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iGO, Inc. Announces Reverse Stock Split and Cost-Savings Initiatives



iGO, Inc. Announces Reverse Stock Split and Cost-Savings Initiatives

SCOTTSDALE, Ariz., Feb. 4, 2013 (GLOBE NEWSWIRE) -- iGO, Inc. (Nasdaq:IGOI)
(the "Company") announced today that it intends to effect a reverse split of
its common stock at a ratio of 1-for-12. The reverse stock split, which was
approved by the Company's stockholders on January 25, 2013, will take effect
at 11:59 p.m. Eastern Time on February 4, 2013. The stock will begin trading
on a split-adjusted basis at the opening of markets on February 5, 2013.

As a result of the reverse stock split, every 12 shares of common stock issued
and outstanding prior to the opening of trading on February 5, 2013 will be
consolidated into one issued and outstanding share. No fractional shares of
common stock will be issued as a result of the reverse stock split, and any
fractional shares will be paid in cash. Proportional adjustments will be made
to the number of shares of iGO, Inc.'s common stock issuable upon exercise or
conversion of the Company's outstanding equity awards, as well as the
applicable exercise price.

The reverse stock split is intended to increase the per share trading price of
the Company's shares of common stock to satisfy the $1.00 minimum bid price
requirement for continued listing on the NASDAQ Capital Market.

The Company also announced that it has implemented a number of cost-savings
initiatives that have resulted in a reduction in its workforce and annual
operating expenses.

"We believe executing a reverse stock split to help us maintain our Nasdaq
listing is in the best interest of our shareholders," said Michael D. Heil,
President and Chief Executive Officer of iGO, Inc. "In addition, we believe
the cost-savings initiatives announced today will better align our cost
structure with our current level of revenue. None of the cost-savings
initiatives announced today will have any impact on our efforts to develop an
integrated circuit based on iGO Green® technology."

Information for Stockholders

Once the reverse stock split has been effected, the Company's transfer agent
will send a transmittal letter to all stockholders with instructions on how to
exchange their pre-split shares for post-split shares. 

If you hold shares in book-entry form, you will need to complete and return
the transmittal letter to the transfer agent, and the transfer agent will send
a transaction statement to your address of record indicating the number of
post-split shares of common stock that you hold. If you are entitled to a
payment in lieu of any fractional interest, the transfer agent also will mail
a check to you at your registered address.

If you hold shares in certificate form or a combination of certificate and
book-entry forms, the transmittal letter will include instructions for
exchanging certificates representing pre-split shares for a statement of
holdings of post-split shares and any payment of cash in lieu of fractional
shares to which you are entitled. When you submit your certificate
representing the pre-split shares, your post-split shares will be held
electronically in book-entry form. We will no longer issue physical stock
certificates unless you make a specific request for a share certificate
representing your post-split shares.

STOCKHOLDERS SHOULD NOT DESTROY ANY STOCK CERTIFICATE(S) AND SHOULD NOT SUBMIT
ANY CERTIFICATE(S) UNTIL REQUESTED TO DO SO.

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
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