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Fremont, Calif.- January 13, 2005 - Vialta, Inc.
(OTC:VLTA) today announced that the Spanish telecommunications
company, Telefonica, has chosen the Vialta Beamer as
the videophone of choice for its customers. Telefonica
is the third major European telecommunications company
to select Vialta's Beamer Videophone for its product
line.
Telefonica,
which has a significant presence in 15 countries and
operations in approximately 40, will be marketing Beamer
videophones to its customer base of over 100 million,
and also has access to more than 550 million potential
clients. Telefonica views Beamer videophones as an easy
and practical way for its customers and potential clients
to see their loved ones.
"Vialta
is enthusiastic about working with Telefonica, and sees
this partnership as another successful step in our goal
to make Beamer videophones available worldwide,"
stated Didier Pietri, Vialta's president and chief executive
officer. Pietri continued, "Seeing loved ones with
Beamer videophones makes each call even more emotionally
rewarding, helping friends and family to stay connected
when far apart."
Beamer
instantly adds video to phones calls, allowing customers
to hear and see the person they are speaking with. Beamer
works with any home phone over any standard (analog)
phone line, and there is no additional cost to the phone
call. Beamer is a multi-award winning product, winning
honors from the Consumer Electronics Association, iParenting
and Good Housekeeping magazine.
About
Telefonica
Telefonica
is one of the world's top telecommunications companies,
the third largest fixed line operator in Europe, and number
one in Spain, Brazil, Argentina, Chile and Peru. Its activities
are centered mainly on the fixed and mobile telephony
business.
About
Vialta
Vialta
develops, designs and markets unique and innovative home
entertainment and communications products for the mainstream
consumer. The company was formed in April 1999 and is
publicly traded on the OTC Bulletin Board under the symbol
VLTA. The company is headquartered in Fremont, California
with offices in Los Angeles and Hong Kong.
Forward-Looking
Statements
The matters discussed in this news release include
certain forward-looking statements that involve risks
and uncertainties, including, but not limited to, the
possible reduction of consumer spending, the timely
availability and acceptance of the Company's new and
existing products, the impact of competitive products
and pricing, the dependence on continued growth in demand
for consumer products, the risk that products shipped
by the Company will be returned, and the other risks
detailed from time to time in the SEC reports of Vialta,
including the reports on Form 10-K and Form 10-Q. Actual
results could differ materially from those projected
in the forward-looking statements.
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