Perion Announces Its Inclusion in the NASDAQ Global Select Market
TEL AVIV & SEATTLE -- December 31, 2013
Perion Network Ltd. (NASDAQ: PERI), today announced its inclusion in NASDAQ's
highest-tiered trading platform, the NASDAQ Global Select Market, starting
January 2, 2014.
As indicated by NASDAQ, the NASDAQ Global Select Market has the highest
financial listing standards of any exchange in the world, based on stringent
financial and liquidity requirements. NASDAQ Global Select Market companies
are selected based on financial, qualitative, and liquidity requirements, as
well as adherence to NASDAQ corporate governance requirements.
"We are very proud to have qualified for the NASDAQ Global Select Market,"
said Josef Mandelbaum, Perion’s CEO. "This achievement follows Perion’s
acquisition of ClientConnect, planned to close in early January, and is
indicative of our commitment to generating value for our shareholders. We
believe inclusion in this top tier of companies, reflects the Company's
continuous dedication to the highest financial standards and corporate
About Perion Network Ltd.
Perion Network, Ltd. (NASDAQ: PERI) is a global consumer internet company that
develops applications to make the online experience of its users simple, safe
and enjoyable. Perion’s three main consumer brands are: Incredimail, Smilebox
and SweetIM. Incredimail is a unified messaging application enabling consumers
to manage multiple email accounts and Facebook messages in one place with an
easy-to-use interface and extensive personalization features, and is available
in over 100 countries in 8 languages; Smilebox is a leading photo sharing and
social expression product and service that quickly turns life's moments into
digital keepsakes for sharing and connecting with friends and family, in a fun
and personal way. SweetIM is an instant messaging application that enables
consumers to personalize their everyday communications with free, fun and easy
to use content. Perion products have had over 300 million downloads to date
with more than 50 million monthly unique visitors across all of its brands.
Perion also offers and develops a range of products for mobile phones and
tablets to answer its users increasing mobile demands. For more information on
Perion please visit http://www.perion.com.
Forward Looking Statements
This press release contains historical information and forward-looking
statements within the meaning of The Private Securities Litigation Reform Act
of 1995 with respect to the business, financial condition and results of
operations of Perion. The words “will”, “believe,” “expect,” “intend,” “plan,”
“should” and similar expressions are intended to identify forward-looking
statements. Such statements reflect the current views, assumptions and
expectations of Perion with respect to future events and are subject to risks
and uncertainties. Many factors could cause the actual results, performance or
achievements of Perion to be materially different from any future results,
performance or achievements that may be expressed or implied by such
forward-looking statements, or financial information, including, among others,
the failure of any closing conditions to the Share Purchase to be satisfied
and the failure of the proposed transaction to be consummated for any other
reason, the failure to realize the anticipated benefits of the proposed
transaction; risks entailed in integrating the ClientConnect business with
Perion’s other businesses, including employee retention and customer
acceptance; the risk that the transaction will divert management and other
resources from the ongoing operations of the two businesses or otherwise
disrupt the conduct of those businesses, potential litigation associated with
the transaction, and general risks associated with the business of Perion and
with the ClientConnect business, including changes in the markets in which the
businesses operate and in general economic and business conditions, loss of
key customers, unpredictable sales cycles, competitive pressures, market
acceptance of new products, inability to meet efficiency and cost reduction
objectives, changes in business strategy and various other factors, whether
referenced or not referenced in this press release. Various other risks and
uncertainties may affect Perion and its results of operations, as described in
reports filed by the Company with the Securities and Exchange Commission from
time to time, including its annual report on Form 20-F/A for the year ended
December 31, 2012 and the Proxy Statement. Perion does not assume any
obligation to update these forward-looking statements.
Source: Perion Network Ltd.
Perion Investor Relations
Deborah Margalit, +972-3-7696100
Brett Maas / Miri Segal-Scharia
646-536-7331 / 917-607-8654
Brett@haydenir.com / email@example.com
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