SOURCE: e.Digital Corporation

October 02, 2007 08:30 ET

e.Digital Second Quarter 2008 Revenues Surpass Those of Prior Fiscal Year

Company Expects to Report Over $2 Million in Revenues in Fiscal Q2

SAN DIEGO, CA--(Marketwire - October 2, 2007) - e.Digital Corporation (OTCBB: EDIG), a leading innovator of portable inflight entertainment (IFE) systems and patented flash memory-related technology, announced today that it expects to report over $2 million in revenues for the second quarter ended September 30, 2007, surpassing total fiscal year 2007 revenues of $1.8 million. Revenues for the first six months of fiscal 2008 are expected to be over $3.3 million.

e.Digital also reported today that it has commenced enforcement actions of its Flash-R™ patent portfolio. e.Digital has a 19+ year record of innovation and significant investment in a robust intellectual property asset base which includes being the first company to employ and patent important aspects of the use of removable flash memory in portable recording devices.

"We have made substantial business progress in the first half of fiscal 2008 through business with Lufthansa, Malaysia Airlines, Air France, Alitalia, Mezzo and their airline customers," said Will Blakeley, president of e.Digital. "We introduced our proprietary eVU Extended Range™ ( eVU-ER™), with an industry-leading 20+ hours of continuous video playback from a single battery, at the recently concluded 28th Annual WAEA Exhibit and Conference. Our IFE products and accessories were well received by the industry, and we expect new business and additional orders as a direct result of the conference.

"Over the next six months of fiscal 2008, we look forward to announcing further IFE business developments, and adding to the more than 30 airlines that have made dedicated portable systems powered by e.Digital technology their inflight entertainment choice," concluded Blakeley. "We also look forward to holding a general meeting of shareholders and providing progress reports on the monetization of our Flash-R patent portfolio."

About e.Digital Corporation: e.Digital is a leading innovator of dedicated portable IFE systems through its proprietary eVU™ portable entertainment system. e.Digital also owns and is pursuing the monetization of its Flash-R™ portfolio of flash memory-related patents. e.Digital was the first company to employ and patent important aspects of the use of removable flash memory in portable recording devices. For more information about e.Digital and eVU, please visit: www.edigital.com.

Safe Harbor statement under the Private Securities Litigation Reform of 1995: All statements made in this document, other than statements of historical fact, are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act. You should not place undue reliance on these statements. We base these statements on particular assumptions that we have made in light of our industry experience, the stage of product and market development, expected future developments and other factors that we believe are appropriate under the circumstances. These forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the businesses of the Company and the industries and markets in which the Company operates. Actual outcomes and results may differ materially from what is expressed or implied by the forward-looking statements. More information about potential factors that could affect the Company can be found in its most recent Form 10-K, Form 10-Q and other reports and statements filed with the Securities and Exchange Commission ("SEC"). e.Digital Corporation disclaims any intent or obligation to update these or any forward-looking statements, except as otherwise specifically stated by it.

Contact Information

  • CONTACT:
    e.Digital Corporation
    Robert Putnam
    (858) 304-3016 ext. 205
    Email Contact