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Place de cotation: TORONTO (AXA)
Eiger Technology, Inc. (“Eiger”)
is a “Growth through Acquisition” technology company focused on acquiring
companies poised to capitalize on the development of the Internet and the
inevitable convergence of that network with existing voice networks. Eiger
believes this trend will lead to a growth in Internet and voice enabled
consumer electronic devices (and corresponding growth in demand for data
communication cards), and communication service companies that intelligently
manage and route the transmission of information between these devices
over voice/data networks. In its acquisitions, Eiger is focused on companies
that have a synergy with existing Eiger Subsidiaries and that move it toward
total integration of R&D, manufacturing and distribution of internet-enabled
products and services.
EIGER TURNS PROFITABLE IN
THIRD QUARTER
Toronto, August 8, 2005
-Eiger Technology, Inc. (TSX: AXA, OTCBB: ETIFF) announces results for
the third quarter of fiscal year 2005. For the three months ended June
30, 2005, net income was $85,000 ($0.00 per share) vis a vis a net loss
of $816,000 ($0.02 per share) during the same period last year, and a net
loss of $300,000 ($0.01 per share) in the previous quarter.
Eiger has filed its financial
statements and Management Discussion and Analysis for the third quarter
of fiscal 2005 on SEDAR (www.sedar.com).
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