SEOUL, South Korea, July 4 /PRNewswire-FirstCall/ — Pixelplus Co., Ltd.
(Nasdaq: PXPL), a fabless semiconductor company in Korea that designs,
develops, and markets CMOS image sensors for various consumer electronics
applications, today announced that its financial statements for the year ended
December 31, 2007, contained in its Annual Report on Form 20-F for the year
ended December 31, 2007, as filed with the Securities and Exchange Commission
on June 30, 2008, included an audit report containing an unqualified going
concern from its independent registered public accounting firm.
This announcement is being made in compliance with Nasdaq Rule 4350(b),
which requires separate disclosure of receipt of an audit opinion that
contains unqualified or qualified going concerns. This announcement does not
represent any change or amendment to the Company’s 2007 financial statements
or its Annual Report on Form 20-F.
About Pixelplus Co., Ltd.
Pixelplus is a South Korea-based developer of high-performance, high-
resolution, and cost-effective CMOS image sensors for use primarily in mobile
camera phones. In addition to mobile phones, Pixelplus provides CMOS image
sensors and SoC solutions for use in webcams and notebook embedded cameras,
toys and games, and security and surveillance system applications.
As a fabless semiconductor company, Pixelplus is focused on creating
proprietary design technologies to develop CMOS image sensors with sharp,
colorful and enhanced image quality, size efficiency, and low power
consumption.
Contact:
Shane Y. Hong
Pixelplus Co., Ltd.
6th Floor, Gyeonggi R&DB Center
906-5 Iui-dong, Yeongtong-gu
Suwon-si, Gyeonggi-do, 443-766
Republic of Korea
+82-31-888-5300
OR
Taylor Rafferty:
London - Emilia Whitbread at +44 (0) 20 7614 2900
New York - Jessica McCormick at +1 212 889 4350
Tokyo - Jason Wagers at +81 (0) 3 3221 9513
E-mail pixelplus@taylor-rafferty.com
SOURCE Pixelplus Co., Ltd.