IT-Review

Global-Tech Appliances' Flat Panel LCD TVs to Be Marketed under the Yahoo! Brand

Global-Tech Appliances Inc. today announced that its wholly owned subsidiary, Global Display Limited, has made its initial shipment of flat panel high-definition liquid crystal display televisions (LCD TVs).

John C.K. Sham, President and Chief Executive Officer, said: "Recently, we announced the receipt of purchase orders for our 17" and 30" flat panel high-definition LCD TVs. Today, we are pleased to announce the initial shipment on those orders of our Home Touch 17" flat panel high-definition LCD TV to a customer in the United States, who plans to market them under the Yahoo! brand. We believe this initial shipment is a positive step toward achieving our goal of diversifying and expanding our business to include the manufacture and marketing of display products."

Mr. Sham continued, "The innovative and proprietary design of our Home Touch system has been the key to successfully marketing and launching our flat panel high-definition LCD TVs. In the coming months, we expect to ship our 30" version to the same customer."

Mr. Sham concluded, "While flat panel high-definition LCD TVs are our first foray into the display business, we are also focusing our efforts and dedicating resources to expand into other markets that require cost effective, high-quality display products. We are currently working to complete other versions of flat panel high-definition LCD TVs and larger models incorporating plasma displays, which we expect to introduce in the near future."

Source: press relese

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