Syntax-Brillian Corp (MM) (NASDAQ:BRLC)
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From Jun 2019 to Jun 2024
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.