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| | ESS Technology Announces 5,000,000 Share Repurchase Program |
 | | The 5,000,000 shares authorized for repurchase today are in addition to approximately 600,000 shares that remain available for repurchase under ESS's previously announced repurchase plan of May 7, 2002, whereby ESS announced a share repurchase of 3,000,000 shares, of which approximately 2,400,000 were repurchased prior to June 30, 2002. |
 | | Robert Blair, president and chief executive officer of ESS Technology commented, "We believe that ESS is succeeding in achieving our strategy and objectives, including becoming the number one supplier of DVD and VCD chips worldwide. |
 | | The stock will be repurchased on the open market from time to time at management's discretion. |
| www.prnewswire.com /cgi-bin/stories.pl?ACCT=104&STORY=/www/story/08-08-2002/0001779723&EDATE= (349 words) |
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