SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
FORM 6-K
Report of Foreign Issuer
Pursuant to Rule 13a- 16 or 15d-16 of the
Securities Exchange Act of 1934
Press Release dated December 8, 1999
Eiger Technology, Inc.
818 Erie St.
Stratford, ON
N4Z 1A2
[Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40- F]
Form 20-F |X| Form 40-F |_|
[Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information by the
Commission pursuant to Rule 12g3-2(b) under the Securities Act of 1934.]
Yes |X| No |_|
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Eiger Technology, Inc.
Date: December 8, 1999 Mr. Gerry A. Racicot
President
[Letterhead of Eiger Technology, Inc.]
PRESS RELEASE
December 8, 1999
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TSE:AXA
OTC BB:ETIFF
EIGER TECHNOLOGY ANNOUNCES NEW MP3 GENERATION PLAYER READY AND
MOVE INTO BROADBAND INTERNET MARKET.
STRATFORD, ONTARIO, CANADA, DECEMBER 8, 1999 -Eiger Technology Inc. (formerly
Alexa ventures, TSE:AXA, OTCBB: ETIFF), a leading Internet products company,
announced today its latest MP3 player is "show ready" and that it is now moving
into the broadband Internet market.
Eiger Technology President and CEO, Gerry Racicot, said "The second generation
MP3 player has been developed for the Consumer Electronics Show in January,
2000, with delivery anticipated for February/March 2000.
"Eiger staff, working with our OEM and Internet Service Provider (ISP)
customers, have been given the mandate to specify their Digital Subscriber Line
(DSL) modem year 2000 requirements. This is a major step forward for Eiger as we
see the company having a solid stake in Broadband Internet markets.
"In Europe, for instance, there is an explosion in the broadband Internet market
resulting from de-regulation. Both North America and Europe will be major
opportunities for Eiger.
"In June, 2000, the major ISPs in North America expect to be DSL compatible.
This market is expected to be of similar size to the 56K fax/modem market that
became very large."
Eiger's business includes OEM, MP3 player and 56K fax/modem sales and
manufacturing divisions. It does contract work for such leading companies as
Samsung.
Also Eiger has signed National Media Technology Inc. to develop its website and
communicate corporate strategy, business and performance.
Racicot, said, "The number one Internet products and services market in the
world is the U.S.A. National Media Technology is based in New York and
understands the market. They will help push us into key market opportunities,
both in terms of business and investment communities.
DIRECTORS OF EIGER TECHNOLOGY, INC.:
G.A. Racicot
Chief Executive Officer
THE MANAGEMENT OF THE COMPANY WHO TAKE FULL RESPONSIBILITY FOR ITS CONTENTS
PREPARED THIS PRESS RELEASE. THE TORONTO STOCK EXCHANGE HAS NOT REVIEWED AND
DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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