ABIT Merger Press Release
ABIT Announces Merger with USI
Long-term strategic partnership marks new chapter for ABIT
Taipei, Taiwan, January 25, 2005 – ABIT Computer Corporation, maker of high-performance motherboards and PC peripherals, today announced a definitive agreement to enter a long-term strategic partnership with Universal Scientific Industrial Co., Ltd. (USI), leading global company in the DMS industry. USI is recognized as the strategic DMS partner for global brands in the 4C (Computing, Communications, Consumer Electronics and Car Electronics) industries. Integrating its core technologies of Computing, Wireless Communication and Video/Audio Processing, USI offers high quality, value-added and cost-competitive products covering 4C application fields. This merger enables USI to effectively penetrate the retail motherboard channel with the world's 4th largest branded motherboard maker, and allows ABIT to leverage a world-class manufacturing and service network.
"The partnership with USI marks a new, exciting chapter in ABIT history," notes Jason Hsu, Executive Vice President, ABIT Computer Corporation. "The past 15 months have certainly been trying times for ABIT, and we have to thank all the ABIT fans around for the world for their undying support throughout this most difficult period in ABIT's history. Now, with USI's manufacturing excellence and economies of scale, coupled with ABIT Engineering and innovation, we are confident that our combined resources will produce our most exciting ABIT products ever. To those who have stuck with us, we thank you -- the best is yet to come."
