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 March 14, 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: March 14, 2000 Mr. Gerry A. Racicot
President
<PAGE>
[LETTERHEAD OF EIGER TECHNOLOGY, INC.]
PRESS RELEASE
March 14,2000
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TSE:AXA
OTC BB:ETIFF
Eiger Technology, Inc. acquires a GSM wireless bridgehead
Eiger Technology, Inc. signs a memorandum of understanding to purchase 25% of
Nixxo Technologies, Inc.(NTI) for US $ 10 million ($500,000USD in cash and the
remainder in common stock of ETI). NTI has developed its own GSM Baseband Chip
technology that was presented at the February 2000 CEBIT show in Hanover,
Germany. The current NTI GSM chip was well received and GSM phone manufacturers
are currently developing joint alliances as a result. NTI, situated in Silicon
Valley, CA., is also developing a third generation chipset to compliment its
internally developed 1st and 2nd generation chipsets. These 1st and 2nd
generation chipsets are GSM phase 2 compliant.
NTI's 2nd generation chipset has several advantages that separate it from the
competition, including low power consumption, IrDA 1.0 support, programmable CPU
2 DSP Clock Frequencies and seamless upgrade to GSM phase 2+. Dr. S.H. Bang,
President of NTI says that "our new GINI -31 will be the most advanced mixed
signal GSM phase 2+ chipset available in the world market. By embedding large
amounts of system memories and VCTCXO, the board size, cost and power
consumption are minimized." The system memories include flash ROM, static RAM
and emulated EEPROM in a single silicon die.
NTI is a research and Development and Distribution arm of Standard Telecom Co.,
Ltd. (STI) of Korea, a KOSDAQ listed company. STC under the NIXXO brand is a
wireless phone supplier to Korea Telecom Freetel, as well as, other
international phone company partners. STC also enjoys a number 2 position in the
U.S. with its NIXXO brand pager project. The STC group received another in a
series of international recognitions when the Templeton Group of Funds invested
with the company in 1999.
Mr. Gerry A. Racicot, president of ETI says that "Eiger has acquired the
bridgehead in internet, multimedia and wireless communication, necessary to meet
our objective of providing leading edge technology to the international
marketplace."
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
