NetMeasure Technology, Ltd.
OTC Bulletin Board : NMTH

November 10, 2005 16:06 ET

NetMeasure Completes Acquisition

SEOUL, SOUTH KOREA--(CCNMatthews - Nov. 10, 2005) - NetMeasure Technology, Inc. (OTCBB:NMTH) is pleased to announce that there previously announced acquisition of South Korea based multi-media consumer electronics maker "Sorell" is now completed. Details of the acquisition can be found in the recent SEC filings.

Sorell is in the business of the manufacture, research and development and sales of consumer electronics. Sorell's product line includes high end MP3 players (some with GPS and Video capability), PMP's (Personal Media Players with movie player, MP3, Radio, Camcorder, Digital Camera and even GPS all in one device).

Sorrel's future vision is to be a branded leader of mobile multimedia devices in the ubiquitous environment. Future versions of these products may include cell phone capability, mobile internet an OS like Windows CE in the next generation as the market forces this type of convergence.

Sorell was established in October 1998 as a divestiture from Samsung Electronics (SSNLF). Sorell has grown substantially since its inception, growing to $1.43 million in capital in June 2000, $3 million in capital in July 2002 and approximately $8 million in shareholders equity at December 31, 2004. Sales also grew, from $10 million in exports in 2002, $30 million in exports in 2003 and $100 million in exports in 2004.

The Company's research and development department is also very competitive, producing proven new technologies in camcorders, MP3/CD Players and MP3 players. Approximately 50% of the Company's researchers came from Samsung Electronics.

The Company's headquarters and factory is located in Yongin City, Korea and is 275 square meters. The Company presently has approximately 280 employees.

NetMeasure intends to continue Sorell's historical businesses and proposed businesses. The historical business and operations of NetMeasure shall no longer be continued. NetMeasure intends to change its name to Sorell Inc. to reflect the primary brand name and business of S-Cam Co., Ltd. ("Sorell").

Certain information and statements included in this release are intended to constitute "forward-looking statements" within the meaning of the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied in such forward-looking statements.

Sorrell, #303, 3rd Floor of Gyeonogi Venture Center,
Suwon Centerm 1017 I Ingye-dong, Paldal-gu, Suwon,
Gyeonggi-do 442-270

Tel : +82-31-233-4664

E-Mail :

Contact Information

  • NetMeasure Technology, Inc.
    Terry Fields
    (310) 600-8757