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VIALTA EXPLORES STRATEGIC ALTERNATIVES

FREMONT - Vialta Inc.has retained Needham & Company Inc., an investment banking and asset management firm, to explore a range of strategic alternatives, including a possible sale of the company.

According to a press release distributed by the company, its board of directors believes that its product development cycle has been established and it is now seeking strategic opportunities to provide the resources necessary to exploit its potential and maximize shareholder value. The board has appointed a special committee of independent directors to work with Needham & Co. and consider any alternatives they present.
 
Vialta has no outstanding debt and more than $24 million in cash, cash equivalents and short-term investments, the release said. It generated more than $10 million in revenues in 2003 and reported net income of $1.5 million for the first quarter ended March 31, 2004.
 
Last year, Vialta introduced three new products, doubled domestic retail distribution to more than 1500 locations nation-wide, signed marketing agreements with two international telecoms, and received sales contributions from eight foreign markets - all of which "is closely linked to the record results achieved," the release said.

Vialta develops, designs and markets unique and innovative home entertainment and communications products for the mainstream consumer. The Fremont-headquartered company was formed in April 1999 and is has offices in Los Angeles and Hong Kong.
 
PRUDENTIAL INTRODUCES NEW ASIA, EU BRAND NAME
 
IRVINE - Prudential Real Estate and Relocation Services has announced that all of its relocation offices located outside North America have been re-named Pricoa Relocation, a brand name used by its US-based parent company Prudential Financial Inc. domestically and internationally for more than a decade.

Affected by the name change will be five Prudential Relocation offices in Hong Kong, Singapore, Tokyo, Shanghai, and Taiwan, as well as two in London and Paris.
 
Prumerica Homefront Ltd. in Hong Kong is now Pricoa Relocation Hong Kong Limited and Prumerica Consulting (Shanghai) Co. Ltd. is now Pricoa Consulting (Shanghai) Co. Ltd.; while Prumerica ARM Pte. Ltd. in Singapore, Prumerica ARM Pte. Ltd.,in Taipei, Taiwan, and Prumerica ARM Pte. Ltd. in Tokyo now operate under the name Pricoa Relocation Asia Pte. Ltd.

In addition, Karen Deane Relocation Limited in London is now Pricoa Relocation United Kingdom, Limited, while Corporate Relocations France SAS in Paris has been re-named Pricoa Relocation France SAS.
 
The offices will use the Pricoa Financial logo, which incorporates the well-known "Rock of Gibraltar" logo that has been used by Prudential Financial companies for more than 100 years.

In addition, a new website -  www.pricoarelocation.com - has been launched. 

Prudential Relocation offices in North America - Irvine, California, where the company is headquartered; Phoenix, Arizona; New York City; Valhalla, New York; and Washington, D.C. in the US; Prudential Financial Mexico S. de RL de C.V in Mexico City, Mexico; and Prudential Relocation, Ltd. (Toronto) in Toronto, Canada - are unaffected by the name change.

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