iGO, Inc. Files Preliminary Proxy Materials Requesting Stockholder Approval for Reverse Stock Split

iGO, Inc. Files Preliminary Proxy Materials Requesting Stockholder Approval
for Reverse Stock Split

SCOTTSDALE, Ariz., Dec. 20, 2012 (GLOBE NEWSWIRE) -- iGO, Inc. (Nasdaq:IGOI)
announced today that it has filed preliminary proxy materials requesting
stockholder approval for an amendment to the Company's Certificate of
Incorporation that would authorize the Board of Directors to effect a reverse
stock split of the Company's common stock at a ratio in the range of 1:10 to
1:15, if deemed necessary. A reverse stock split may enable the Company to
regain compliance with NASDAQ's $1.00 minimum bid price requirement and
maintain its listing on the NASDAQ Capital Market.

As described in the preliminary proxy materials, iGO, Inc. will hold a special
meeting of stockholders in Scottsdale, Arizona on Wednesday, January 23, 2013
at 10:00 a.m. local time to consider approval of the reverse stock split. The
meeting will be held at the Company's headquarters located at 17800 North
Perimeter Drive, Suite 200, Scottsdale, Arizona 85255. Stockholders of record
at the close of business on December 24, 2012 will receive notice of the
special meeting and be entitled to vote at the meeting. Further details of the
special meeting and contemplated reverse stock split are set forth in the
preliminary proxy materials filed today.

Definitive proxy materials for this special meeting of stockholders are
expected to be filed on or about December 31, 2012, subject to review from the
Securities and Exchange Commission (SEC).

Additional Information

This press release is not a solicitation of stockholders or their votes on the
proposed reverse split. iGO, Inc. urges investors to review the proxy
statement and other information filed with the SEC because they contain
important information regarding the matters to be voted on at the special
meeting. These documents are available without charge on the SEC website at
www.sec.gov. A free copy of the preliminary proxy statement may also be
obtained in the Investor Relations section of the Company's website at
www.igo.com. Investors should read the proxy statement carefully before making
any voting decision.

About iGO, Inc.

iGO, Inc. offers a full line of innovative accessories for almost every mobile
electronic device on the market. Whether a consumer wants to power, protect,
listen to, share, cool, hold or connect to their device, iGO has the
accessories they need. iGO is also a leader in developing eco-friendly power
solutions based on its patented iGO Green® technology, which automatically
reduces the wasteful and expensive standby, or "vampire," power consumed by
electronic devices.

iGO's products are available at www.igo.com as well as through leading
resellers and retailers.For additional information call 480-596-0061, or
visit www.igo.com.

iGO is a registered trademark of iGO, Inc. All other trademarks or registered
trademarks are the property of their respective owners.

This press release contains "forward-looking statements" within the meaning of
Section 21E of the Securities Exchange Act of 1934.The words "believe,"
"expect," "anticipate," "should," and other similar statements of our
expectation identify forward-looking statements.These forward-looking
statements are based largely on management's expectations and involve known
and unknown risks, uncertainties and other factors, which may cause the
Company's actual results, performance or achievements, or industry results, to
be materially different from any future results, performance or achievements
expressed or implied by these forward-looking statements.Risks that could
cause results to differ materially from those expressed in these
forward-looking statements include, among others, our ability to expand and
diversify our customer base; increased focus of consumer electronics retailers
on their own private label brands; our ability to expand our revenue base and
develop new products and product enhancements; fluctuations in our operating
results because of: increases in product costs from our suppliers, our
suppliers' ability to perform, the timing of new product and technology
introductions and product enhancements relative to our competitors, market
acceptance of our products, the size and timing of customer orders, our
ability to effectively manage inventory levels, delay or failure to fulfill
orders for our products on a timely basis, distribution of or changes in our
revenue among distribution partners and retailers, our inability to accurately
forecast our contract manufacturing needs, difficulties with new product
production implementation or supply chain, product defects and other product
quality problems, the degree and rate of growth in our markets and the
accompanying demand for our products, our ability to expand our internal and
external sales forces and build the required infrastructure to meet
anticipated growth, and seasonality of sales; our ability to manage our
inventory levels; decreasing sales prices on our products over their sales
cycles; our failure to integrate acquired businesses, products and
technologies; our reliance on and the risk relating to outsourced
manufacturing fulfillment of our products, including potential increases in
manufacturing costs; the negative impacts of product returns; design and
performance issues with our products; liability claims; our failure to expand
or protect our proprietary rights and intellectual property; intellectual
property infringement claims against us; our ability to hire and retain
qualified personnel; our ability to secure additional financing to meet our
future capital needs; increased competition and/or reduced demand in our
industry; our failure to comply with domestic and international laws and
regulations; economic conditions, political events, war, terrorism, public
health issues, natural disasters and similar circumstances; that our common
stock could be delisted from the NASDAQ Capital Market; volatility in our
stock price; concentration of stock ownership among our executive officers and
principal stockholders; provisions in our certificate of incorporation, bylaws
and Delaware law, as well as our stockholder rights plan, that could make a
proposed acquisition of the Company more difficult; and dilution resulting
from potential future stock issuances.

Additionally, other factors that could cause actual results to differ
materially from those set forth in, contemplated by, or underlying these
forward-looking statements are included in the Company's Quarterly Report on
Form 10-Q for the quarter ended September 30, 2012 and the Company's Annual
Report on Form 10-K for the year ended December 31, 2011 under the heading
"Risk Factors."In light of these risks and uncertainties, the forward-looking
statements contained in this press release may not prove to be accurate.The
Company undertakes no obligation to publicly update or revise any
forward-looking statements, or any facts, events, or circumstances after the
date hereof that may bear upon forward-looking statements.Additionally, the
Company does not undertake any responsibility to update you on the occurrence
of unanticipated events which may cause actual results to differ from those
expressed or implied by these forward-looking statements.

CONTACT: Tony Rossi
         Financial Profiles
         310-478-2700 x13
         trossi@finprofiles.com
 
Press spacebar to pause and continue. Press esc to stop.