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 November 23, 2000
Eiger Technology, Inc.
330 Bay St. Suite 602
Toronto, ON
M5H 2S8
[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: November 23, 2000 Mr. Gerry A. Racicot
President
<PAGE>
[LOGO] Eiger technology inc.
For immediate Release Thursday November 23, 2000
EIGER TECHNOLOGY INC. IS PLEASED TO ANNOUNCE THAT
HARMONY TRADING CORP. AND NIXXO TECHNOLOGIES, INC. HAVE EXECUTED
MERGER AGREEMENT
Toronto, Canada - Eiger Technology Inc., (Eiger) (TSE: AXA; OTC BB: ETIFF) is
pleased to announce that Harmony Trading Corp. (OTCBB: HRMY), and Nixxo
Technologies Inc. (Nixxo) have executed a definitive merger agreement for
Harmony Trading Corp. to acquire Nixxo Technologies, Inc on November 22, 2000.
Eiger Technology Inc. is a 25% shareholder of Nixxo Technologies, Inc., and
under the agreement would receive a total of 12,500,000 common shares of Nixxo
post merger. Based on the closing stock price of Harmony as at November 22,
2000, this represents a total market value equity to Eiger of $42,249,000 CD or
$1.32 per share.
Under the merger agreement, the stockholders of Nixxo Technologies will own
approximately 83% of the company after the merger and the stockholders of
Harmony Trading will own approximately 17% of the company after the merger. The
companies anticipate a closing date in January 2001.
Harmony also announced that it has declared a three-for-one forward split of its
common stock. Holders of record at the close of business on November 20, 2000
will receive two additional shares of common stock for each share of common
stock owned on the record date. The payout date for the new certificates has
been set as of December 4, 2000, and the ex-date has been set for December 5,
2000.
Nixxo Technologies is a GSM chipset and operating system design company based in
San Jose, California, that will begin shipping GSM chipsets to various customers
in the first quarter of 2001. The GSM cellular market represents 65% of the
world cellular phone market with a growth rate of 30% per year. The GSM phone
market worldwide is 150 million units per annum. Nixxo Technologies ownership of
core GSM technology puts it at the forefront of this enormous market place.
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 also owns
25% of Nixxo Technologies as explained above. Eiger is a publicly traded company
listed on the Toronto Stock Exchange (symbol: AXA). Visit Eiger Technology Inc's
web site at www.eigertechnology.com
-30-
For More Information, Please Contact:
Gerry Racicot or Keith Attoe
Eiger Technology Inc.
(416) 216-8659
The management of the company, who 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 Street, Suite 602 Toronto, ON M5H 2S8 p-416-216-8659 f-416-216-1164
