Mio STATEMENT OF CLARIFICATION

In response to the article published in GPS Business News entitled “Mio closing business in the US” on April 3, 2009, Mio announced that the company will continue the sales in the North American market. Mio will offer products in selected channels and launch new products in May. Mio emphasize that the company will also continue to deliver sleek, easy-to-use portable navigation devices to the market, and also accelerate the development of a variety of innovative GPS-based lifestyle products that extend the user experience well beyond traditional PNDs.

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Mio Technology Corporation

Mio Technology develops and markets products which enable users to take advantage of the latest developments in mobile services. The brand was established in May 2002 and now has operations in Taiwan, mainland China, Europe, North America, Australia, Japan and South Korea. Mio currently employees 1,200+ employees worldwide and sells and markets its products in over 47 countries and territories.
It is Mio’s, prediction that mobile life and mobile business will be the main-stay of life in the future. Products, including Car Navigation, Portable navigation and navigation PDA systems, have been developed by focusing on the needs of customers. Mio’s brand tagline, “Explore More”, focuses on changing the way people experience the world and letting users know that they can explore the world easily and freely.