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NeoMagic announces new board members

Staff writer |
San Jose, Ca., USA - October 15, 2009, San Jose, Ca., USA - NeoMagic Corporation, an IT company, and an investor group led by Bluestone Financial, announced that they have entered into a Stock Purchase Agreement. As part of this transaction, NeoMagic also announced three new members to its board of directors.



In addition to being the Managing Director of Bluestone, David Tomasello is also the managing partner of Attiva Capital Partners, Ltd., an independent investment firm. He is a shareholder of WorldGate Communications, Inc. and until recently was a member of their board of directors. WorldGate is a leading provider of personal video phones and related technology. Mr. Tomasello formerly served on NeoMagic's board of Directors from August 2008 to September 2008. Mr. Tomasello is a graduate of Boston University with a BS/BA degree in finance.

Jorge Granier-Phelps is the Managing Director of Mediastone LLC, one of NeoMagic's new investors. He is also currently the Director of Business Development at Radio Caracas Television (RCTV) and a co-founder of GOTV, a premium Hispanic digital distribution company. An award winning filmmaker and entrepreneur, Mr. Granier-Phelps is a fellow of the Motion Picture Institute and a member of the International Academy of Television Arts & Sciences.

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