Neomagic Corporation : MercadoMagico.com Exclusive Agreement With Wave Energy Drink

Neomagic Corporation : MercadoMagico.com Exclusive Agreement With Wave Energy
                                    Drink

news release

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

         MercadoMagico.com Exclusive Agreement With Wave Energy Drink

San Jose, California - May 07, 2013, MercadoMagico.com, a division of NeoMagic
Corporation (NMGC.PK), today announced it has secured an agreement for online
                     exclusivity with Wave Energy Drink.

MercardoMagico is an online storefront solution for businesses that desire to
provide their customers with online shopping access. "We are very excited to
have Wave Energy Drink as an exclusive vendor," said Syed Zaidi, President and
CEO of NeoMagic Corporation. He continued, "MercadoMagico.com is the perfect
fit for Wave Energy Drink, MercadoMagico.com provides features that create a
simplistic buying and selling experience for customers and vendors."

"We've had an influx of customers on a national level asking about the product
and decided that we need to meet our customer's demands, said David W.
Tomasello, CEO of Wave Energy Drink. By having an option for Wave Energy Drink
online, this helps us expand our consumer base and also shows us where high
demand for the drink is both on a national and soon international level." He
continued, "I was very impressed by MercadoMagico's ease of setup,
capabilities and usability. I am enthusiastic about utilizing its rich
features as I expand my brand awareness. "

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.

In October 2012, NeoMagic entered into the e-Commerce arena with the
acquisition of its MercadoMagico.com division. MercadoMagico.com is an
e-Commerce platform that will target the U.S. Market with a special focus on
the fast growing Hispanic and Latino community. MercadoMagico.com provides a
platform where users will be able to buy and sell products from one another or
buy premium electronic products directly from MercadoMagico.com.

About Wave Energy Drink

Founded in 2008 and headquartered in Charlotte, N.C. Wave Energy Drink was
created to provide consumers with the healthier and best tasting, all natural
energy drink on the market today. Wave Energy Drink offers a high dose of
vitamins, which take you on the wildest ride of your life. It's the entire
splash without the crash! After years of research, Wave was created to be the
best tasting all-natural energy drink available. Wave's unmistakable
fruit-infused flavor is available in Original and Sugar-Free varieties.
Whether it's an all-nighter, extreme sports or partying until dawn. Wave keeps
you up and at 'em!

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
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