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Microcap & Penny Stocks : edig (e.Digital ) -- Ignore unavailable to you. Want to Upgrade?

To: Savant who wrote (595)	12/3/2001 4:43:18 PM
From: Starlight	Read Replies (2) \| Respond to of 1644

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