NeoMagic(R) Corporation Announces Financing and Board Member

SAN JOSE, Calif., Feb. 16 /PRNewswire-FirstCall/ -- NeoMagic Corporation (Pink Sheets: NMGC), today announced a $320,000 private placement pursuant to which it issued 6.4 million shares of common stock. The financing closed on February 11, 2010. NeoMagic intends to use the net proceeds from this fin

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