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Technology Stocks : e.Digital Corporation(EDIG) - Embedded Digital Technology -- Ignore unavailable to you. Want to Upgrade?

To: Pete who wrote (6141)	6/28/1999 11:50:00 PM
From: $Mogul	Respond to of 18366

FOR IMMEDIATE RELEASE E.DIGITAL CORPORATION RECEIVES $3 MILLION EQUITY INVESTMENT (SAN DIEGO, CA, June 28, 1999) - e.Digital Corporation (OTC: EDIG) announced today that a single institutional investor has made a $3 million equity investment in the company. The transaction was facilitated by New York based Jesup & Lamont Securities Corporation. "This investment strengthens our financial stature with OEM partners," said Fred Falk, president and CEO of e.Digital. "We are positioned to take advantage of new opportunities in the rapidly growing handheld device markets for voice, music, and data, and have enhanced our engineering and technical talent to support emerging relationships." Falk continued, "Because of our inclusion as an inaugural member of the IBM-sponsored VoiceTIMES alliance and our OEM relationships with Lanier Worldwide, Intel Corporation and Lucent Technologies, we have tremendously increased our visibility and new business opportunities. Based on fulfilling our initial $3 million purchase order from Lanier, and projects underway with Intel and Lucent, we expect financial results for fiscal year 2000 to improve significantly." e.Digital Corporation offers an engineering partnership for the world's leading electronics companies to link portable digital devices to PCs and the Internet. Engineering services range from the licensing of e.Digital's multi-patented MicroOS(TM) file management system to custom software and hardware development, design and manufacturing services. For more information on the company, visit www.edig.com. ### Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements relating to future performance, technology and product development that may impact on 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 risk factors such as: future products and results; technological shifts; potential technical difficulties that could delay new products; competition; general economic conditions in the markets in which the company operates; the ability of the company, its customers, and suppliers to become Year 2000 compliant; pricing pressures; and the uncertainty of market acceptance of new products by OEM's and end-user customers. *Note to Editors: IBM and VoiceTIMES are trademarks of IBM Corporation. Other company, product, and service names are the property of their respective owners. FOR FURTHER INFORMATION, CONTACT: Robert Putnam or Wendy Ravenel 619-679-1504 robert@edig.com or wendy@edig.com _____________________________________________________ Wendy Ravenel Investor Relations/Public Relations e.Digital Corporation 13114 Evening Creek Drive South San Diego, CA 92127 (619)679-1504 PHO (619)486-3922 FAX edig.com investor@edig.com