ZAGG Inc Announces Preliminary Second Quarter 2013 Results

  ZAGG Inc Announces Preliminary Second Quarter 2013 Results

           Company Revises Guidance to Reflect Lower Sales Results

Business Wire

SALT LAKE CITY -- July 16, 2013

ZAGG Inc (NASDAQ: ZAGG), a leading mobile device accessories company with a
brand portfolio that includes ZAGG and iFrogz,  today announced certain
preliminary second quarter 2013 financial results. The Company expects revenue
for the quarter of approximately $51 million.

The Company’s revenues were unfavorably impacted in the quarter by the lack of
major device launches from the leading mobile computing manufacturers, slower
than expected retail distribution expansion and softness in the European
market. For the second half of 2013 the Company expects slower retail
expansion and projected softness in Europe to continue to impact revenue.

To reflect these changes, the Company is adjusting full year 2013 revenue
guidance down to a range of $245 million - $252 million.

Commenting on the announcement, Randy Hales, President and CEO, said, "We are
disappointed in the lack of progress that has been made in expanding our
product assortment with our existing customers and the slower than expected
extension of our distribution footprint this year. Additionally, we have been
impacted by the continued softness in the European markets. While our product
pipeline is strong, and the feedback on our new products has been positive, we
need to concentrate additional focus on our sales strategy. Effective
immediately I am expanding my responsibilities to assume a leadership role in
the execution of our sales plan."

ZAGG is scheduled to report its second quarter 2013 results in a webcast and
conference call on August 1, 2013, at which point the Company will discuss in
more detail the results of the quarter and expectations for the remainder of
2013. The conference call will be available to interested parties through a
live audio Internet broadcast accessible at investors.ZAGG.com. A podcast of
the conference call will also be archived at investors.ZAGG.com for one year.

About ZAGG Inc:

ZAGG Inc and its subsidiaries (collectively, the "Company", or "ZAGG") design,
produce, and distribute creative product solutionsfor mobile and media
accessoriessuch as protective coverings, cases, keyboards, keyboard cases,
earbuds, portablepower, and device cleaning under the family of ZAGG brands.
In addition, the Company designs, produces, and distributes cases, Near-Field
Audio™ amplifying speakers, earbuds, traditional headphones, and gaming
headphones for mobileand mediadevices under the family of iFrogz brands in
the value-priced lifestyle sector. ZAGG distinguishesitself as the preferred
brand by offering creative product solutions through targeted global
distribution channels, with the broadest product offering in its sector. More
information about the company and its brands is atwww.ZAGG.com.

Contact:

Investor Relations:
Genesis Select Corp.
Kim Rogers-Carrete, 303-415-0200
krogersc@genesisselect.com
or
Media:
LANE
Jane Taber, 503-546-7888
jane@lanepr.com
or
Company:
ZAGG Inc
Nathan Nelson, 801-263-0699 ext. 107
nnelson@zagg.com
 
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