VIVOTEK INC. (“VIVOTEK” or the “Company”), which designs and manufacturers sophisticated network cameras and video servers for IP surveillance markets, announced the successful completion of its initial public offering of 5,238,000 shares of its common stock at NT$58.00 per share, for a total offering of NT$479,000,000. Dealings will start on Jul. 25, 2006 on Taiwan’s stock exchange under the symbol "3454".
VIVOTEK, founded in 2000, has quickly taken its position as a leading manufacturer in the international IP surveillance and multimedia communication industry. With a high growth rate of over sixteen hundred percent in sales over the past three years (2002-2004), the Company has won the awards of “Technology Fast 50 Taiwan 2005 “ as well as “Technology Fast 500 Asia Pacific 2005” by Deloitte & Touche. Promisingly, By the highly increased global acceptance of digital surveillance and rapid sales growth in the past few years, VIVOTEK believes now is the time to enter Taiwan’s stock exchange and this success will drive us to work harder to bring industry-leading surveillance products and multimedia solutions.
"Our mission is to provide innovative, high quality IP surveillance solutions that are reliable, easy-to-use and present a significant value for the Company’s partners and customers. With the dedication in our core competencies: product development, sales and marketing, we will be consistently delivering a wide range of innovative products and share our significant achievements with all of our customers, investors, and employees. " said Owen Chen, the chairman of VIVOTEK.
This press release appears as a matter of record only and does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the security laws of any such state or other jurisdiction.
Copyright © 2007 VIVOTEK Inc. All rights reserved.
