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 July 28, 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: July 28, 2000 Mr. Gerry A. Racicot
President
<PAGE>
[LOGO] Eiger
technology inc.
Eiger Technology, Inc. Signs Purchase Agreement for 25% of Nixxo
Technology, Inc.
Toronto, ON Canada, Friday July 28, 2000 - Eiger Technology Inc. (TSE:AXA
OTCBB:ETIFF), (Eiger) is pleased to announce the completion of the purchase of
25% of Nixxo Technology, Inc. (NTI) pending regulatory approval. The
consideration paid for the 25% interest in NTI was $500,000US plus 3,000,000
shares of Eiger.
NTI is a GSM cellular phone chipset design and development house based in San
Jose, CA. NTI has developed and delivered GSM chipset and operating system
technology for its majority owner Standard Telecom Co., Ltd. (STC) of Seoul
Korea and will launch its GSM chipset and operating system in January, 2001. STC
is a publicly listed company on KOSPI (Korea Exchange) with approximately $500
million in annual revenue. STC has made significant inroads into the North
American market with its Nixxo pager. The Nixxo pager is no. 2 in the North
American market and no. 1 in the South Korean bourgeoning market place.
"Eiger is pleased to complete this hallmark acquisition into the wireless arena
with a top-notch prestigious partner like Standard Telecom. This acquisition is
the culmination of many months work and reciprocal visits by Eiger and STC to
their respective partners' factories and offices in California and Korea" said ,
Gerry Racicot Eiger CEO.
"We are especially excited by the synergies to EigerNet in Korea and the now
early entry into GSM wireless by Eiger," added CEO, Gerry Racicot.
The benefits to Eiger are GSM telephone production at EigerNet, GSM sales
distribution at Eigerlabs Group, Inc. and the value of the NTI investment for
the Eiger shareholders. NTI anticipates a public listing on NASDAQ within the
next six months.
The combination of original GSM technology for Eiger, with both production and
distribution revenue at its subsidiaries and STC as an operational and marketing
partner makes this acquisition a win-win for both parties.
Directors of Eiger Technology Inc.
G.A. Racicot, CEO
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.
818 Erie St. Stratford, ON N4Z 1A2
519-273-0503 (tel) 519-273-1684 (fax) e-mail [email protected]
