Entry into a Material Definitive Agreement. On November 27, , we entered into a Royalty Agreement the "Royalty Agreement" with South China House of Technology Consultants Ltd. Under the terms of the Royalty Agreement, we agreed to grant Olevia Far East an exclusive license to distribute, source components for, manufacture, market, and sell our televisions and monitors bearing the Olevia trademark from Taiwan to the defined territory of the Republic of China and Hong Kong. In exchange for the license, Olevia Far East will pay us a royalty of three percent of the total sales price of all such licensed goods, net of taxes, duties, or similar charges.
SCHOT will be responsible for managing the royalty calculations and collecting any royalty fees on our behalf, which are payable on a quarterly basis. Olevia Far East further agrees to pay for all costs associated with the distribution, sale, and manufacture of these licensed goods and to comply with our quality standards and specifications.
The term of the Royalty Agreement is two years. This description of the Royalty Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Royalty Agreement which is filed herewith as Exhibit Item 9. Financial Statements and Exhibits. Exhibit Number Der Auftrag so QPC für die BrightLase Laser Technologie kommt von einen Internationalen Hersteller für den Heimelektronik Markt.
Der Auftrag läuft über 3 Jahre und hat ein Volumen von 11 Millionen Dollar. Mit dieser Vereinbarung so Dr. The Company further disclosed that it was experiencing trouble securing sufficient supplies of panels, it did not have adequate financing to meet demand, and was experiencing difficulty in collecting its receivables in a prompt manner. As detailed in the complaint, BRLC insiders, however, faired far better than public stockholders. As a result of the dissemination of the false and misleading statements set forth in the complaint, the market price of BRLC securities was artificially inflated during the Class Period.
In ignorance of the false and misleading nature of the statements described above, and the deceptive and manipulative devices and contrivances employed by said defendants, plaintiffs and the other members of the Class relied, to their detriment, on the integrity of the market price of BRLC securities. Had plaintiffs and the other members of the Class known the truth, they would not have purchased said common stock, or would not have purchased them at the inflated prices that were paid.
The case name is styled The Nagel Family Trust v. Syntax-Brillian Corporation, et al. If you purchased BLRC securities during the Class Period, you may request that the Court appoint you as lead plaintiff by January 15, A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. You may retain Wolf Haldenstein, or other counsel of your choice, to serve as your counsel in this action. Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country.
The firm has approximately 70 attorneys in various practice areas; and offices in Chicago, New York City, San Diego, and West Palm Beach. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation. Nespole, Esq. All e-mail correspondence should make reference to BRLC. Gustavo Bruckner, Esq.
Derek Behnke classmember whafh. Gadgets We Crave Jaw-Dropping HDTV Bargains Michael Patrick Brady Good preparation is the key to finding a stellar television that's still reasonably affordable. Shoppers who try to buy without first doing some research are in for a real challenge as they try to differentiate between dozens of seemingly identical HDTVs and their wildly disparate price tags.
There are a few simple things a consumer can keep in mind to make it easier to find a excellent yet affordable HDTV. Know the ideal technology for the size.
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For televisions measuring 46 inches or less, the crisp, finely detailed LCDs offer the best performance for the cost. This allows shoppers to get the most suitable technology for the size range while also saving some money. Plasmas are less expensive than LCDs in general, and a better buy in the to inch range, where the high-quality contrast and wide viewing angle offer a more cinematic experience.
The value of these affordable plasmas is a clear advantage over the capable yet more expensive LCDs. Over 60 inches is where consumers should strongly consider DLP, or digital light processor technology. These sets aren't thin like LCDs or plasmas. DLP depths range between 10 and 15 inches. But they are much less expensive--and thereby a great option--for shoppers who want a huge screen without racking up a massive credit-card bill.
Mitsubishi's other-otc: MSBHY - news - people inch WD and Samsung's inch HL-TS are both inexpensive options for consumers craving oversized entertainment. Michael Patrick Brady is editor of [urlDigitalAdvisor. It operates product commentaries and answers questions on a range of consumer electronics, including digital cameras, camcorders and high-definition televisions.
Syntax-Brillian Comments on CompUSA Sale Monday December 10, pm ET TEMPE, Ariz. In addition, the ongoing ramp of exciting new retail partnerships such as Target in , have created additional shelf space for our products in the U. NasdaqGM:BRLC - News securities between May 1, and September 13, The case is styled as Tsirekidze v.
Syntax-Brillian Corp. The Complaint charges that Syntax-Brillian Corp. Throughout , up to late August , the Company and defendants have been issuing a series of increasing bullish statements about the Company's sales and revenues and prospects and also selling stock on two occasions May and August in the midst of the bullish revenue and profit guidance statements. Purchasers of Syntax-Brillian securities between May 1, and September 13, who wish to serve as lead plaintiff must file a motion with the Court by January 15, Any member of the purported class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.
Shareholder Class Action Filed Against Syntax-Brillian Corp. Nasdaq: BRLC - News; "Syntax" or the "Company" from May 3, and September 12, , inclusive the "Class Period". Check, Esq. Maniskas, Esq. The Complaint charges Syntax and certain of its officers and directors with violations of the Securities Exchange Act of Syntax is engaged in designing, developing and distributing high-definition televisions, liquid crystal display and liquid crystal on silicon technologies.
More specifically, the Complaint alleges that the Company failed to disclose and misrepresented the following material adverse facts which were known to defendants or recklessly disregarded by them: 1 that the Company was suffering from severe credit constraints; 2 that the Company lacked adequate working capital to sufficiently keep pace with demand for its products; 3 that the Company had experienced increasing difficulty in collecting its outstanding receivables, particularly from its Asian distributor; 4 that the Company lacked adequate internal and financial controls; and 5 that, as a result of the foregoing, the Company's statements about its financial well- being and future business prospects were lacking in any reasonable basis when made.
On September 12, , the Company provided its business outlook for Fiscal Later on September 12, , the Company announced that its Chief Executive Officer "CFO" was resigning. Then on September 13, , the Company shocked investors when it filed its Annual Report and disclosed that it possessed a number of internal control deficiencies.
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These "material weaknesses" included the Company's controls over the inventory process, its revenue recognition process, and its income tax provision process. The Company further admitted that together these control deficiencies "result in more than a remote likelihood that a material misstatement to our annual or interim financial statements could occur and not be prevented or detected in a timely manner. As a result, the accounting firm concluded that "because of the effect of the material weaknesses," the Company "has not maintained effective internal control over financial reporting as of June 30, In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class.
Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Any member of the purported class may move the court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Is it Time For Consolidation in the TV Industry?
While the demand for digital ready flat panel TVs continues to grow, it won't always be this way. The smart companies will consolidate before they desperately need to.
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After all, who wants to be the Nortel NT or Bookham BKHM of the TV world? So, which deals make sense? One could imagine that some larger, long established, tier 1 TV makers would acquire some of the new, smaller, competitors that are significantly cutting into their market share. For example, perhaps Sony SNE is getting tired of seeing their market share being eroded by the likes of Vizio. While Vizio is technically an american company, it is well established that most of their operations are really in Taiwan.
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As it has been pointed out to me, it is unlikely that a Japanese company would attempt to acquire what is essentially a Chinese company. I understand this logic. So what about a merger of some of these U. One rumor published last week in the Arizona Republic involves Vizio and Syntax-Brillian BRLC , the makers of the Olevia TV brand. This merger makes a lot of sense from many perspectives.
Syntax-Brillian only sells LCD TVs at this time whereas Vizio also offers a line of plasma TVs. In fact, plasma is where Vizio shines. I have never personally been impressed by the image quality of their LCD TVs and they don't have the best ratings. Syntax-Brillian, on the other hand, makes award winning LCD TVs and I have always personally liked their image quality.
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So, a product offering of Olevia LCD TVs and Vizio plasma TVs would be quite a nice combination. I would have to say that, in the area of design and quality, Syntax-Brillian brings a lot to the table. In the area of sales and marketing, Vizio seems to be stronger. Again, good synergy. One area where this new company would fall short is with name recognition in North America. While Olevia and Vizio are gaining in popularity, those names still don't carry the weight of Sony or Toshiba.