BEIJING and DALLAS, Dec. 23, 2014 /PRNewswire/ - NQ
Mobile, Inc. ("NQ Mobile" or the "Company") (NYSE:
NQ), a leading global provider of mobile internet services,
announced today that its Board of Directors has authorized a share
repurchase program under which the Company may repurchase up to
US$80 million of its shares over the
next 12 months. The share repurchases may be made from time
to time on the open market, in privately negotiated transactions,
in block trades and/or through other legally permissible means,
depending on market conditions and in accordance with applicable
rules and regulations. NQ Mobile plans to fund repurchases
made under this plan from its existing cash balance.
About NQ Mobile
NQ Mobile Inc. (NYSE: NQ) is a leading global
provider of consumer and enterprise mobile Internet
services. NQ Mobile's portfolio of offerings includes
mobile security and productivity, mobile search, mobile games &
advertising applications for the consumer market and consulting,
mobile platforms, and mobility management services for the
enterprise market. NQ Mobile maintains dual headquarters
in Dallas, Texas, USA and Beijing, China. For more information on NQ Mobile,
please visit http://www.nq.com
Forward Looking Statements
This news release contains "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "will," "expects," "anticipates,"
"future," "intends," "plans," "believes," "estimates" and similar
statements. All statements other than statements of historical fact
in this press release are forward-looking statements and involve
certain risks and uncertainties that could cause actual results to
differ materially from those in the forward-looking statements.
These forward-looking statements are based on management's current
expectations, assumptions, estimates and projections about the
Company and the industry in which the Company operates, but involve
a number of unknown risks and uncertainties, Further information
regarding these and other risks is included in the Company's
filings with the U.S. Securities and Exchange Commission. The
Company undertakes no obligation to update forward-looking
statements to reflect subsequent occurring events or circumstances,
or changes in its expectations, except as may be required by law.
Although the Company believes that the expectations expressed in
these forward looking statements are reasonable, it cannot assure
you that such expectations will turn out to be correct, and actual
results may differ materially from the anticipated results. You are
urged to consider these factors carefully in evaluating the
forward-looking statements contained herein and are cautioned not
to place undue reliance on such forward-looking statements, which
are qualified in their entirety by these cautionary statements.
INVESTOR RELATIONS:
NQ Mobile Inc.
Email: investors@nq.com
Phone: +852-3975-2853
+1-469-310-5281
Twitter: @NQMobileIR
Logo -
http://photos.prnewswire.com/prnh/20121224/CN34262LOGO
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/nq-mobile-announces-the-board-of-directors-has-authorized-an-up-to-us80-million-share-buyback-program-300013559.html
SOURCE NQ Mobile Inc.