OJsys, Inc. Successfully Completes Product Development With Samsung Electronics
Monday September 10, 9:00 am ET
SAN FRANCISCO, CA--(MARKET WIRE)--Sep 10, 2007 -- OJsys, Inc. (Other OTC:OJSY.PK - News) announced today that its wholly owned NTN, Inc. subsidiary successfully completed its co-development with Samsung Electronics Co., Ltd., a world leader in digital technology, of operating software for Samsung's digital camera.
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The newly developed software gives the digital camera a scroll menu, multi-layered picture viewing, and the ability to edit moving pictures. The digital camera operating software joins OJSY's Satellite TV set-top box as the second product co-designed by OJsys and Samsung.
Samsung, based in Korea, is one of the largest electronics companies in the world, and is a leader in digital convergence. Samsung's products include mobile phones, home entertainment devices, home appliances, computer devices and more. Their annual revenue is in the tens of billions of dollars, with 75,000 employees and a sales network covering more than 47 countries.
Henri Joubaud, CEO of OJsys, said, "We are excited that Samsung chose OJsys to help develop this software. We are being rewarded for the consistent development of our technology and attention to detail. We look forward to more development deals with Samsung and other electronics manufacturers in the future."
About OJsys, Inc.:
OJsys, Inc. (Other OTC:OJSY.PK - News), established in April of 2000, develops and manufactures various broadcasting receivers/Set-top Boxes, i.e. satellite receiver, terrestrial receiver, IP set-top boxes, receiver-plus-DVD-RW combos, etc., and media center PC devices including satellite receivers and digital recording (PVR) functions. OJsys markets its products to Europe, Japan, the Middle East, Asia and the United States. More information is available at www.OJsys.net.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which are subject to the safe harbors created thereby. These forward-looking statements are based on current expectations and projections about future events and financial trends. The words or phrases "believe," "will," "expect," "should" and similar words or expressions are intended to identify forward-looking statements. In addition, any statements that refer to expectations or other characterizations of future events or circumstances are forward-looking statements. The forward-looking statements are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements, including, among other things, a concentration in the Company's revenue from certain services and clients, a limited backlog, the Company's ability to expand its markets, limited financial resources, dependence on key personnel, the integration of acquired businesses and competitive market conditions. These are representative of factors which could affect the outcome of the forward-looking statements. In addition, such statements could be affected by general industry and market conditions and growth rates, general domestic and international economic conditions and future incidents of terrorism or other events that may negatively impact the markets in which the Company competes. The Company undertakes no obligation to publicly update or revise any forward-looking statements because of new information, future events or otherwise.
Contact:
Contact:
Paul DeRiso
paul@coreconsultingroup.com
Tele: (925) 465-6088