Photo Rumors is reporting:

Noboru Akabane, President of Pentax Imaging Ricoh, announced plans to
abolish future Pentax compact digital cameras and focus on DSLRs. All
future compact cameras will be under the Ricoh brand while DSLR and
mirrorless camera will be under the Pentax name. It is not clear what
will happen with the Ricoh GXR system.

http://photorumors.com/2012/07/13/pentax-ricoh-products-shuffle/

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