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 23, 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 23, 2000 Mr. Gerry A. Racicot
President
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[LOGO] Eiger
technology inc.
For Immediate Release Wednesday August 23, 2000
EIGER ANNOUNCES MANAGEMENT TEAM
TORONTO-- Eiger Technology Inc., based in Toronto and specialising in the
production of MP3 players and DSL modems, announced its management team today
for the Eiger group of companies.
The Eiger companies include Eiger Labs Inc., and 25% ownership of Nixxo
Technology Inc., a GSM cellular phone chipset design and development house based
in San Jose, CA. The restructuring of non-core subsidiaries, K-Troniks
International Corporation and ADH Custom Metal Fabricators Inc., is progressing
on schedule. Both companies anticipate being publicly listed by calendar
year-end.
Walter A. Keyser- Chariman of the Board, Eiger Technology Inc.: Mr. Keyser is a
founding Director of AGF Management Ltd., the management arm of the AGF group of
mutual funds. He is also the President of Walter A. Keyser & Associates Inc., a
Canadian real estate-corporate finance entity that specialises in project
financing and initial public offerings.
Gerry A. Racicot- President, Eiger Technology Inc.: Mr. Racicot has had a long
career in business administration and management during which he has held
positions in the import/export wholesale distribution business with Coast to
Coast Distributions Inc., and in financial services as an investment account
executive with BurnsFry, a major Canadian investment banking firm. Mr. Racicot
is also President of Eiger's ADH Custom Metal Fabricators Inc. and Energy
Products International Corp. subsidiaries.
Keith Attoe- Chief Financial Officer, Eiger Technology Inc.: In addition to his
position as Chief Financial Officer of the company, Mr. Attoe also serves as a
Director of several of its subsidiaries. Mr. Attoe, a chartered accountant, has
a wide range of experience in corporate financing, project financing,
US/Canadian tax planning, investment strategy and treasury management.
Scott Deans- Director of Operations, Eiger Technology Inc.: Mr. Deans has been a
key player in completing the operational restructuring of ADH Custom Metal
Fabricators. He comes to Eiger with a proven track record in the automotive and
logistics sectors and has significant senior management experience in
organizational restructuring, strategic planning and human resource management
systems.
Young K. Kim- President, Eiger Labs Inc.: Mr. Kim played a major role in
building Eiger Labs into a full service distributor of fax modems, Ethernet,
audio, Compact Flash, CD-ROM, PC peripheral products as well as MP3 players. He
has a strong relationship with Samsung Group, having served as Manager for
Samsung America and Canada for four years. Previously he worked with Samsung
Electronics in Korea for seven years.
330 Bay St. Suite 602 Toronto, ON M5H 2S8
416-216-8659 (tel) 416-216-1164 (fax)
<PAGE>
Tae J. Lee- Chief Operating Officer, Eiger Labs Inc.: Mr. Lee worked jointly
with Mr. Y.K. Kim in building Eiger Labs Inc. into a respected distributor of
computer peripheral and Internet related products. Mr. Lee had previously worked
with Samsung Electronics Co. Ltd. for 11 years. His areas of expertise include
engineering, new product development and production, and marketing and
international sales.
Rae M. Cha- Chief Financial Officer, Eiger Labs Inc.: As a member of the
management team Mr. Cha helped build Eiger Labs Inc. prior to its acquisition by
Eiger Technology Inc. Before joining Eiger Labs Mr. Cha was associated with
Samsung Electronics Co. Ltd. for 11 years. His areas of expertise include
accounting, corporate planning, financing, operations and administration.
Seung B. Lim- President, EigerNet Inc.: Mr. Lim is the President of EigerNet
Inc., the Korea-based manufacturing subsidiary of Eiger Technology Inc. Mr. Lim
previously worked for eight years with Garnet Systems. He has significant
experience in the areas of research and development and product planning of fax
modems, sound cards and combo cards.
Taek Soo Han- President, Eiger M&C Inc.: Mr. Han is the founder of Eiger M&C
Inc., a Korea-based MP3 engineering firm that was recently acquired by Eiger.
Mr. Han had been an engineering manager for Samsung's video division and has
maintained a close relationship with Samsung.
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 (symbol: AXA).
Visit Eiger Technology Inc.'s website at www.eigertechnology.com.
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For More Information, Please Contact:
Nini Krishnappa
Optimum Public Relations
(416) 934-8007
[email protected]
The management of the company take full responsibility for its content, prepared
this press release. The Toronto Stock Exchange has not reviewed and does not
accept responsibility for the adequacy or accuracy of this release.
330 Bay St. Suite 602 Toronto, ON M5H 2S8
416-216-8659 (tel) 416-216-1164 (fax)
