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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.

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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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