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< INSERT PRESS RELEASE SUMMARY HERE>
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09/30/05
Digital Video Systems Announces Q1 and Q2 Financial Reports
Digital Video Systems, Inc., a global leader in DVD technologies, today announced financial results for the first and second quarters and six months ended June 30, 2005.
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07/14/05
Digital Video Systems Will be Delisted by The Nasdaq SmallCap Market
On July 13, 2005, Digital Video Systems, Inc received a letter from the Nasdaq Listings Qualification Panel (the "Panel")
notifying Digital Video that the Panel has denied the Company's request for continued inclusion on The Nasdaq SmallCap Market.
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06/07/05
Digital Video Systems Announces New Management and Restructuring of
Board of Directors
Digital Video Systems,
Inc., has named former CEO and Co-Chairman, Ms. Mali Kuo, to once
again lead the company. Ms. Kuo has been elected as its new CEO and
Chairman of the Board. The Company has also appointed Mr. Dean
Clarke Seniff as its CFO and Mr. Shaun Kang as its President. DVS
has also added three new members to its Board of Directors.
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06/01/05
DVS Receives Nasdaq Staff Letter
Digital Video Systems, Inc., or DVS, (Nasdaq: DVID), announced that it received a letter from
Nasdaq dated May 25, 2005, stating that the Company was not in compliance with Marketplace Rule 4310 (c) (14),
which requires that each issuer be current in its filing requirements with the SEC and Nasdaq.
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04/29/05
Digital Video Systems Announces $3.42 million Equity Settlement and $25 Million Financing Commitment
with Former CEO and Co-Chairman, Ms. Mali Kuo
Digital Video Systems, Inc.,
announced that it has reached an agreement with its former CEO and Co-chairman, Ms. Mali Kuo, to settle her $3.42 million judgment against the Company by the issuance of 1,001,470 shares of the Company’s common stock plus warrants to purchase 100,147 shares of common stock at $4.50 for one year.
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04/26/05
DVS RECEIVES NASDAQ STAFF LETTER
Digital Video Systems, Inc., announced that it received a letter from Nasdaq dated April 19, 2005, stating that the Company was no longer in compliance with the shareholders’ equity/market value of listed securities/net income requirement as set forth in Marketplace Rule 4310(c)(2) – Qualification Requirements for Domestic and Canadian Securities.
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04/22/05
DIGITAL VIDEO SYSTEMS RECEIVES GOING CONCERN OPINION
Digital Video Systems, Inc., said today that its Annual Report on Form 10-K for the year ended December 31, 2004 includes a going concern qualification.
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04/06/05
DVS Notified of Continued Nasdaq Listing
Digital Video Systems, Inc., received a letter on April 1, 2005,
(the "Letter") from The Nasdaq Stock Market Listing Qualifications Department (“Nasdaq staff”) indicating that the
Company has complied with all terms of the
Nasdaq Listing Qualifications Panel (“the Panel”) decision dated January 6, 2005.
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04/06/05
DIGITAL VIDEO SYSTEMS ANNOUNCES RECENT LITIGATION RESULTS
Digital Video Systems, today announced certain litigation results in pending cases in the Superior Court of Santa Clara County and the Seoul High Court in South Korea.
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03/21/05
DVS Receives NASDAQ Staff Letter
Digital Video Systems, Inc., has received a letter (the "Letter") from The Nasdaq Stock Market ("Nasdaq") Staff (the "Staff") stating that the Company may have violated Marketplace Rule 4350(i) - Shareholder Approval.
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03/01/05
DVS Announces Korea Subsidiary Agreement with Blaupunkt
Digital Video Systems, Inc., today announced that its Korea-based subsidiary, DVS Korea (DVSK), has been selected as a supplier to Bosch, a major automotive parts supplier, and Blaupunkt, its wholly owned subsidiary.
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02/09/05
DVS Announces 1-for-10 Reverse Split of Common Stock
Digital Video Systems, today announced that it has amended its Amended and Restated Certificate of Incorporation to effect a 1-for-10
reverse split of the outstanding shares of common stock, effective on February 9, 2005.
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02/09/05
DVS Announces Preliminary Court Action
DVS announced that on February 4, 2005, the Superior Court in Santa
Clara County entered judgment on a jury verdict against the Company in a wage dispute
involving its former Chief Executive Officer, Mali Kuo.
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01/12/05
Digital Video Systems Advanced Automotive DVD Products Showcased at CES 2005
DVS, today announced that its latest innovations in DVD technology for automotive original equipment and accessories markets received
a warm reception at the giant International Consumer Electronics Show 2005 (CES) in Las Vegas, January 6-9.
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01/12/05
DVS Announces Nasdaq Review Panel Decision
-- Digital Video Systems, Inc., or DVS, (Nasdaq: DVID - News), today announced that it had received a letter from The Nasdaq Stock Market Listing Qualifications Panel stating that the Panel had determined to allow the continued listing of the Company’s securities on The Nasdaq SmallCap Market.
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