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Technology Stocks : Eiger Technology (OTC-BB ETIFF) -- Ignore unavailable to you. Want to Upgrade?

To: Dan Hamilton who wrote (38)	10/30/2000 10:01:44 AM
From: Dan Hamilton	Read Replies (1) \| Respond to of 67

More news last week. Compaq has agreed to let their name be used as one of Eiger's customers. Certainly good for credibility... Eiger technology announces further expansion into audio entertainment with Compaq 08:55 EDT Friday, October 27, 2000 TORONTO, Oct. 27 /PRNewswire/ - Eiger Technology Inc., (TSE: AXA; OTC BB: ETIFF), one of North America's leading computer and telecommunications equipment manufacturers, announced today that its Digital Audio Player project for Compaq has resulted in a successful production at Eiger's South Korean plant. This project was a collaboration with electronics giant Samsung Electron Device. Eiger President and CEO Gerry Racicot stated, "The Compaq iPac PA-1 Digital Audio Player is now flowing smoothly off our production lines. Estimated production value will, we believe, be about US$15 million in the first production year, which commenced the beginning of August. "It is a beautiful product and I am sure it will prove extremely popular. It will certainly complement the MP3 player we produce for Samsung." Eiger already produces the world's smallest portable MP3 player. It is estimated that the market for MP3 players will reach US6.3 billion by 2002/2003. "We are operating on a broad opportunity front, but it is highly focused and adjustable as to changing market forces. We believe our business models are nimble and keep us at the forefront of profitability and shareholder value." said Racicot. Eiger currently is experiencing a revenue growth rate of 500+% per annum. Eiger Technology Inc. is headquartered in Toronto, Ontario. Through its facilities in South Korea, New Jersey and California, Eiger manufactures and distributes electronic and computer peripherals such as 56K fax/modems, MP3 players and DSL modems to OEM and consumer markets worldwide. Eiger also owns 25% of Nixxo Technologies. Nixxo is a GSM chipset and operating system design company based in California. The GSM cellular market represents 65% of the world cellular phone market with growth rates of over 30% a year. Eiger is a publicly traded company listed on the Toronto Stock Exchange (symbol: AXA). Visit Eiger Technology Inc's web site at www.eigertechnology.com The management of the company who take full responsibility for its content, prepared this press release. The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. SOURCE Eiger Technology, Inc.