CREATIVE VISION ELECTRONICS, INC. AND SAMSUNG ELECTRONICS
AMERICA, INC. SIGNED MEMORANDUM OF UNDERSTANDING

Fort Lee NJ, June 16th, 2004

Creative Vision Electronics Inc. and Samsung Electronics America, Inc . signed a memorandum of understanding to create a mutually beneficial business relationship whereby each will enhance the marketability of home networking and hospitality pronducts.

 

ABOUT SAMSUNG ELECTRONICS AMERICA, INC.
Samsung Electronics America, Inc. is a wholly owned subsidiary of Samsung Electronics Co., Ltd. who is a global leader in semiconductor, telecommunication, and digital convergence technology. Samsung Electronics employs approximately 64,000 people in 89 offices in 47 countries. Samsung Electronics is the world's leading producer of advanced semiconductors, TFT-LCDs, CDMA mobile phones, monitors and VCRs. Samsung Electronics consists of four main business units: Device Solution Network, Digital Media Network, Telecommunication Network and Digital Appliance Network Businesses.

ABOUT CREATIVE VISION ELECTRONICS
Creative Vision Electronics,headquartered in Fort Lee, New Jersey is a security solutions provider and marketer of fingerprint modules, biometric door locks and network access control systems. Creative Vision Electronics is the strategic partner of Samsung S1 in worldwide.