Sorrell Introduces Integrated Movie Player with MP3 and GPS Navigation
Written by Sorrell
Wednesday, 07 December 2005
SEOUL, South Korea-- Dec. 7, 2005--Sorell Inc. (OTCBB:SLLI) announced today its latest digital convergence product - the NF1. Sorell's new mobile multi media device is equipped with 1Gigabyte flash memory and 2.2 inch screen.
It is one of the world's first models which can play movie files, MP3 music files and allow the user to navigate using a fully functional GPS. The NF1 is highly portable and rugged making it very functional for use in cars, boats or for any other outdoor activity. The NF1 has a state-of the-art 260,000 color TFT display which plays perfect movie files and gives the GPS screen a resolution unparalleled in the market.
Mr. Koo, CEO of Sorell stated "We continue to launch new products such as the NF1 which are based on Sorell's strong integration technology. The NF1 will be a remarkable product in the "next generation" mobile multi media device market. Our company is striving to make all our products faster, smarter and smaller. We believe we are already a world leader in the mobile multi media device market and the introduction of the NF1 will only enhance our reputation." Mr. Koo also added that the company has had an excellent response by distributors and fully expects to land some significant contracts.
Sorell is in the business of manufacturing, research and development and sales of consumer electronics. Sorell's product line includes MP3 players, MP3 CD Players, Portable Media Players ("PMP") players, mobile cameras and other devices.
Sorell was established in October 1998 as a divestiture from Samsung Electronics. Sorell has grown substantially since its inception. Sales were $10 million in exports in 2002, $30 million in 2003 and over $100 million in 2004.
Certain information and statements included in this release are intended to constitute "forward-looking statements" within the meaning of the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied in such forward-looking statements.
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