately from Syntax-Brillian's Chapter 11 filing has announced. Vivitar is excluded from the Chapter 11 filing and continues to conduct business as usual.
Syntax-Brillian has appointed KPMG Corporate Finance LLC to advise in the sale process.
The Co. will have no further comment until the completion of the sale process.
Parties interested in pursuing a transaction with Vivitar should contact: firstname.lastname@example.org.
Syntax-Brillian Corp. (http://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 brand (http://www.Olevia.com) high-definition widescreen LCD televisions -- one of the fastest growing global TV brands -- and Vivitar brand (http://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 Co. as a market leader in consumer digital entertainment products.
(First posted on Wednesday, July 9, 2008 at 16:20 EDT)