BEIJING, China, May 4, 2011 /PRNewswire-Asia-FirstCall/ --
Vimicro International Corporation (NASDAQ: VIMC) ("Vimicro"), a
leading multimedia semiconductor and solution provider, today
announced it has retained CCG Investor Relations ("CCG") to design
and execute its strategic communications and investor relations
campaign.
(Logo: http://photos.prnewswire.com/prnh/20070528/CNM014LOGO
)
"We selected CCG as our investor-relations firm not only due to
its expertise in implementing an investor communications strategy,
but also because of the relationships and the global reach the firm
brings," commented Dr. John Deng,
Vimicro's Chairman and Chief Executive Officer. "We look
forward to working with CCG as we move aggressively to refine our
investor message and expand our shareholder base."
"We are very excited to be working with Vimicro during this
exciting chapter in their corporate development, as they have
refocused their semiconductor business to achieve profitability and
work to drive adoption their high-performance surveillance
technology," said Crocker Coulson, President of CCG. "As an
innovation leader, Vimicro has played a key role in developing
China's new Surveillance Video and
Audio Coding (SVAC) standard and their solutions address a growing
need for next generation, intelligent surveillance technology in
China."
About Vimicro International Corporation
Vimicro International Corporation is a leading multimedia
semiconductor and solution provider that designs, develops and
markets mixed-signal semiconductor products and system-level
solutions that enable multimedia capabilities in a variety of
products for the consumer electronics and communications markets.
Vimicro is also expanding business into the surveillance market
with system-level solutions and semiconductor products. Vimicro's
ADSs, each of which represents four ordinary shares, are currently
trading on the NASDAQ Global Market under the ticker symbol
"VIMC."
About CCG Investor Relations
CCG is one of the nation's leading investor relations and
strategic communications agencies. In business for more than 30
years, the agency provides a complete range of investor
communications and counseling services to nearly 80 clients across
multiple capital markets. CCG is uniquely positioned to provide an
outsourced, high-level investor relations solution that combines
in-depth understanding of Asia's
corporate culture and economic scene with a direct pipeline into
the leading funds and broker-dealers in the United States. CCG has been awarded a
number of industry honors for its handling of complex investor
relations and crisis communications matters. The agency's corporate
headquarters is in Los Angeles
with additional offices in New
York, San Francisco,
Beijing, Shanghai, Frankfurt and Tel
Aviv. For further information, contact CCG directly, or
visit CCG's web sites at http://www.ccgir.com and
http://www.ccgirasia.com.
Forward-Looking Statements
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates," "confident" and similar statements. Among
other things, the quotations from management in this announcement,
as well as Vimicro's expectations and forecasts, contain
forward-looking statements. Vimicro may also make written or oral
forward-looking statements in its periodic reports to the U.S.
Securities and Exchange Commission on forms 20-F and 6-K, etc., in
its annual report to shareholders, in press releases and other
written materials and in oral statements made by its officers,
directors or employees to third parties. Statements that are not
historical facts, including statements about Vimicro's beliefs and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. A number of
factors could cause actual results to differ materially from those
contained in any forward-looking statement, including but not
limited to the following: the company's ability to develop and sell
new mobile multimedia products; the expected growth of the mobile
multimedia market; the company's ability to increase sales of
notebook camera multimedia processors; the company's ability to
retain existing customers and acquire new customers and respond to
competitive market conditions; the company's ability to respond in
a timely manner to the evolving multimedia market and changing
consumer preferences and industry standards and to stay abreast of
technological changes; the company's ability to secure sufficient
foundry capacity in a timely manner; the company's ability to
effectively protect its intellectual property and the risk that it
may infringe on the intellectual property of others; and
cyclicality of the semiconductor industry. Further information
regarding these and other risks is included in Vimicro's annual
report on Form 20-F filed with the Securities and Exchange
Commission. Vimicro does not undertake any obligation to update any
forward-looking statement, except as required under applicable law.
All information provided in this press release is as of the date
hereof, and Vimicro undertakes no duty to update such information,
except as required under applicable law.
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Company
Contact:
Vimicro International
Corporation
Ms. Sandy Song, IR Associate
Manager
Phone: +86-10-6894 8888
x7401
E-mail: songzheng@vimicro.com
www.vimicro.com
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Investor
Contact:
CCG Investor
Relations
Mr. John Harmon, CFA, Sr.
Account Manager
Phone: +86-10-6561-6886
x807 (Beijing)
E-mail: john.harmon@ccgir.com
Mr. Roger Ellis, Senior Partner
& SVP for M.I.
Phone: +1-310-954-1332
(Los Angeles)
E-mail: roger.ellis@ccgir.com
www.ccgir.com
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SOURCE Vimicro International Corporation