Lexar Media, Inc. President and CEO, John Reimer, Interviewed by CEOcast
FREMONT, Calif.--(BUSINESS WIRE)--Oct. 30, 2000--Lexar Media, Inc. (Nasdaq:LEXR - news) announced today that president and CEO, John Reimer was interviewed on CEOcast this morning. The interview can be heard online, after completion of a short registration process, at www.ceocast.com through Friday, November 3, 2000.
CEOcast invited Reimer to discuss Lexar's third quarter financial results as well as its outlook for the future. Recording a 279% increase in revenue, Lexar Media turned in the best quarter of its history. In addition to a discussion of third quarter financial results, Reimer commented on the company's competitive advantages and the digital photography industry in general.
``We believe that we are well positioned to capitalize on the growing trend of digital photography with our wide variety of digital film formats offering some of the fastest, highest-capacity cards available,'' stated Reimer. ``The desire to take pictures will never change, but the way we take pictures will and Lexar's competitive advantage is speed.''
About Lexar Media
Lexar Media is a leading designer, developer and marketer of high-performance digital film and connectivity products for the digital photography market. Lexar Media offers digital film in the four most popular industry formats: CompactFlash, Memory Stick, SmartMedia and PC Cards. Its broad line of high-performance digital film combines flash memory from leading suppliers with its patented controller technology to address the needs of professional, commercial and consumer photographers. Lexar Media's connectivity products make it easy to transfer images from their digital film to a personal computer. Lexar Media's online photofinishing site, Printroom.com, provides consumers with high quality prints of digital images and photo sharing services. Lexar Media recently launched SayCheese.com, an online community and educational site for digital photographers of all levels. Collectively, its products and services provide an end-to-end solution for digital photographers. Lexar Media is headquartered in Fremont, Calif. and has offices in England and Japan. Information on Lexar can be obtained through its toll-free number 800/789-9418 or by accessing www.digitalfilm.com.
Cautionary Note Regarding Forward-Looking Statements
This news release and the interview with Lexar's CEO cited herein contain forward-looking information, including projections about Lexar's business, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor created by those sections. These forward-looking statements include statements related to the growth of digital photography and Lexar's business. These forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those anticipated by these forward-looking statements. These risks include that Lexar has a limited operating history and operates in a new and rapidly evolving market which makes it difficult to assess its business and future prospects; Lexar has a history of losses, anticipates future losses and may never become profitable; Lexar's business will not succeed unless the digital photography market continues to grow and is accepted by professional, commercial and consumer users; Lexar must develop and maintain the strategic relationships necessary to develop, sell and market products that are commercially viable and widely accepted in order for it to grow its business and Lexar must develop and introduce on a timely basis new products and services that are commercially accepted in order to compete effectively in its market. Readers should also refer to the risk factors described in Lexar's registration statement on Form S-1 declared effective by the Securities and Exchange Commission on August 14, 2000. Lexar assumes no obligation to update the forward-looking information contained in this news release or in the interview cited herein.
Note to Editors: Lexar Media, Printroom.com, SayCheese.com and the Lexar logo are trademarks of Lexar Media, Inc. Lexar Media Inc. is an authorized licensee of the CompactFlash trademark. All other brand or product names are trademarks or registered trademarks of their respective holders. |
