SANTA CLARA, Calif., Aug. 18 /PRNewswire-FirstCall/ -- NeoMagic
Corporation (Nasdaq: NMGC), a pioneer in developing mobile multimedia
solutions, today announced the appointment of David Tomasello to its Board of
Directors, effective as of August 15, 2008.
Mr. Tomasello has been the managing partner of Attiva Capital, an
independent investment firm, since October 2006; and, a director of Bluestone
Financial, an independent investment firm, since February 2008. He has been a
member of the board of directors of WorldGate Communications, Inc., a leading
provider of personal video phones and related technology, since May 2007. Mr.
Tomasello has also been a member of the board of directors and the audit
committee of Corimon S.A.C.A., a diversified manufacturer and distributor of
packaging materials, chemicals and paint in Venezuela, since 2005. In
addition, Mr. Tomasello has been a member of the board of directors of
Fininvest S.A., a Venezuelan commercial and residential real estate developer,
since 2003. He is a graduate of Boston University with a BS/BA degree in
finance.
"We are delighted to have David join our board of directors," said Douglas
R. Young, President and CEO of NeoMagic Corporation. "He has significant
business relationships in the Americas and Europe and has been very active in
fund-raising activities as well as assisting in growing the market share of
the companies with which he has been involved. His contribution will be key
to NeoMagic and we welcome him to the board."
The Tomasello group (consisting of Mr. Antonio Tomasello, David
Tomasello's father, and Bluestone Financial LTD) is currently a major
shareholder of NeoMagic's common stock, beneficially owning approximately
5.4% of the outstanding shares. David Tomasello has the authority to vote or
direct the vote of such shares.
About NeoMagic
NeoMagic Corporation delivers semiconductor chips and software that enable
new multimedia features for handheld devices. These solutions offer low power
consumption, small form-factor and high performance processing. The Company
demonstrated one of the first solutions used for H.264 video decoding in a
mobile digital TV phone, and is developing and delivering solutions for
audio/video processing of the dominant mobile digital TV standards, including
CMMB, ISDB-T, T-DMB and DVB-H. For its complete system solution, NeoMagic
delivers a suite of middleware and sample applications for imaging, video and
audio functionality, and provides multiple operating system ports with
customized drivers for the MiMagic product family. NeoMagic has a strong
patent portfolio that covers NeoMagic's proprietary array processing and other
technology. Information on the Company may be found at
http://www.neomagic.com.
NeoMagic and the NeoMagic circle logo are registered trademarks, and
MiMagic and NeoMobileTV are trademarks of NeoMagic Corporation. All other
trademarks are the property of their respective owners. NeoMagic disclaims
any proprietary interest in the marks and names of others.
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SOURCE NeoMagic Corporation