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 Corp (MM) (NASDAQ:BRLC)
Historical Stock Chart
From May 2024 to May 2024 Click Here for more Syntax-Brillian Corp (MM) Charts.
Syntax-Brillian Corp (MM) (NASDAQ:BRLC)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Syntax-Brillian Corp (MM) Charts.