Contact:
Soo Chung Patterson
408-955-7783
soo@televideo.com
TeleVideo Celebrates its 25th Anniversary
SAN JOSE - May 15, 2000 - TeleVideo, Inc. (OTC BB:TELV) today announces its Silver anniversary with 25 years of success since May 15, 1975. TeleVideo, is a publicly held company specializing in the development and manufacturing of thin-client Windows®-based terminals, Internet appliances and text display terminals.
"With over 25 years of experience in designing, manufacturing and marketing thin-client Windows®-based terminals, Internet appliances and video display products, TeleVideo provides everyday solutions in network computing," said Dr. Philip Hwang, Chairman and CEO of TeleVideo. "For 25 years we have grown, struggled and overcome many challenges and obstacles, and with theses invaluable experiences, we will continue to lead into the next millennium." Synonymous with value, experience and performance, TeleVideo products continue to capture today the attention of corporate enterprise, education, government, and consumer markets.
About TeleVideo Inc.
Founded in 1975, TeleVideo, Inc. is a pioneer in network computing. The company provides innovative, high-performance thin-clients, Internet appliances and text-terminals to business and consumer markets. The company first became a leader in the video display terminal industry by introducing a new generation of "smart" terminals based on the Intel microprocessor at a time when dumb terminals were the industry standard. Today, the company is utilizing its expertise in server based network computing to forge new ground in delivering thin client and Internet technology solutions. With over 3 million installed based of text terminals, CRT monitors and multimedia products, TeleVideo has the experience and resources to capitalize on this new and exciting technology. For more information, visit http"//www.televideo.com.
PRODUCTS
TeleCLIENT™, Thin-Client Windows®-Based Terminals
The TeleCLIENT TC7005, TC7100 and TC7300 series are "Powered by Microsoft Windows CE" operating systems. The TeleCLIENT product line represents the fastest, high-performance Windows-based terminals, and are accelerated by a powerful 233 MHz Media GXm™ processor from National Semiconductor®. The TeleCLIENT TC7005 is a stand-alone thin-client designed to work with many existing CRT and LCD displays. The TeleCLIENT TC7100 series are integrated with TeleVideo's award winning, high quality 15 and 17 inch CRT monitors, respectively. The TeleCLIENT TC7300 series of thin-clients represents the current state of technology with a sleek, attractive design all integrated into a crisp, clear 14 and 15 inch TFT LCD displays. The TeleCLIENT's innovative and functional architecture provides an ideal migration path for character-based terminals and PCs.
iTelePC® iT2000
TeleVideo's iT2000 is the company's first Internet Appliance to be introduced to market. "Powered by Microsoft Windows CE," the iT2000 comes loaded with Internet Explorer 4.0, a fast 233 MHz processor, 32MG RAM and a 15 inch integrated crisp and clear CRT monitor. Built with a fast 56K modem, and featuring true "plug and play" capabilities, the iT2000 allows users to surf the Web, send emails and experience the Internet without the complications and headaches of traditional PCs.
DR. K. PHILIP HWANG, CHAIRMAN AND CHIEF EXECUTIVE OFFICER
Dr. Hwang founded TeleVideo in 1975 after holding senior engineering and management positions with General instruments, NCR, Burroughs and the Ford Motor Company. With more than 25 years of high tech experience, Dr. Hwang is responsible for the overall direction and performance of the company, and oversees product research and development, marketing, sales, investor relations and finance. Dr. Hwang was appointed by President Bush's administration to a membership on the High Resolution Information System Advisory Board and continues to hold that position today for President Clinton's administration.
The statements in this news release may be considered ``forward-looking statements'' within the meaning of the Private Securities Litigation Reform Act of 1995 and involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to be materially different from any future performance suggested in this news release. Such factors include, but are not limited to, actual and potential competition, risks associated with consolidation in the industry and general and economic conditions, and the need to manage with consolidation in the industry and general and economic conditions, and including without limitation, its Annual Report on Form 10-K for the fiscal year ended October 31, 1999, in which these and other risks are discussed. For more information, please refer to TeleVideo's filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof. TeleVideo undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
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