New Visual Corporation Announces Name Change and New Ticker Symbol Are Effective
Monday September 19, 6:00 am ET
Broadband Chip Developer Becomes Rim Semiconductor Company
PORTLAND, Ore.--(BUSINESS WIRE)--Sept. 19, 2005--New Visual Corporation (OTCBB:RSMI - News), an emerging provider of semiconductors to the broadband telecommunications industry, today announces that it has become Rim Semiconductor Company. As a result of the name change, effective with the opening of the market on Monday, September 19, the Company's common stock now trades on the OTC Bulletin Board under the symbol RSMI.
Rim Semiconductor's flagship technology, the Embarq(TM) family of transport processors, will enable ordinary telephone lines to operate at speeds that are ten to two hundred times faster than most telephone lines operate today. This 100 Mbps performance will empower telephone companies to offer high-definition video on demand to its customers, in addition to the high-speed internet and voice services that they offer today. Rim Semiconductor projects that it will bring Embarq(TM) to market in December 2005.
"The whole team at Rim Semiconductor is very pleased to announce our new identity," stated Brad Ketch, president and chief executive officer of Rim Semiconductor Company. "Our new name and a new ticker symbol symbolizes the progress that we have made. Going forward, an investment in RSMI means a 'pure-play' investment in improving the delivery of broadband multimedia into the homes and small businesses of the world."
About Rim Semiconductor Company
Based in Portland, Rim Semiconductor is a late-development-stage fabless communications semiconductor company. It is developing an advanced technology that allows data to be transmitted at greater speed and across extended distances over existing copper wire. For more information, visit www.rimsemi.com.
With the exception of historical information contained in this press release, this press release may include "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, including but not limited to the following: product development difficulties; market demand and acceptance of products; the impact of changing economic conditions; business conditions in the Internet and telecommunications industries; reliance on third parties, including potential suppliers, licensors, and licensees; the impact of competitors and their products; risks concerning future technology; and other factors detailed in this press release and in the company's Securities and Exchange Commission filings. Rim Semiconductor is under no obligation to revise or update any forward looking statement in order to reflect events or circumstances that may arise in the future.
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Contact:
Rim Semiconductor Company
Brad Ketch, 503-257-6700
info@rimsemi.com
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Source: Rim Semiconductor Company |
