Vringo, Inc. : VRINGO TO BEGIN TRADING ON NASDAQ
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
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
"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."
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.
Investors and Media:
Executive Vice President
This announcement is distributed by Thomson Reuters on behalf of Thomson
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
information contained therein.
Source: Vringo, Inc. via Thomson Reuters ONE
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