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Technology Stocks : ESST-the new beginning.

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To: SemiBull who wrote (3455)4/29/2003 7:15:00 PM
From: SemiBull  Read Replies (1) of 3493
 
Alfred J. Stein Joins ESS Technology's Board of Directors

Tuesday April 29, 8:03 am ET

FREMONT, Calif., April 29 /PRNewswire-FirstCall/ -- ESS Technology, Inc. today announced that Alfred J. Stein has joined its board of directors, effective April 26, 2003.
Alfred J. Stein is an independent consultant to technology companies and has spent more than 45 years in the semiconductor industry. Previously, Mr. Stein has served as chairman of the board and chief executive officer of VLSI Technology, chief executive officer of Arrow Electronics, vice president and assistant general manager of Motorola's Semiconductor Sector, and as vice president and general manager for the Electronics Devices Division of Texas Instruments.

"Al Stein has held leadership positions in some of the world's best-known semiconductor companies and brings an incredible wealth of knowledge to ESS," said Fred Chan, ESS's chairman. "In addition, Al is a well-known and highly respected business leader in Silicon Valley. His depth of experience will be an asset in our efforts to build on our current market position in the emerging, high-growth digital media marketplace."

"ESS is pleased to have a person of Mr. Stein's stature join our board of directors," added Robert L. Blair, president and chief executive officer. "He has played an important role in building our industry, and with his knowledge and experience, will be a key resource and asset for both our board and the management team at ESS Technology."

"ESS has real opportunities in the high-growth digital media industry," commented Mr. Stein. "Furthermore, ESS has a strong and committed team that is focused on growing the company and building shareholder value. I look forward to contributing to the company in any way I can."

Mr. Stein also serves on the boards of Radio Shack Corporation, Advanced Power Technology, Electronics Boutique and several private start-up companies. Mr. Stein holds a B.S. degree in physics from St. Mary's University of Texas and an M.S. degree in mathematics from Southern Methodist University.

About ESS Technology

ESS Technology, Inc. is a leading supplier of high-performance, feature-packed chips for the rapidly expanding DVD and digital entertainment markets. The company is also a leading provider of solutions for application in the growing consumer entertainment market. ESS provides advanced products that enable the emergence of digital home systems that deliver and manage entertainment and information in the home.

ESS, headquartered in Fremont, Calif., has R&D, sales and technical support offices worldwide. ESS Technology's common stock is traded on the Nasdaq under the symbol ESST. ESS's web site address is: www.esstech.com.

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Source: ESS Technology, Inc.
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