NeoMagic Corporation (NMGC)

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NeoMagic (R) Corporation Announces eCommerce Expansion to Mexico

MILPITAS, CALIFORNIA / ACCESSWIRE / September 25, 2017 / MercadoMagico.com, a division of NeoMagic Corporation (OTC PINK:NMGC), announced today that it has launched its online retail e-Commerce, MercadoMagico.com.mx, a Spanish-language website, in Mexico as part of its continued strategy to become a leading e-Commerce marketplace among the Hispanic and Latino communities in the United States and internationally.

MercadoMagico.com.mx will allow customers in Mexico access to thousands of unique products from a wide range of categories, while providing the same great savings and secure shopping experience MercadoMagico.com customers have grown to know.

Not just an online store, MercadoMagico.com.mx is a multivendor marketplace that provides sellers with a secure and seamless platform which provides an intuitive front-end and seller rich management functionalities for them to sell their products.

Research recently published by eshopworld indicates, "Revenue generated by e-Commerce in Mexico is expected to grow annually at a rate of 16.57%, reaching bUSD 17.6 by 2020. Online shopping currently represents 2% of the country's roughly $203 billion in annual retail sales, representing a huge opportunity as Mexicans have only begun to adopt e-Commerce. There are currently 37.9 million online shoppers in Mexico—a figure that is projected to reach 55.3 million by 2020."

"We are very excited to expand into Mexico," said David Tomasello, Chairman of NeoMagic Corporation. "The expansion of MercadoMagico into Mexico is a major milestone in our strategic plan for MercadoMagico to become a major global brand in the e-Commerce space."

About NeoMagic

NeoMagic Corporation, headquartered in Silicon Valley, is a pioneer in SOC (System On A Chip) and embedded dynamic random-access-memory (DRAM) technology, the integration of complex logic, memory and analog circuits into single-chip solutions, designed to offer the lowest power, smallest form-factor and best multimedia features and performance.

For more information, visit www.neomagic.com.

NeoMagic owns and operates http://www.MercadoMagico.com.

MercadoMagico is a registered trademark.