MGV Press Release (Philips Velo)

MGV International, Inc.

NEWS RELEASE
FOR IMMEDIATE RELEASE

Contact:
Tee Nguyen
MGV Memory
(800) 440-4648
tnguyen@mgvgroup.com

MGV FIRST TO OFFER MINIATURE DRAM CARDS FOR PHILIPS VELO HANDHELD COMPUTER

IRVINE, Calif., Sept. 4, 1997 -- To support the growing handheld computer market, MGV has introduced a line of miniature DRAM memory cards for the Philips Velo 1 handheld personal computer. The company is the first to offer this enhancement for the Velo product family.

The Velo 1 is a Windows CE-based compact computer which operates a variety of powerful applications. It comes pre-loaded with the industry’s latest software including Pocket Word, Pocket Excel, Pocket Internet Explorer, a contact management program, an inbox for faxing and e-mail access and a database information storage system. The AA-battery-powered system also features Velo Voice Memo which records up to 16 minutes of dictation with the standard 2-MB model. The addition of MGV’s new DRAM cards allows users to record up to 4.5 hours of dictation. The handheld computer features a 19.2-Kbps fax modem for Internet access, e-mail and direct fax. The Velo 1 also can be configured for wireless messaging and paging services.

"MGV’s new miniature DRAM cards enhance the productivity of Velo users," said Steve Recek, director of product development. "The memory cards expand the Velo’s functionality by allowing consumers to support more applications with additional memory while on the road. Handheld computer users can now take advantage of all the features enjoyed by the rest of the portable computing population."

According to Marc Ganouna, MGV’s president and chief executive officer, the company is expanding its memory module line to include products for hand-held computers to meet the increasing user demand for greater access to applications while away from the office.

"The miniature DRAM card product offering is part of our long-term strategy to remain on the forefront of technological development and supply users with memory enhancements to the market’s hottest new computing products," Ganouna said.

The miniature DRAM card family includes four 3.3-volt models which feature EDO RAM. MGV’s memory upgrade card also is compatible with future generations of the Velo product line. Manufacturer’s suggested retail price (MSRP) for the DRAM line are listed below:

MGV Miniature DRAM Card
Size     MGV Part   MSRP
4MB    G04MDEDO   $49.99
8MB    G08MDEDO   $199.00
16MB  G16MDEDO    Under Development

MGV is a worldwide supplier of high-quality PC Card and memory upgrade products for notebooks, desktop computers, workstations, servers, printers and a wide range of consumer electronics. The company’s products are designed and manufactured at its ISO 9001-certified manufacturing facility in Huntsville, Ala. MGV products are available through resellers, distributors and at more than 1,500 retail outlets including office product superstores, consumer electronics chains and mass merchants. The company also distributes its PC Card and memory products to a variety of computer companies through OEM agreements.

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Philips Electronics is either a registered trademark or trademark of Philips Electronics in the United States and/or other countries. Microsoft and Windows are either registered trademarks or trademarks of Microsoft Corp. in the United States and/or other counties. Other trade names are trademarks or registered trademarks of their respective holders.

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