Perion Announces Standard & Poor’s Maalot Credit Rating Reaffirmed
February 09 2017 - 8:07AM
Perion Network Ltd. (NASDAQ:PERI) today announced
that Standard & Poor's Maalot Ratings
Services ("S&P") has reaffirmed Perion's corporate credit
rating of ilA-, with a stable outlook.
Mr. Yacov Kaufman, Perion's Chief Financial
Officer and interim Chief Executive Officer, commented, "We are
very pleased with the reaffirmation of our Credit Rating, which is
a testament to our strong and steady cashflow."
An English version of the rating report and
notification is available in the Investors section of Perion's
website at http://www.perion.com/ir-events/.
About Perion Network Ltd.Perion
is a global technology company that delivers high-quality
advertising solutions to brands and publishers. Perion is committed
to providing outstanding execution, from high-impact ad formats to
native ads, branded search and a unified social and mobile
programmatic platform. More information about Perion may be found
at http://www.perion.com. Follow Perion on
Twitter @perionnetwork.
Forward Looking StatementsThis
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 to realize the anticipated benefits of
companies and businesses we acquired and may acquire in the future,
risks entailed in integrating the companies and businesses we
acquire, including employee retention and customer acceptance; the
risk that such transactions will divert management and other
resources from the ongoing operations of the business or otherwise
disrupt the conduct of those businesses, potential litigation
associated with such transactions, and general risks associated
with the business of Perion including intense and frequent 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 for the year ended
December 31, 2015 filed with the SEC on March 24, 2016. Perion does
not assume any obligation to update these forward-looking
statements.
Investor relations
Neta Fishman
+972 (73) 3981003
investors@perion.com
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