iGO, Inc. Provides Update on Previously Announced Voluntary Delisting From
SCOTTSDALE, Ariz. -- November 22, 2013
iGO, Inc. (OTCQB:IGOI) (the “Company”) announced today that, in connection
with its previously announced voluntary delisting from the NASDAQ Capital
Market, it expects its common stock, par value $0.10 per share, with the
associated Series H Junior Participating Preferred Stock Purchase Rights, to
begin trading on the OTCQB Marketplace, operated by the OTC Markets Group,
commencing today, November 22, 2013. As of market open, investors and other
interested parties will be able to view the stock quotes for the Company at
http://www.otcmarkets.com/stock/IGOI/quote. Although the Company expects that
its securities will be quoted on the OTCQB Marketplace, the Company can
provide no assurance that any trading market for these securities will exist
on the OTCQB.
The Company intends to file a Form 15 with the Securities and Exchange
Commission on December 2, 2013. The Form 15 will be filed to voluntarily
effect deregistration of the Company’s securities pursuant to Section 12(g) of
the Securities Exchange Act of 1934, as amended. After deregistration of the
Company’s stock is effective and its periodic reporting requirements are
suspended, the Company intends to continue to provide interim unaudited
financial information and annual audited financial information to its
Following deregistration, the Company anticipates that its securities will no
longer be quoted on the OTCQB but instead will be quoted on the OTC Pink
Marketplace. The Company cannot guarantee that trading in its securities will
continue in the OTC Pink Market or in any other forum.
About iGO, Inc.
iGO, Inc. offers a full line of innovative accessories for almost every mobile
electronic device on the market. Whether a consumer wants to power, protect,
listen to, share, cool, hold or connect to their device, iGO has the
accessories they need.
iGO’s products are available at www.igo.com as well as through leading
resellers and retailers. For additional information call 480-596-0061, or
iGO is a registered trademark of iGO, Inc. All other trademarks or registered
trademarks are the property of their respective owners.
iGO has adopted a Rights Agreement to deter acquisitions of 4.9% or more of
the Company's common stock (subject to certain exceptions) by any group or
person in order to protect the Company's ability to utilize its net loss
carryforwards to reduce potential future federal income tax obligations.
This press release contains “forward-looking statements” within the meaning of
Section 21E of the Securities Exchange Act of 1934. The words “believe,”
“expect,” “anticipate,” “should,” and other similar statements of our
expectation identify forward-looking statements. These forward-looking
statements are based largely on management’s expectations and involve known
and unknown risks, uncertainties and other factors, which may cause the
Company’s actual results, performance or achievements, or industry results, to
be materially different from any future results, performance or achievements
expressed or implied by these forward-looking statements. Risks that could
cause results to differ materially from those expressed in these
forward-looking statements include, among others, the risk that unforeseen
events occur and delay the preparation and filing of the Form 25 and Form 15
and that the SEC does not accept or requires amendments to the Form 25 and
Form 15 resulting in a delay in the delisting and deregistration of the
Company’s common shares, and the continued interest of market makers in
trading the Company’s common stock and the Company’s decision to deregister
its common stock under the Securities Exchange Act of 1934, as amended.
Additionally, other factors that could cause actual results to differ
materially from those set forth in, contemplated by, or underlying these
forward-looking statements are included in the Company’s Annual Report on Form
10-K for the year ended December 31, 2012 under the heading “Risk Factors.” In
light of these risks and uncertainties, the forward-looking statements
contained in this press release may not prove to be accurate. The Company
undertakes no obligation to publicly update or revise any forward-looking
statements, or any facts, events, or circumstances after the date hereof that
may bear upon forward-looking statements. Additionally, the Company does not
undertake any responsibility to release publicly updates on any occurrence of
unanticipated events which may cause actual results to differ from those
expressed or implied by these forward-looking statements.
Terry R. Gibson, 408-399-6494
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