This news is 3.75 years old lol Last time Mr ToMaSELLo spoke publicly--he must be hiding embarrassed somewhere--he got punked on this.
Investor Relations Information:
Rod Peterson
NeoMagic Corporation
Vice President, Administration and Information
(408) 428
-
9725
N
EO
M
AGIC
(R)
C
OR
PORATION SIGNED
LOI
WITH A
L
ATIN
A
MERICAN
INVESTORS
GROUP
(“LAIG”
)
TO LAUNCH
M
ERCADO
M
AGI
CO
.
COM E
-
COMMERCE SITES IN
V
ENEZUELA
,
P
ERU AND
C
OLUMBIA
.
S
an Jose, California
–
March 18
, 2013
,
MercadoMagico.com, a division of NeoMagic
Corporation (Pink: NMGC
), today announced
it has
signed
a
Letter of Intent (LOI)
with
a Latin
American
Investors
Group
(“LAIG”
)
le
d by Gustavo Rodriguez
,
to launch MercadoMagico
e
-
commerce sites in Venezuela, Peru and Columbia
(
www.mercadomagico.com.ve
,
www.mercadomagico.com.co
,
www.mercadomagico.com.pe
)
. The
se
three
sites will be operated
and maintained by
(“LAIG”
)
and MercadoMagico.com US will provide
guidance and support
.
All these sites including the US main site
www.MercadoMagico.com
,
will provide links to eac
h
other
and
work in collaboration
.
"We are very excited with this engagement and are looking forward to build
ing
a
solid e
-
commerce platform
and ecosystem
internationally
,
and
e
xpanding
MercadoMagico
business and
name brand," said David Tomasello, Chairman of NeoMagic Corporation. He continued, "This
will be our first
and
significant
step in the
fast growing
Latin on
-
line
and e
-
commerce
market
outside of the United States
."
Ne
oMagic
ow
ns
MercadoMagico
domains that are available for
further expansion
in
Latin markets
including Europe and other countries of Latin America.
Since the launch of
the
multi
-
vendor
site
,
Merc
adoMagico.com
ha
s
significantly
increased the
number of product categories, signed several new
vendors and the list is growing.
MercadoMagico.com
now
offers thousands of products
,
that also
include
unique and
competitivel
y priced
items
.
MercadoMagico.com
is offering free
vendor sign
up
and has
improved several of its e
-
commerce
tools for Sales Report generation views, Sales tracking, Powerful
S
earch
E
ngine and mu
