Prime Electronics & Satellitics Inc. authorizes a Buyback Plan.

Prime Electronics & Satellitics Inc. is a Taiwan-based company principally engaged in the manufacture, processing and sales of digital communication products. The Company's main products include digital set top boxes (STBs), digital front systems, as well as satellite communication transmission systems, such as low noise block-converters (LNB) and multi switches, digital head-end products, direct-to-home (DTH) products, pay television (TV) STBs, personal video recorders (PVRs), high definition television (HDTV) STBs and others. The Company mainly distributes its products within domestic market and to overseas markets, including the Mainland China, the United States of America (the USA), Luxembourg and other countries.