Eiger announces share consolidation and name change

    TORONTO, June 20 /CNW/ - Eiger Technology, Inc. (CNQ: GAME, OTCBB: ETIFF)
("Eiger" or the "Company") announces that its previously announced planned
share consolidation of one post-consolidation common share for every ten
pre-consolidation common shares will have a record date of June 26, 2008.
Additionally, the Company will change its name to "Gamecorp Ltd." effective on
the record date.
    Open orders for Eiger shares will be purged from the trading system at
the close of business on June 25, 2008 as trading will commence on a
consolidated basis on June 26, 2008. The trading symbol will remain "GAME".
Any fractional shares will be rounded to the nearest whole post-consolidation
common share. The Company anticipates there will be approximately 4,230,205
outstanding common shares post-consolidation. Eiger common shares have been
assigned a new CUSIP number, 364665109. The transactions are subject to
regulatory approvals.

    Eiger Technology, Inc., headquartered in Toronto, Ontario, is a public
company that trades under the symbol GAME on the Canadian Trading and
Quotation System Inc. and under the symbol ETIFF on the Over the Counter
Bulletin Board. For more information please call (416) 477-5656 or refer to

    The management of the company, who take full responsibility for its
content, prepared this press release. The Canadian Trading and Quotation
System Inc. has not reviewed and does not accept responsibility for the
adequacy or accuracy of this release. This press release contains
forward-looking statements relating to future events and results that are
based on Eiger's current expectations. These statements involve risks and
uncertainties including, without limitation, Eiger's ability to successfully
develop and market its products, consumer acceptance of such products,
competitive pressures relating to price reductions, new product introductions
by third parties, technological innovations, and overall market conditions.
Consequently, actual events and results in future periods may differ
materially from those currently expected.

For further information:

For further information: John G. Simmonds, Eiger Technology, Inc.,
Telephone: (416) 477-5656, Ext. 301

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