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 August 10, 2000
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: August 10, 2000 Mr. Gerry A. Racicot
President
<PAGE>
[LOGO] Eiger
technology inc.
For Immediate Release Thursday, August 10, 2000
EIGER REPORTS RECORD THIRD QUARTER EARNINGS
TORONTO-- Eiger Technology Inc. announced today a return to profitability with
third quarter sales of $12,970,000, representing a 644% increase over the same
period last year.
The Toronto, Ontario modem and MP3 corporation reported sales of $46,017,000 for
the nine months ending June 30, 2000--a 520% increase over the same period last
year with a profit of $148,000 versus $13,000. This was coupled with an increase
in shareholder equity, which rose from 8,033,000 to 42,677,000--a 451% increase.
An accumulated cash balance of $20,352,000 is available for future
acquisitions/internal growth.
"The entire management team is extremely excited at the success Eiger has
experienced. We have embarked on an aggressive agenda of growth and are
delighted that it is paying off for our shareholders. There are few industries
as competitive as the hi-tech electronics sector. Our quarterly results prove
that Eiger is an established technology leader in both the MP3 and modem
sectors," said Gerry Racicot, President and CEO of Eiger Technology Inc.
Eiger Technology Inc. is headquartered in Toronto, Ontario. Through its
facilities in South Korea, New Jersey and California, Eiger manufactures and
distributes electronic and computer peripherals such as 56K fax/modems, MP3
players and DSL modems to OEM and consumer markets worldwide. Eiger is a
publicly traded company listed on the Toronto Stock Exchange (TSE:AXA
OTCBB:ETIFF). Visit Eiger Technology Inc.'s website at www.eigertechnology.com.
-30-
For More Information, Please Contact:
Nini Krishnappa
Optimum Public Relations
(416) 934-8007
[email protected]
The management of the company takes full responsibility for the content of this
news release. The Toronto Stock Exchange has not reviewed and does not accept
responsibility for the accuracy of this release.
