Inuvo Replaces Expired Shelf Registration Statement
September 01 2017 - 5:01PM
Inuvo, Inc. (NYSE American:INUV), an advertising technology
company, today announced that it has filed a shelf registration
statement on Form S-3 with the U.S. Securities and Exchange
Commission (SEC) to replace the shelf that expired in the second
quarter of 2017.
The Company has no immediate plans to offer securities under the
registration statement. The Company has maintained an unused active
shelf registration for the last three years. The Company believes
it to be both a prudent and fiscally responsible corporate
governance practice to have an active shelf registration.
Consistent with the expired shelf registration statement, the
current shelf would allow for future offerings of securities up to
a total amount of $15 million, subject to all the customary SEC and
board approvals.
The shelf registration statement has been filed with the SEC but
has not yet been declared effective by the SEC. The securities
being registered may not be sold, nor may offers to buy be
accepted, until the registration statement becomes effective. This
press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such an
offer, solicitation or sale would be unlawful prior to the
registration or qualification under its securities laws. Any
offering of the securities covered under the shelf registration
statements will be made solely by means of the prospectus included
in the relevant registration statement and any applicable
prospectus supplement issued with respect to any offering.
Forward-looking Statements This press release
contains certain forward-looking statements that are based upon
current expectations and involve certain risks and uncertainties
within the meaning of the U.S. Private Securities Litigation Reform
Act of 1995. Words or expressions such as "anticipate," "plan,"
"will," "intend," "believe" or "expect" or variations of such words
and similar expressions are intended to identify such
forward-looking statements. These forward-looking statements are
not guarantees of future performance and are subject to risks,
uncertainties, and other factors, some of which are beyond our
control and difficult to predict and could cause actual results to
differ materially from those expressed or forecasted in the
forward-looking statements, including, without limitation,
statements made with respect to expectations with respect to our
lack of profitable operating history, successful integration of the
NetSeer business, changes in our business, potential need for
additional capital, fluctuations in demand; changes to economic
growth in the U.S. economy; and government policies and
regulations, including, but not limited to those affecting the
Internet, all as set forth in our Annual Report on Form 10-K for
the year ended December 31, 2016 and our subsequent filings with
the Securities and Exchange Commission. All forward-looking
statements involve significant risks and uncertainties that could
cause actual results to differ materially from those in the
forward-looking statements, many of which are generally outside the
control of Inuvo and are difficult to predict. Inuvo undertakes no
obligation to publicly update any forward-looking statements,
whether as a result of new information, future events or
otherwise.
Company Contact:
Inuvo, Inc.
Wally Ruiz
Chief Financial Officer
501-205-8397
wallace.ruiz@inuvo.com
Investor Contact:
KCSA Strategic Communications
Valter Pinto, Senior Vice President
212-896-1254
valter@kcsa.com
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