News Source: LG Electronics Inc.

ENGADGET: LG Application Store aims to sate WinMo, Android and featurephone users alike

SEOUL, Apr. 25, 2012 -- LG Electronics Inc. (LG) today announced that after two consecutive quarters of net losses, the company has turned the corner with a net profit of KRW 243 billion (USD 214.9 million), a direct result of the company's efforts to innovate in all key business units and focus on high performing products.

ENGADGET: LG's Q1 2012 earnings show greater profits on strong TV, phone sales

"OLED TV will usher in a whole new era of home entertainment, " said Jay Vandenbree , senior vice president, LG Electronics USA Inc.

ENGADGET: LG's 55-inch OLED television starting at $12K, shipping in March

"The ATSC Mobile DTV standard offers broadcasters remarkable flexibility to address the changing demands of consumers and advertisers, " said Dr. Skott Ahn, president and chief technology officer, LG Electronics, Inc.

ENGADGET: LG's glassesless 3D Mobile DTV eyes on (update: video)

About LG Electronics USA, Inc.

ENGADGET: LG's 84-inch 4K ultra high definition TV goes on sale in the US next month for $19,999

"Ultra-definition television will transform the giant-screen viewing experience in the years ahead, and LG is proud to bring this new technology to market so that discerning U.S. consumers can enjoy a fully immersive home theater experience, " said Jay Vandenbree, senior vice president, home entertainment, LG Electronics USA, Inc.

ENGADGET: LG's 84-inch 4K ultra high definition TV goes on sale in the US next month for $19,999

"The expansive selection of channels from FiOS TV and on-demand content from Verizon's Flex View library further strengthens LG's Smart TV platform, giving consumers of all ages a virtually limitless amount of entertainment on TVs, Blu-ray players, PCs, even tablets and phones, " said Samuel Chang, vice president, Smart TV and Innovation, LG Electronics USA, Inc.

ENGADGET: Verizon FiOS brings its live TV streaming app to LG Smart TVs