Am holding EDIG for the long term. Just got this email from Investor Relations. Looks like all systems are go!!
Subj: Re: EDIG
Date: 8/4/99 9:49:51 AM Pacific Daylight Time
From: wendy@edig.com (Wendy Ravenel)
To: BTobar@aol.com
CC: Robert@edig.com
Thank you for writing. I cannot predict what the stock price will or will
not do, but I am happy to provide a summary of the company's current business:
The company is in a better position now than it has been for the last 2-3
years because of the business we do with Lanier Worldwide, Inc., a $1.6
billion subsidiary of Harris Corp. Shipments to Lanier of the Cquence
Mobile digital recorder and docking station began in mid June 1999 and were
announced June 15. This is an extremely important milestone for EDIG.
This begins fulfillment of Lanier's initial purchase order for over $3
million, which is expected to cover their first five months of needs based
on their sales forecasts. The current contract between e.Digital and
Lanier goes through December 2001. There is also the potential of
developing additional products or enhancements for Lanier.
e.Digital has secured an agreement with Intel Corp. wherein e.Digital will
develop and deliver a number of prototype digital voice recorders which
Intel will then market to Intel's OEM customers. Interested parties will
be referred back to e.Digital for licensing, design and manufacturing
services as needed. Although the value of this initial contract is under
$1 million, the potential for future business could be much larger.
e.Digital is currently working with Lucent Technologies to market a
portable, secure Internet music player design to potential licensees. The
product uses Lucent's EPAC music compression software, which includes
watermarking and security technology to prevent the illegal copy and
distribution of music files downloaded from the Internet. It also uses
e.Digital's patented MicroOS(TM) operating system to manage the files and
allow users to easily record, insert, delete and edit the music files.
e.Digital and Lucent are co-marketing the design including all its options
to potential licensees and negotiations are under way. We cannot disclose
the details of negotiations, but will release news as details become
publicly available. It will be up to licensees of the secure Internet music
player design to determine the launch schedule for the finished product.
As is the case with most OEM products, the licensees will also select the
desired feature set, color or colors, packaging, and retail price for the
finished product, which they will then market to end users.
I hope this information is helpful to you.
Best regards,
Wendy Ravenel
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