Veo Press Release 08/01/04

SAN JOSE, Calif.—(BUSINESS WIRE)—Jan. 8, 2004—Veo, a leading provider of digital imaging products, today introduced a 1.3 megapixel camera designed to utilize Secure Digital IO(TM)(SDIO) card slots on select Tungsten(TM) handheld devices from palmOne, Inc. The Photo Traveler 130S(TM) is equipped with a true 1.3 megapixel sensor and standardized JPEG encoding, which allows users to easily transfer photos between devices or print 3"x5” photos directly from their handheld.

“With the release of our Photo Traveler 130S for Pocket PC, we were inundated with supporters who wanted the same great technology for the Palm OS platform,” said Tim Martin, Veo vice president. “We listened to our customers and today’s announcement answers all of those requests.”

The Photo Traveler 130S, priced at $99.99, will be available at major retailers in early February. The camera features an adjustable lens providing users with the flexibility of focusing on close or far away objects with crisp definition. Like the previous Compact Flash version of the Photo Traveler, the 130S can easily capture video clips, but takes the feature a step further by adding advanced audio/ video synchronization into the ASIC. The new 130S lens design now moves in a vertical orientation and features a “+10 design” to add additional degrees of freedom to the 180 degree swivel lens, making it more natural for users during self portrait and downward shots.

The new handheld camera, which works with a variety of devices from palmOne, including the Tungsten(TM) T family of handhelds, among other major Palm OS devices, will now operate on the latest (5.x) Palm OS operating system. All Photo Travelers are designed with an easy-to-use interface that lets users instantly capture, view, store and organize digital images in full.

“With the Photo Traveler 130S, our customers are able to combine the digital camera technology they demand with the convenience and mobility of their handheld,” said Jim Schwabe, general manager of accessories for palmOne.

About palmOne, Inc.
palmOne, Inc. delivers what matters most to customers—whether a single consumer or company of thousands—enabling users to improve their personal lives and professional productivity through mobile devices and solutions.

palmOne is the name adopted in October 2003 by Palm, Inc., when it spun off PalmSource, Inc., maker of the Palm OS platform software, and acquired Handspring, Inc. Uniting the Zire(TM), Tungsten and Treo(TM) subbrands, the creation of palmOne launched a new, stronger market leader in handheld computer and communications hardware and software solutions. More information about palmOne, Inc. is available at http://www.palmOne.com.

About Veo:
Founded in 1993, Veo is focused on creating and marketing exceptionally user-friendly digital imaging products that enable people around the world to instantly communicate. Veo’s expansive product family includes web, digital still, networking cameras, handheld cameras and embedded camera modules.

Veo products are available through major retail, online, distribution and OEM channels worldwide. The company headquarters are located in San Jose, California with operational and manufacturing facilities in Taiwan and China. For more information, contact Veo at 2210 O’Toole Avenue, Suite 150, San Jose, CA, 95131, or visit Veo’s website at www.veo.com.

This release contains forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. Although The Company believes that the expectations reflected in the forward-looking statements and assumptions upon which forward-looking statements are based are reasonable it can give no assurance that such expectations and assumptions will prove to have been correct.

Palm OS, palmOne, Tungsten, Zire and Treo are among the trademarks or registered trademarks owned by or licensed to palmOne, Inc. or its subsidiaries.