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Message: It`s just a confused reporter

It`s just a confused reporter

posted on Aug 17, 2005 06:19PM
Could it be that the reporter got the info jumbled up.

I think the reporter mistook the DVAP platform (that a customer will use) for an actual product.

From Monday`s release:

``As we outlined in our presentation following our recent annual meeting of shareholders, we are making progress growing revenues and reducing losses,`` said Atul Anandpura, president and chief executive officer of e.Digital Corporation. ``We see a growing market for versions of secure, closed system video products which we are moving to exploit by developing a new digital video/audio technology platform (DVAP) based on further augmentation of our MicroOS(TM) and a powerful new processor.``

The new DVAP will come in the form of a finished product with the following planned features:

High resolution digital LCD

Embedded magnetic card reader

Touch screen capabilities

Internet access

Voice over IP (VOIP)

Full featured graphical user interface

Content security

RFID for tracking and theft control

Access to e.Digital-supplied content

Concluded Anandpura, ``Based on current and emerging DVAP business from the in-flight entertainment, healthcare, cruise line, and car rental markets as well as from kiosk-based businesses desiring to utilize our smaller screen Kino(TM), in fiscal 2006, we expect increased annual revenues and business over fiscal 2005. Most of the anticipated increase in revenues is expected through sales of secure closed system video products based on both new and current versions of our proprietary DVAP to branding customers.``

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