Law Offices of Howard G. Smith Announces Lead Plaintiff Deadline in the Class Action Lawsuit Against Velti plc

  Law Offices of Howard G. Smith Announces Lead Plaintiff Deadline in the
  Class Action Lawsuit Against Velti plc

Business Wire

BENSALEM, Pa. -- September 4, 2013

Law Offices of Howard G. Smith announces that investors of Velti plc (“Velti”
or the “Company”) (NASDAQ:VELT) have until October 21, 2013 to move the Court
to serve as lead plaintiff in the securities fraud class action lawsuit filed
in the United States District Court for the Northern District of California on
behalf of a class (the “Class”) comprising all purchasers of Velti securities
between January 27, 2011 and August 20, 2013, inclusive (the “Class Period”).

Velti engages in the provision of mobile marketing and advertising technology
and solutions for brands, advertising agencies, mobile operators and media
companies, primarily in Europe, the Americas, Asia and Africa. The Complaint
charges Velti and certain of the Company’s executive officers with violations
of federal securities laws. Specifically, the Complaint alleges that
throughout the Class Period, the defendants made false and/or misleading
statements, as well as failed to disclose material adverse facts about Velti's
statements and reported financial results, including: (1) that the Company was
having difficulties collecting certain receivables; (2) that certain of the
Company’s receivables were uncollectible; (3) that, as a result, the Company’s
revenues and receivables were overstated during the Class Period; (4) that the
Company lacked adequate internal and financial controls; and (5) that, as a
result of the foregoing, the Company’s statements and reported financial
results were materially false and misleading at all relevant times.

If you are a member of the Class described above, you have certain rights and
have until October 21, 2013 to move for lead plaintiff status. To be a member
of the class you need not take any action at this time or may retain counsel
of your choice. If you purchased shares prior to the Class Period and wish to
learn more concerning 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
howardsmith@howardsmithlaw.com, or visit our website at
http://www.howardsmithlaw.com.

Contact:

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847 or 888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
 
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