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2012-10-12 21:02 CEST
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Correction - NeoMagic Corporation to Present at Private Proactive Investors Event

news release

Contact Information:
Rod Peterson
NeoMagic Corporation
(408) 428-9725

October 12, 2012 - NeoMagic Corporation (NMGC.PK), wishes to modify its press release of October 11, 2012 to correct an issue with broken links. The corrected links of the October 11 press release are in the accompanying release.

NeoMagic Corporation to Present at Private Proactive Investors Event

San Jose, California - October11, 2012

NeoMagic Corporation (NMGC.PK), the pioneer of embedded memory and logic technology, announced today that it will present at a Private Proactive Investors event in New York City. The event will be held from 5:30 P.M. to 8 P.M. EST, on Thursday, November 01, 2012 at the Hyatt 48 LEX, 517 Lexington Avenue (48th Street) New York, NY 10017.

During this event, Syed Zaidi, President and CEO of NeoMagic Corporation, and David Tomasello, NeoMagic's Chairman of the Board, will provide updates on the Company's business and its new e-Commerce venture, MercadoMagico.com.

Investors or persons attending who wish to meet with Mr. Syed Zaidi and Mr. David Tomasello for a one-on-one meeting should contact Edward Borrelli - Managing Director Proactive Investors, at ed@proactiveinvestorsusa.com or Investor Relations, at NeoMagic Corporation at ir@neomagic.com.

About Proactive Investors

Proactive Investors facilitate the largest global investor network across 4 continents in 4 languages. With a team of analysts journalists & professional investors Proactive produce independent coverage on 1000's of companies across every sector for private investors, private client brokers, fund managers and international investor communities. For more information, visit http://www.proactiveinvestors.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. We are also utilizing the MiMagic 6+ application processor in an M-book controller to be used by karaoke systems.

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.

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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