Neomagic Corporation : MercadoMagico.com Updates Its E-commerce Website To Include More Product Categories And Adds Social Media

  Neomagic Corporation : MercadoMagico.com Updates Its E-commerce Website To
        Include More Product Categories And Adds Social Media Support

news release

Investor Relations Information:
Rod Peterson
NeoMagic Corporation
Vice President, Administration and Information
(408) 428-9725



   MercadoMagico.com Updates Its E-commerce Website To Include More Product
                   Categories And Adds Social Media Support

San Jose, California - January 15, 2013, MercadoMagico.com, a division of
NeoMagic Corporation (NMGC.PK), today announced it has expanded its
multi-vendor online marketplace by including more product categories beyond
Consumer Electronics and Media to include Health & Beauty, Toys, Art and
Fashion.

Social media links like Twitter, Facebook, Pinterest and LinkedIn has been
added for each product listing so that buyers and vendors can share product
information with their friends and clients

MercadoMagico.com can now offer its vendors powerful e-Commerce tools for
Sales Tracking, Customer Communication, Sales Report Generation, Powerful
Search Engine and much more. MercadoMagico is committed to building a premier
world-class e-Commerce site, and providing customers with a unique buying
experience.

"By adding more product categories we are in line with our vision of creating
a one-stop shopping experience, "said Syed Zaidi, President and CEO of
NeoMagic Corporation. He continued, "Our commitment to offer exclusive product
lines and provide our vendors with world class tools will no doubt help
position MercadoMagico.com as a premier e-commerce site."

For more information, please contact Investor Relations at IR@neomagic.com

About NeoMagic

NeoMagic designs and delivers consumer electronic device solutions with
semiconductors and software for video, television, imaging, graphics, and
audio. We provide low cost, innovative chip technology for tomorrow's
entertainment and communication needs. Our solutions offer low power
consumption, small form-factor and high performance processing. As part of our
complete system solution, we deliver a suite of middleware and sample
applications for imaging, video and audio functionality, and we provide
multiple operating system ports with customized drivers for our products. Our
product portfolio includes semiconductor solutions known as applications
processors. Our applications processors are sold under the "MiMagic" brand
name with a focus on enabling high performance processor within a low power
consumption environment. The Company has developed the Horizon Digital Picture
Frame kit using our MiMagic 6+ application processor.

Our capabilities give our partners and their customers' high quality answers
to excite and enhance the consumer's lifestyle. For more information, visit
www.neomagic.com.

NeoMagic owns and operates MercadoMagico.com.

MercadoMagico is a registered trademark.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. Such forward-looking
statements involve significant risks and uncertainties. Such statements may
include, without limitation, statements with respect to the Company's plans,
objectives, projections, expectations and intentions and other statements
identified by words such as "projects," "may," "could," "would," "should,"
"believes," "expects," "anticipates," "estimates," "intends," "plans," or
similar expressions. These statements are based upon the current beliefs and
expectations of the Company's management and are subject to significant risks
and uncertainties, including those detailed from time-to-time in the Company's
filings with the Securities and Exchange Commission, including our Form10-K's,
10-Q and 8-K's for 2007 through the date of October 31, 2010 hereof have been
made available to the Investor at www.sec.gov. Information for the period
ending January 30, 2011 to the present is not available through the SEC due to
the cessation of the Company's required filings under the 1934 Act. Actual
results, including, without limitation, the Company's ability to successfully
raise capital may differ significantly from those set forth in the
forward-looking statements. Forward-looking statements involve risks and
uncertainties that are subject to change based on various factors (many of
which are beyond the Company's control). For example, statements about our
expectations in connection with financings are subject to a variety of
uncertainties and are subject to change as a result of changes in
circumstances that could make it difficult for us to consummate such
financings on terms acceptable to the Company, or at all. The Company
undertakes no obligation to update any forward-looking statements, except as
provided for by law.

NeoMagic is a registered trademark of NeoMagic Corporation and MiMagic is
trademarked. All other trademarks are the property of their respective owners.
NeoMagic disclaims any proprietary interest in the marks and names of others.

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Source: Neomagic Corporation via Thomson Reuters ONE
HUG#1670706
 
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