NOVATO, Calif., Aug. 23 /PRNewswire-FirstCall/ -- SpatiaLight, Inc. (BULLETIN BOARD: HDTV) , a leading developer and manufacturer of ultra high-resolution Liquid Crystal on Silicon (LCoS) microdisplays, today announced that a 50 to 1 reverse split became effective as of the close of trading August 23, 2007 and the Company's common shares will commence trading on August 24, 2007 on the OTCBB under the symbol SPLT.
Effective immediately upon the reverse split the Company will have 1,947,770 shares outstanding and a market capitalization of approximately $3.4 million.
About SpatiaLight
SpatiaLight, Inc., founded in 1989, manufactures high-resolution LCoS imagers for use in high-definition display applications such as rear projection televisions, monitors, front projection systems, near-to-eye applications, micro-projectors and other display applications. The company's primary manufacturing facility is located in South Korea. SpatiaLight is committed to developing microdisplay technologies that will be a standard for the next generation of consumer product displays and to providing OEMs with the most cost effective, high-resolution microdisplays in the industry.
For more information about SpatiaLight, please visit the Company's website at: http://www.spatialight.com/.
