Replies to post #64058 on e.Digital Corporation (fka EDIG)

[gearjammer36]

FF.. Why don't you accept this?

http://www.edigital.com/newsDetail.php?id=61

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02/02/04
e.DIGITAL CORPORATION AND TGE GROUP ANNOUNCE LICENSING AGREEMENT

e.Digital to Develop Several Digital Audio Products for TGE Group and their Global Customer Base

(San Diego, California – February 2, 2004) – e.Digital Corporation (OTC: EDIG) today announced that it has entered into a royalty bearing license agreement with Tai Guen Enterprise Co. LTD (TGE Group). Under the licensing agreement, e.Digital will develop several audio products based on its proprietary MicroOS™-enabled Personal Audio technology platform for international original equipment and design manufacturing, branding, and distribution by TGE Group and its global customer base.

TGE Group, an Asian-based multi-billion dollar OEM/ODM, is a leading global supplier of fully featured, cost effective consumer electronic products and technology. The audio products being developed by e.Digital for TGE Group and their customers will include a variety of high capacity, cost effective disk drive storage solutions including the Cornice Storage Element.

“e.Digital is achieving growing industry recognition through our highly flexible MicroOS-based technology platforms,” said Fred Falk, e.Digital’s president and CEO. “We are very happy to be partnering with one of the world’s largest original equipment and design manufacturers of portable digital audio products. We look forward to a mutually beneficial and profitable relationship.”

“TGE Group is committed to providing our global customers quality, cutting-edge audio products at competitive prices,” commented Meson Lee, IA Division General Manager of TGE Group. “e.Digital’s dynamic personal digital audio platform enables us to offer new lines of audio products featuring the latest in high capacity storage solutions.”

About e.Digital Corporation: e.Digital Corporation partners with leading original equipment manufacturers (OEMs) licensing, designing and providing manufacturing services for OEM-branded digital video, digital audio and wireless products based on the Company’s proprietary MicroOS™-enabled technology platforms. e.Digital specializes in the delivery and management of open and secure digital content through it’s Personal Video, Personal Audio, Automotive, and Wireless technology platforms. e.Digital’s services include the licensing of the Company’s MicroOS™, custom software and hardware development, industrial design, and manufacturing services through the Company’s manufacturing partners. For more information about e.Digital and its technology platforms, please visit the company website at www.edigital.com.

About TGE Group: Tai Guen Enterprise Co. Ltd., (TGE Group) is a Taiwanese capital, China based company specializing in high-tech OEM/ODM business, developing and manufacturing an extensive range of consumer electronics, computer peripheral and information application products. TGE Group also has grown with the development of the Internet and with the need for timely and effective network security and communications technology. TGE Group has a strong market share in China as well as an extensive international network of distributors. TGE Group exports to over 10 countries with 40% of its business in international markets and 60% in China. TGE Group recorded revenue of 2 billion dollars in fiscal year 2002. For more information about TGE Group, please visit the company website at www.tgegroup.com.

Safe Harbor statement under the Private Securities Litigation Reform of 1995: All statements made in this document, other than statements of historical fact, are forward-looking statements. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the businesses of the Company and the industries and markets in which the company operates. Those statements are not guarantees of future performance and involve risks, uncertainties and assumptions that will be difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or implied by those forward-looking statements. More information about potential factors that could affect the Company can be found in its most recent Form 10-K, Form 10-Q and other reports and statements filed by e.Digital Corporation with the Securities and Exchange Commission (“SEC”). e.Digital Corporation disclaims any intent or obligation to update those forward-looking statements, except as otherwise specifically stated by it.

CONTACT:
e.Digital: Jo Ann Platt, [phone], [e-mail]

[hollywoodhills]

FF...I too do not know how to perceive the silence...Other than a couple of new airlines signing on since Alaska...The only real news that has been released since the CES has been the Fusion deal...Probably no money comming in on that deal for at least six months other than some engineering fees. Falk himself has stated that last CES was the best ever for edig...And in his Dec. letter has also stated they are only persueing "HOME RUN DEALS"..Personally...I would like to know where all these home runs are....Heck I'll take a bunch of base hits (like the Fusion deal)...But...getting back to the silence...this reminds me of the six months leading into the 2002 SHM when the silence was actually because there was not one speck of good news to be had...But...in fact during that time period, with the help of Collier, Falk and friends almost put the company out of their misery by loosing millions.. while for the most part of that time period..Falk was actually giving guidance of a multi million dollar quarter.. My worry now is that with the PPS hanging at two bits and the daily volume avaraging less shares than I personally own also speaks on what is happening with edig...No matter how tight lipped people in the know are, and no matter how iron clad NDAs are....Someone always knows SOMETHING...There does not even seem to be mild accumulation at this point...

Mark

[emit]

You have got to be kidding, right.

get real -

''I think we all would agree that the business prospects we are aware of wont be enough to do it.''

e