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Press Releases
FOR IMMEDIATE RELEASE
For more information contact:
Lisa Lee
DLC
310.227.8230
Lisa.lee@sixdgrs.com
Mondo Systems Inc. Uses DLC for Financial Forecasting and Analysis
Woodland Hills, CA. – June 19, 2006 – DLC, the leader in helping companies transform ideas into action, one project at a time, today announced Mondo Systems Inc. is using DLC for financial planning and analysis to secure additional manufacturing finance, consumer finance and a second round of funding from SoftBank Japan.
Since creating Trigem Computer Inc. (Global PC maker in Korea – Supplier to IBM, HP -- $4 Billion annual sales), Averatec (Award winning maker of notebooks - PC Editor’s Choice, 2004), ThruNet (Broadband ISP in Korea -- 1.3MM subscribers/$344 MM annual sales) and eMachines, (First $400 PC - $1 Billion in annual sales acquired by Gateway Computers) founders Chris Chung and Paul Lee have established Mondo Systems to deliver the first all digital Home Entertainment Center.
“Mondo is the new entertainment playground for every member of the family,” Chris Chung, Ph.D., Chief Executive Officer and Founder. “From watching movies, playing video games, listening to music or creating custom photo projects, Mondo is the digital home entertainment system with the endless options of a PC.”
Since its initial round of $10 Million from Softbank Japan, the company needed expansion capital and finance to maintain its commitments to its various distribution channels including Vodafone Japan, large U.S. retailers and the Custom Electronic Design and Installation Association (CEDIA).
To achieve these objectives Mondo turned to DLC for assistance in financial forecasting and analysis to secure manufacturing, inventory and consumer finance. “DLC has supported our finance needs in the preparation of annual operating plans and 5-year plans; sales and profitability analysis by customer, product lines and channels; forecasting model creation, pricing analysis and capital expenditure analysis and planning,” states, CEO, Chris Chung. “They are the best “on demand” resource I have worked with and a critical asset to our company’s’ success in securing additional finance” he added.
About DLC
DLC is a professional services firm that helps Fortune 1000 companies transform ideas into action, one project at a time. Named the fastest growing company in Los Angeles (2004), the Company provides accounting and finance human capital on a project basis. With over 150 consultants,DLC has established itself as a leading business services provider for companies seeking assistance in financial planning and analysis, financial accounting and reporting, financial systems implementation, interim or "Gap" financial management, process documentation & redesign, project management, M&A due diligence support and post merger financial integration.
Headquartered in Woodland Hills, California, the Company operates 3 offices covering Southern California and 1 office in Chicago with plans of nationwide expansion over the next three years. The client portfolio boasts services to more than one-third of the 47 Fortune 1000 companies based in Southern California. Clients include Nestle, ConAgra, Wellpoint, CB Richard Ellis, Fluor, Taco Bell, DirecTV, Countrywide Financial, Kinko’s, Ingram Micro, Warner Bros., Tickets.com, Makita, Spectrum Pharmaceuticals, Sunkist, Union Bank of California, Universal Studios and many others, large and small.
"DLC," the “DLC" logo and service names are trademarks of DLC. References to other companies and their products use trademarks owned by the respective companies and are for reference purpose only.
About Mondo System, Inc.
Headquartered in Korea, Mondo System, Inc. is an innovator of digital home entertainment systems. Mondo System brings affordable luxury to gamers and movie enthusiasts, with a home theater system that delivers the convenience and ease-of-use of a PC, but feels like a custom-built home entertainment center. Founded in 2005, Mondo Systems’ commitment and passion for advancement through technology drives the continued quest for the ultimate in premium entertainment solutions. For more information visit www.mondosystem.com
Safe Harbor Statement
Statements in this press release other than statements of historical fact are forward-looking statements, including, but not limited to, statements concerning the potential success of anticipated product features, the anticipated product offerings and the potential market opportunities for business performance management software. Such statements constitute anticipated outcomes and do not assure results. Actual results may differ materially from those anticipated by the forward-looking statements due to a variety of factors, including, but not limited to the company's ability to retain and attract key employees, the successful and timely development of new products, the impact of competitive products and pricing, customer demand, and technological shifts.
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