Law Offices of Howard G. Smith Announces Investigation on Behalf of Investors of CafePress, Inc.
Law Offices of Howard G. Smith Announces Investigation on Behalf of Investors of CafePress, Inc. Business Wire BENSALEM, Pa. -- June 18, 2013 Law Offices of Howard G. Smith announces that it is investigating potential claims on behalf of purchasers of the securities of CafePress, Inc. (“CafePress” or the “Company”) (NASDAQ:PRSS) concerning possible violations of federal securities laws. The investigation focuses on allegations that certain statements issued by the Company between March 28, 2012 and July 30, 2012, regarding CafePress’s business, operations and financial condition were false and misleading. CafePress operates an e-commerce platform enabling customers to create, buy and sell various customized and personalized products worldwide. The investigation relates to the Company’s July 30, 2012 announcement that the Company’s net loss for the 2012 fiscal second quarter had increased -- to $260,000, or 2 cents per share, from $129,000, or 1 cent per share, a year earlier -- and that the Company was lowering its guidance forecast moving forward. On this news, shares of the Company's stock declined $5.61 per share, or 40.95%, to close on July 31, 2012, at $8.09 per share, on unusually heavy trading volume. If you purchased CafePress’s securities between March 28, 2012 and July 30, 2012, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at www.howardsmithlaw.com. Contact: Law Offices of Howard G. Smith Howard G. Smith, Esquire 215-638-4847 888-638-4847 email@example.com www.howardsmithlaw.com