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 22, 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 22, 2000 Mr. Gerry A. Racicot
President
<PAGE>
[LETTERHEAD OF EIGER TECHNOLOGY, INC.]
PRESS RELEASE
March 22, 2000
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TSE:AXA
OTC BB:ETIFF
EIGER TECHNOLOGY ANNOUNCES $35 MILLION MP3 ORDERS
STRATFORD, ONTARIO, CANADA, MARCH 22, 2000 -- Eiger Technology, Inc. (Eiger)
(TSE:AXA, OTC BB ETIFF), a leading computer and Internet peripherals
manufacturer, announced today that its South Korean subsidiary, EigerNet Inc
(EigerNet) (formerly Point Multimedia Systems, Inc.) has commitments from two
large OEM customers for MP3 shipments amounting to $35,000,000 in calendar year
2000 commencing in May/June of this year.
The names of the customers cannot be revealed under the terms of the
commitments. One is a large North American computer company and the other is a
Korean conglomerate.
Gerry A. Racicot, President of Eiger, said "This commitment firms our budget
goals for the year 2000 of $100 million in revenue and allows us to concentrate
on taking the company to the next level. We are very pleased that the company
has expanded its manufacturing base by over 300% of the 1999 capacity to permit
us the aggressive growth necessary to be a major Internet market player in this
rapidly changing and competitive area.
"During our visit to Korea last week, we were able to participate in the opening
ceremonies of our new facility and appreciate the high level accomplishments of
the Korean management."
Y.K. Kim, President of EigerNet, Inc., said "The base building of the previous
two years has turned into the harvest of today through the hard work and
determination of every member of the management and staff of the Korean and
North American facilities. We must never forget that a brighter tomorrow is
always the result of today's grit and determination."
Racicot concluded "Once again, Eiger is one step closer to accomplishing its
goals of aggressive growth through profitable operations. It is this combination
of growth through profitability that management is determined to differentiate
Eiger in the face of the Internet frenzy which appears to be more focused on
hype rather than on the substance of performance."
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
