VRINGO TO BEGIN TRADING ON NASDAQ
(Thomson Reuters ONE) -
Ticker Symbol Will Remain "VRNG"
NEW YORK - April 19, 2013 - Vringo, Inc. (NYSE MKT: VRNG), a company engaged in
the innovation, development, and monetization of mobile technologies and
intellectual property, today announced that it has been approved for listing on
NASDAQ under the symbol "VRNG", and the warrants will trade under the new symbol
"VRNGW."
Trading on NASDAQ is expected to commence on April 30, 2013. Vringo's common
stock and warrants will continue to trade on the NYSE MKT until the market close
on April 29, 2013.
"We believe that NASDAQ offers an exciting platform for our growing company,"
said Andrew Perlman, Chief Executive Officer of Vringo. "We feel that NASDAQ's
international presence aligns with our intention to create, acquire and monetize
intellectual property on a global scale. In addition, we believe that listing
on NASDAQ will increase our exposure to institutional shareholders."
"We are extremely pleased to welcome Vringo to the NASDAQ Stock Market," said
Andrew Hall, Managing Director, NASDAQ OMX. "We are confident that a listing
with NASDAQ will provide Vringo with enhanced visibility, greater liquidity and
increased exposure to the institutional investment community. We look forward to
our partnership with Vringo in the years to come."
Forward-Looking Statements
This press release includes forward-looking statements, which may be identified
by words such as "believes," "expects," "anticipates," "estimates," "projects,"
"intends," "should," "seeks," "future," "continue," or the negative of such
terms, or other comparable terminology. Forward-looking statements are
statements that are not historical facts. Such forward-looking statements are
subject to risks and uncertainties, which could cause actual results to differ
materially from the forward-looking statements contained herein. Factors that
could cause actual results to differ materially include, but are not limited to:
our inability to license and monetize our patents, including the outcome of the
litigation against online search firms and other companies; our inability to
monetize and recoup our investment with respect to patent assets that we
acquire; our inability to develop and introduce new products and/or develop new
intellectual property; new legislation, regulations or court rulings related to
enforcing patents, that could harm our business and operating results; the
inability to realize the potential value created by the merger with
Innovate/Protect for our stockholders; unexpected trends in the mobile phone and
telecom infrastructure industries; our inability to raise additional capital to
fund our combined operations and business plan; our inability to maintain the
listing of our securities on a major securities exchange; the potential lack of
market acceptance of our products; potential competition from other providers
and products; our inability to retain key members of our management team; and
other risks and uncertainties and other factors discussed from time to time in
our filings with the Securities and Exchange Commission ("SEC"), including our
annual report on Form 10-K filed with the SEC on March 21, 2013. Vringo
expressly disclaims any obligation to publicly update any forward-looking
statements contained herein, whether as a result of new information, future
events or otherwise, except as required by law.
Contacts
Investors and Media:
Cliff Weinstein
Executive Vice President
Vringo, Inc.
646-532-6777
cweinstein(at)vringoinc.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Vringo, Inc. via Thomson Reuters ONE
[HUG#1694366]
Unternehmensinformation / Kurzprofil:
Datum: 19.04.2013 - 14:35 Uhr
Sprache: Deutsch
News-ID 250872
Anzahl Zeichen: 4605
contact information:
Town:
New York
Kategorie:
Business News
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"VRINGO TO BEGIN TRADING ON NASDAQ"
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