DynaVox Announces Receipt of NASDAQ Notice to Delist Shares
PITTSBURGH, April 10, 2013 (GLOBE NEWSWIRE) -- DynaVox (Nasdaq:DVOX) today
announced that it received notification on April 5, 2013 that The NASDAQ Stock
Market LLC ("NASDAQ") has determined to delist the Company's Class A common
stock from the NASDAQ Global Select Market, effective with the open of
business on April 16, 2013. As previously disclosed, on October 2, 2012, the
Company received a notice from NASDAQ indicating it was not in compliance with
NASDAQ's $1.00 minimum bid price requirement. The delisting is the result of
the Company's failure to regain compliance with this requirement. The Company
will not appeal the NASDAQ staff's determination.
The Company has been advised by OTC Markets Group Inc. that its Class A common
stock will be immediately eligible for trading on the OTCQB marketplace
effective with the open of business on April 16, 2013. The Company's Class A
common stock will continue to trade under the symbol DVOX.
This press release contains forward-looking statements which reflect our
current views with respect to, among other things, the listing and trading of
our Class A common stock. You can identify these forward-looking statements by
the use of words such as "believes," "expects," "projects," "potential,"
"continues," "may," "will," "should," "seeks," "predicts," "intends," "plans,"
"estimates," "anticipates" or the negative version of these words or other
comparable words. Such forward-looking statements are subject to various risks
and uncertainties. Accordingly, there are or will be important factors that
could cause actual outcomes or results to differ materially from those
indicated in these statements. We believe these factors include but are not
limited to those described under "Risk Factors" in our Annual Report on Form
10-K, as such factors may be updated from time to time in our periodic filings
with the Securities and Exchange Commission (SEC), which are accessible on the
SEC's website at www.sec.gov. These factors should not be construed as
exhaustive and should be read in conjunction with the other cautionary
statements that are included in this release and in the Annual Report on Form
10-K and other filings. We undertake no obligation to publicly update or
review any forward-looking statement, whether as a result of new information,
future developments or otherwise.
About DynaVox Inc.
DynaVox Inc. is a holding Company with its headquarters in Pittsburgh,
Pennsylvania, whose primary operating entities are DynaVox Systems LLC and
Mayer-Johnson LLC. DynaVox provides speech generating devices and
symbol-adapted special education software used to assist individuals in
overcoming their speech, language and learning challenges. These solutions are
designed to help individuals who have complex communication and learning needs
participate in the home, classroom and community. Our mission is to enable our
customers to realize their full communication and education potential by
developing industry-leading devices, software and content and by providing the
services to support them. We assist individuals, families, and professionals
with an extensive field support organization, as well as centralized technical
and reimbursement support. For more information, visit www.dynavoxtech.com.
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