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 January 6, 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: January 6, 2000 Mr. Gerry A. Racicot
President
Eiger
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PRESS RELEASE
January 6, 2000
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TSE:AXA
OTC BB:ETIFF
EIGER TECHNOLOGY, INC. ANNOUNCES 'STRONG RISE' IN QUARTERLY RESULTS.
STRATFORD, ONTARIO, CANADA, JANUARY 6, 20000 -- Eiger Technology, Inc. (Eiger)
(SYMBOLS), a leading computer and Internet peripheral products company,
announced today that its first quarter revenue (3 months ended December 31,
1999) will be $12 million US ($17 million CAD) compared to $1.7 million US
($2,450,000 CAD million for the comparable first quarter ended December 31,
1998, an increase of 605%. This is also an increase of 71% over the full year's
sales of $7 million US for the year ended September 30, 1999. Further financial
statements, including year end and quarterly results, will be issued in a few
weeks time. Eiger President and CEO, Gerry Racicot, said "This strong rise
reflects the acquisition of the Eiger operation in September of 1999 and its
increasingly strong market presence in the computer peripheral business through
OEM, MP3 and the DSL modem business in Korea and the U.S."
Racicot also announced that the second generation MP3 player is being presented
at the Consumer Electronic Show currently underway in Las Vegas. "Initial
feedback from show attendees is very positive," he commented.
"In the December 22, 1999 issue of Time magazine the MP3 digital music player
was included in the Best Cybertech of 1999. We are proud to be at the forefront
of this movement with leading edge technology."
Racicot concluded "Our Business Plan is being implemented as originally set out
and we are pleased to provide the fundamental requirements of sound business
dealings to create long lasting shareholder value."
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.
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Eiger Technology, Inc.
818 Erie St. Stratford, ON N4Z 1A2 Phone:519-273-0503 Fax: 519-273-1684
e-mail: [email protected]
