Press Release
SOURCE: e.Digital Corp.
e.Digital Corp. and Musical Electronics Ltd.
Announce Product Availability At Circuit City Stores
Classic XP3(TM) Portable 10 Gigabyte Capacity MP3 Encoder/Player Needs No PC
SAN DIEGO--(BUSINESS WIRE)--Dec. 3, 2001-- e.Digital Corp. (OTC:EDIG - news), a global provider of
comprehensive digital product development and designs, and Musical Electronics Ltd., a major Asian OEM manufacturer with
annual sales totaling $160 million, today announced that the first product, the Classic XP3, created under their multi-year
licensing agreement is now available on shelves at Circuit City.
The e.Digital-powered jukebox product features the ability to encode music directly from a CD player into MP3 files,
bypassing the need for a PC to perform digital compression. The Classic XP3 also features a 10 GB capacity hard disk drive
(HDD), superior sound quality and support for both MP3 and Windows Media(TM) file formats. The unit is field upgradeable
to support other popular formats as they become available. The Classic XP3 also ships with MusicMatch(TM) Jukebox
software.
Fred Falk, president and CEO of e.Digital, said, ``We are pleased that this unique product based on e.Digital's MicroOS(TM)
2.0 technology is on retail shelves in time for the holiday selling season. We believe consumers will find the Classic XP3's direct
encoding feature to be very desirable. Because the encoding is performed using a low-cost digital signal processor, the
consumer pricing is extremely competitive. Also, the Classic XP3's great sound quality, small form factor, and over eight hours
of battery life make it a superior choice for music lovers.''
About Musical Electronics Ltd.
Established in 1976, Musical Electronics Ltd. is a Hong Kong-based ISO 9002 certified company with 650,000 square feet of
vertically integrated manufacturing facilities in China. Musical manufactures and distributes a full line of ODM/OEM digital
audio, digital imaging, car navigation and telecommunication consumer electronics products. Musical's export markets are
North America and Europe.
About e.Digital
e.Digital Corp. offers an engineering partnership for the world's leading electronics companies to link portable digital devices to
PCs and the Internet. e.Digital develops and markets to consumer electronics manufacturers complete end-to-end solutions for
delivery and management of open and secure digital media with a focus on music players/recorders and portable digital voice
recorders. Engineering services range from the licensing of e.Digital's patented MicroOS(TM) file management system to
custom software and hardware development, industrial design and manufacturing services. For more information on the
company, please visit www.edig.com.
Safe Harbor statement under the Private Securities Litigation Reform of 1995: This document contains forward-looking
statements relating to future performance, technology and product development that may affect future results and the future
viability of the company. Actual results could be affected or differ materially from those projected in the forward-looking
statements as a result of risks and uncertainties, including future products and results, technological shifts, potential technical
difficulties that could delay new products, competition, general economic factors, and conditions in the markets in which the
company operates, pricing pressures, the uncertainty of market acceptance of new products and services by OEM's and
end-user customers, and other factors identified and discussed in the Company's most recent filings with the Securities and
Exchange Commission. These forward-looking statements are based on information and management's expectations as of the
date hereof. Future results may differ materially from the Company's current expectations.
Note: e.Digital and MicroOS are trademarks of e.Digital Corporation. All other company, product, and service names are the
property of their respective owners.
Contact:
e.Digital Corp., San Diego
Robert Putnam, 858/679-1504
robert@edig.com
or
Fleishman-Hillard (for e.Digital), San Diego
Bridget Stachowski, 619/237-7717
stachowb@fleishman.com |
