EXHIBIT 99.1

Syntax Brillian Corporation Reports Fourth-Quarter and Full Year Financial Results

Record Revenue, Increased Gross Margins, and a Swing to Profitability Are among the Milestones Achieved During Fiscal 2007

TEMPE, Ariz.--(BUSINESS WIRE)--Sept. 12, 2007--Syntax-Brillian Corporation (Nasdaq:BRLC), a leading designer, developer, and distributor of LCD and LCoS(TM) HDTVs and digital imaging products, today announced financial results for its fiscal 2007 fourth quarter and full year ended June 30, 2007.

For the quarter ended June 30, 2007, Syntax-Brillian reported revenue of $205.3 million, up 243% from revenue of $59.8 million in the year-ago quarter. Full year revenue was $697.6 million, up 261% from revenue of $193.0 million for the year ended June 30, 2006.

Net income in accordance with U.S. generally accepted accounting principles, or GAAP, for the quarter was $8.4 million compared with a net loss of $5.5 million for the fourth quarter of fiscal 2006. GAAP net income for the year ended June 30, 2007 was $29.8 million compared with a net loss of $18.9 million for the previous year.

GAAP diluted net income per share was $0.11 for the fourth quarter of fiscal 2007 compared with a diluted net loss per share of $0.11 for the fourth quarter of fiscal 2006. Full year diluted net income per share was $0.48 compared with a diluted net loss per share of $0.46 for the fiscal year ended June 30, 2006.

Adjusted EBITDA (as discussed below) for the fourth quarter of fiscal 2007 was $26.3 million compared with negative $580,000 for the fourth quarter of fiscal 2006. Adjusted EBITDA for the year ended June 30, 2007 was $75.6 million compared with negative $131,000 for the prior year.

"We are extremely pleased with the company's performance for fiscal 2007," said Vincent F. Sollitto, Jr., Chairman and CEO of Syntax-Brillian. "The Olevia brand enjoys an outstanding reputation in performance and quality, and demand continues to exceed our sourcing capabilities. In addition, the response to the Vivitar founding sponsorship at the O2, an entertainment complex near the financial district in London, promises to increase demand and profitability of our digital camera products, especially in Europe. Unit shipments in the fourth-quarter exceeded our expectations as we experienced strong sell-through in our U.S. channels, aided in part by new retail partners as well as continued acceptance of the Olevia brand by consumers."

Consolidated gross margins of 20.2% for the quarter ended June 30, 2007 represented an 800 basis point improvement from the fourth quarter of fiscal 2006. The gross margin improvement from the fiscal 2006 fourth quarter was a result of improvements in LCD gross margins from 18.6% in the June 2006 quarter to 24.1% in the June 2007 quarter as well as an overall increase in the amount of LCD revenue.

In conjunction with its year-end closing, the Company completed its control assessment as required under section 404 of the Sarbanes-Oxley Act. In doing so two items were identified and revised on a year-to-date basis during the fourth quarter because their impact on net income for each of the quarters during 2007 was not material in total. We determined that our methodology to estimate warranty accruals did not adequately reflect information that had recently become available to better estimate the possible future exposure for warranty costs related to units which had already been sold.

Using this newly available information resulted in the reversal of approximately $7.4 million of warranty expense which had been recorded in cost of sales through the third quarter of fiscal 2007. This accounted for approximately 360 basis points of improvement in our fourth quarter margins that may not be expected to recur in the future. This reduction in our warranty accrual was the result of lower-than-anticipated warranty claims, particularly in our national retail channels, where lower returns and warranty claims reflect, we believe, the ongoing improvement in the quality of our products.

In addition, we also determined that the tax impact of dividends and accretion of discount on redeemable, convertible preferred stock, which are reported as interest expense under GAAP, cannot be treated as deductible in our income tax provision which resulted in approximately $5.9 million of income tax that should have been recorded through the third quarter of 2007 being recorded in the fourth quarter. This incremental income tax expense will not recur in future periods because at June 30, 2007 the redeemable, convertible preferred stock had all been redeemed. The increase in income tax expense, coupled with the decrease in warranty expense when taken on a net-of-tax basis, had an immaterial impact on the reported net income of prior quarters.

Additionally, Syntax-Brillian completed its

acquisition of Vivitar Corporation on November 21, 2006. Revenue for Vivitar for the three and twelve months ended June 30, 2007 was $14.6 million and $41.4 million, respectively.

The merger of Syntax and Brillian was completed on November 30, 2005. Accordingly, the results of operations for the fiscal year ended June 30, 2006 include only the operations of Syntax prior to the

merger.

Syntax-Brillian ended the June 30, 2007 quarter with cash, cash equivalents, and short-term investments of $28.7 million; working capital of $238.6 million; and stockholders' equity of $315.5 million. At June 30, 2007, Syntax-Brillian had $78.1 million outstanding under its revolving credit lines.

At June 30, 2007, accounts receivable and due from factor totaled $210.1 million for total days sales outstanding ("DSOs") of 93.2. This compares with 77.3 DSOs at June 30, 2006 and 124.8 DSOs at March 31, 2007. Included in accounts receivable at June 30, 2007 was $138.1 million of accounts receivable from South China House of Technology, or SCHOT, our distributor in Asia. At June 30, 2007, there were no invoices due from SCHOT that had been outstanding longer than the 120 day terms.

Accounts receivable and due from factor, excluding the Asian receivables, totaled $72.0 million which represents approximately 60.5 DSOs at June 30, 2007 compared with 77.3 DSOs at June 30, 2006 and
46.7 DSOs at March 31, 2007.

Inventory balances totaled $34.5 million at June 30, 2007, down from $39.8 million at March 31, 2007. At June 30, 2007, there were 19.2 days of cost of sales in inventory compared with 22.8 days at June 30, 2006 and 27.4 days at March 31, 2007.

Accounts payable at June 30, 2007 totaled $71.6 million, which represented approximately 39.8 days of cost of sales compared with 6.8 days at June 30, 2006 and 86.8 days at March 31, 2007.

Highlights for the quarter ended June 30, 2007

The highlights and accomplishments for the quarter ended June 30, 2007 include the following:

-- Fiscal fourth quarter revenue of $205.3 million, a 243% increase over last year's comparable quarter.

-- Fiscal fourth quarter shipments of approximately 286,000 units, a 165% increase over the prior year comparable quarter.

-- Increased gross margins by 800 basis points to 20.2% over the prior year period.

-- Adjusted EBITDA of $26.3 million and $75.6 million for the three and twelve months ended June 30, 2007, respectively.

-- Raised $143 million via a public offering of common stock.

-- From the inception of our ESPN advertising campaign, brand awareness among males 18-49 has increased 473% and purchase consideration of non-HDTV owners who expect to purchase within 12 months has increased over 600%.

-- Olevia featured in Target commercials and four color boxes will be featured on the retail floor.

-- Olevia will be featured in Sears' NFL advertising campaign from August through December 2007.

Business Outlook

Syntax-Brillian also provided the following business outlook for its quarter ending September 30, 2007 and the calendar year ending December 31, 2007. The current business outlook is reflective of a severe tightening of credit in Asia that has significantly impacted the bank and other credit facilities of our supply chain partners. As a result of the tighter credit environment in Asia, we believe that the combined credit availability of our supply chain partners has been reduced by over $200 million. The current business outlook also reflects Syntax-Brillian's decision to take a more cautious approach to sales in Asia.

For the quarter ending September 30, 2007, Syntax-Brillian anticipates revenue in the range of $170 million to $180 million, predominately from sales of LCD TVs on shipments of approximately 270,000 to 290,000 units. Gross margins for the quarter are anticipated to be in the range of 15% to 17%.

For the calendar year ending December 31, 2007, Syntax-Brillian anticipates revenue in the range of $1.0 billion to $1.1 billion, and gross margins in the range of 16% to 18%.