VISLINK TECHNOLOGIES, INC. TO HOLD REMOTE ANNUAL MEETING OF STOCKHOLDERS ON NEW DATE
June 16 2020 - 8:00PM
Vislink Technologies, Inc. (NASDAQ: VISL) (the “Company”) today
announced that the Company plans to adjourn the Annual Meeting of
Stockholders, scheduled to be held on Wednesday, June 17, 2020 at
9:00 a.m. (Eastern Time), to Tuesday, June 30, 2020 at 11:00 a.m.
(Eastern Time), to be held by means of remote communications, which
will be provided by the Company in a separate communication ahead
of the adjourned meeting. The Company will announce such
adjournment at the currently scheduled Annual Meeting via the
following dial-in instructions: (908) 747-3000; Conference ID:
15983.
The Company is adjourning the Annual Meeting to
allow its retail shareholders additional time to vote and approve
the proposals that are described in the Proxy Statement, and in
particular, Proposal Number 3 authorizing the Company’s board of
directors to effect, at its discretion, a reverse stock split at a
specific ratio within a range from one-for-five to
one-for-fifty.
We intend to design the format of the Annual
Meeting to provide shareholders the same rights and opportunities
to participate as they would at an in-person meeting.
Your vote matters and is important no matter how
many shares you own. Please vote promptly and we thank you in
advance for your vote!
Stockholders who need assistance in submitting
their proxy or voting their shares of our common stock should call
the Company’s proxy solicitor, Laurel Hill Advisory Group, at
888-742-1305.
About Vislink Technologies,
Inc.
Vislink Technologies is a global leader in the
development and distribution of advanced communication solutions.
Driven by technical excellence that has led the industry for over
50 years, our innovative products and turnkey solutions provide
reliable connectivity in the toughest environments across the
global live production, military and government sectors. Our
solutions include high-definition communication links that reliably
capture, transmit and manage live event footage, as well as secure
video systems that support mission-critical applications. Vislink
Technologies shares are publicly traded on the Nasdaq Capital
Market under the ticker symbol VISL. For more information,
visit www.vislink.com.
Note on Forward-looking
Statements
This press release may contain projections or
other forward-looking statements within the meaning of the Private
Securities Litigation Reform Act. These statements involve risks
and uncertainties, and actual events or results may differ
materially. Among the important factors that could cause actual
results to differ materially from those in the forward-looking
statements are the risk that our reduction in operating expenses
may impact our ability to meet our business objectives and achieve
our revenue targets and may not result in the expected improvement
in our profitability, the fact that our future growth depends in
part on further penetrating our addressable market and also growing
internationally, and we may not be successful in doing so; our
dependence on sales of certain products to generate a significant
portion of our revenue; the effect of a decrease in the sales or
change in sales mix of these products would harm our business; the
risks that an economic downturn or economic uncertainty in our key
U.S. and international markets may adversely affect demand for our
products; difficulty in accurately predicting our future customer
demand; the importance of maintaining the value and reputation of
our brand; and other factors detailed in our Annual Report on Form
10-K for the year ended December 31, 2019 and our other subsequent
filings with the Securities and Exchange Commission. These
forward-looking statements speak only as of the date hereof or as
of the date otherwise stated herein. The Company disclaims any
obligation to update these forward-looking statements.
FOR MORE INFORMATION:
investors@vislink.com
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